SBI Cards and Payment Services Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

July 21, 2024

SBI Cards and Payment Services (NSE:SBICARD) Full Year 2024 Results

Key Financial Results

Revenue: ₹110.9b (up 12% from FY 2023).
Net income: ₹24.1b (up 6.6% from FY 2023).
Profit margin: 22% (down from 23% in FY 2023). The decrease in margin was driven by higher expenses.
EPS: ₹25.39 (up from ₹23.92 in FY 2023).

revenue-and-expenses-breakdown — NSEI:SBICARD Revenue and Expenses Breakdown July 21st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

SBI Cards and Payment Services EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 3.5%.

In the last 12 months, the only revenue segment was Credit Cards contributing ₹110.9b. The largest operating expense was Sales & Marketing costs, amounting to ₹25.2b (66% of total expenses). Explore how SBICARD's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Consumer Finance industry in India.

Performance of the Indian Consumer Finance industry.

The company's shares are down 2.7% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with SBI Cards and Payment Services (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com