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 profitability over the years.

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 followed a similar trend, rising from 6,999.11 Cr in Mar'19 to 18,072.22 Cr in Mar'25. 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 fluctuations, reaching a high of 3,231.80 Cr in Mar'24 before dropping to 2,580.68 Cr in Mar'25. Profit after tax followed suit, decreasing from 2,407.88 Cr in Mar'24 to 1,916.41 Cr in Mar'25. The company's total liabilities increased significantly from 25,031.58 Cr in Mar'20 to 65,103.02 Cr in Mar'25, with total debt rising from 17,572.75 Cr to 44,946.61 Cr in the same period. Despite these increases in liabilities, the book value per share improved from 56.88 in Mar'20 to 144.86 in Mar'25, indicating a strengthening equity position. Cash flow from operating activities has been negative in recent years, with a notable outflow of -2,140.00 Cr in Mar'25, although cash and cash equivalents increased slightly to 2,537.00 Cr. Overall, while SBI Cards has shown strong revenue growth, profitability and cash flow have faced challenges in the latest fiscal year.