SBI Card shares in focus after Q4 profit falls 19% YoY to Rs 534 crore; revenue rises 7.5%

SBI Card shares: SBI Card opened 1.109 million new accounts in the quarter, an increase from 1.029 million in the same period last year. As of March 2025, the total number of active cards grew 10% year-on-year to 2.08 crore. Customer spending during Q4FY25 rose 11% YoY to ₹88,365 crore.

SBI Cards and Payment Services reported a 19.4% year-on-year (YoY) drop in net profit to Rs 534.2 crore for the quarter ended 31 March 2025, down from Rs 662.

4 crore in the same period last year. The decline was mainly driven by higher credit costs and provisions amid a challenging consumer lending environment.Despite the fall in profit, revenue from operations rose 7.

5% YoY to Rs 4,674 crore, supported by growth in card usage and fee-based income.SBI Card added 1.109 million new accounts during the quarter, up from 1.

029 million a year earlier. Total cards-in-force rose 10% YoY to 2.08 crore as of March 2025.

Total customer spends increased 11% YoY to Rs 88,365 crore in Q4FY25, while receivables grew 10% to Rs 55,840 crore.Also Read: Bharti Airtel, BSE among 7 stocks that are near the buy point. Do you own any?Asset Quality and ProvisionsThe gross NPA ratio stood at 3.

08% and net NPA at 1.46% as of 31 March 2025. Provision coverage ratio was 53.

46% for the quarter.Impairment losses and bad debt expenses surged 48% YoY to Rs 4,872 crore in FY25, up from Rs 3,287 crore in FY24. This contributed to a 20% decline in full-year PAT, which came in at Rs 1,916 crore compared to Rs 2,408 crore in the previous year.

Also Read: Stocks in news: Maruti Suzuki, RIL, Tech Mahindra, Axis Bank, IndusInd BankFull-Year FinancialsTotal income for FY25 rose 7% to Rs 18,637 crore from Rs 17,484 crore in FY24. However, finance costs jumped 22% to Rs 3,178 crore, reflecting the impact of higher interest rates. Gross advances (credit card receivables) rose to Rs 55,840 crore, while net worth improved to Rs 13,853 crore from Rs 12,156 crore a year ago.

SBI Card Shares Price TargetAccording to Trendlyne, the average target price for SBI Card is Rs 804, indicating a 13% downside from current levels. The stock has a ‘Hold’ rating based on consensus from 24 analysts.SBI Card Shares Price PerformanceIn the previous session, SBI Card shares closed 1.

2% higher at Rs 926.9. The stock has surged 37% year-to-date and 24% over the last one year.

The company’s market capitalisation stands at Rs 88,181 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times).