How has been the historical performance of SBI Cards?

Answer:The historical performance of SBI Cards shows a consistent growth trend in net sales and profit metrics over the years.

Breakdown:
SBI Cards has demonstrated significant growth in net sales, increasing from INR 6,999.11 crore in March 2019 to INR 18,072.22 crore in March 2025. This upward trajectory reflects a steady rise in total operating income, which also rose from INR 6,999.11 crore in March 2019 to INR 18,072.22 crore in March 2025. However, the total expenditure has increased as well, from INR 5,896.55 crore in March 2019 to INR 15,909.65 crore in March 2025. Operating profit, excluding other income, peaked at INR 2,162.57 crore in March 2025, although the overall operating profit margin has fluctuated, reaching 11.97% in March 2025 compared to 15.75% in March 2019. Profit before tax showed a similar pattern, rising from INR 1,335.08 crore in March 2019 to INR 2,580.68 crore in March 2025, while profit after tax also increased from INR 864.97 crore to INR 1,916.41 crore over the same period. Despite these gains, the earnings per share (EPS) saw a decline from INR 25.32 in March 2024 to INR 20.14 in March 2025. The cash flow from operating activities has been negative in recent years, indicating challenges in cash generation, although net cash inflow improved to INR 1,492 crore in March 2024 from INR 231 crore in March 2023. Overall, SBI Cards has shown resilience and growth in its financial performance, albeit with some fluctuations in profitability and cash flow metrics.