How has been the historical performance of SBI Cards?

Answer:The historical performance of SBI Cards shows a consistent growth trajectory in net sales and profits over the years, with some fluctuations in operating metrics. Breakdown: SBI Cards has demonstrated significant growth in net sales, increasing from 6,999.11 Cr in Mar'19 to 18,072.22 Cr in Mar'25. The total operating income has followed a similar upward trend, reaching 18,072.22 Cr in Mar'25 from 6,999.11 Cr in Mar'19. Operating profit (PBDIT) peaked at 3,428.55 Cr in Mar'24 but decreased to 2,727.50 Cr in Mar'25, reflecting a decline in operating profit margin from 17.17% to 11.97%. Profit before tax also saw a decrease from 3,231.80 Cr in Mar'24 to 2,580.68 Cr in Mar'25, leading to a profit after tax of 1,916.41 Cr in Mar'25. The company's total liabilities rose significantly from 25,031.58 Cr in Mar'20 to 65,103.02 Cr in Mar'25, with total debt also increasing to 44,946.61 Cr. Despite these increases in liabilities, shareholder's funds grew from 5,341.22 Cr in Mar'20 to 13,781.72 Cr in Mar'25, indicating a strengthening equity base. Cash flow from operating activities remained negative, with a cash flow of -2,140.00 Cr in Mar'25, although net cash inflow showed a positive trend with 55.00 Cr in Mar'25. Overall, while SBI Cards has expanded its revenue and equity, it faces challenges in maintaining profitability and managing its cash flow effectively.