How has been the historical performance of SBI Cards?

Answer:The historical performance of SBI Cards shows a steady growth in net sales and profit over the years, with some fluctuations in operating and profit margins.

Breakdown:
SBI Cards has demonstrated consistent 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, reaching 18,072.22 Cr in Mar'25, up from 9,296.46 Cr in Mar'21. However, the total expenditure also rose significantly, from 5,896.55 Cr in Mar'19 to 15,909.65 Cr in Mar'25, impacting the operating profit, which was 2,162.57 Cr in Mar'25, down from 2,913.47 Cr in Mar'24. Profit before tax peaked at 3,231.80 Cr in Mar'24 but decreased to 2,580.68 Cr in Mar'25, while profit after tax was 1,916.41 Cr in Mar'25, down from 2,407.88 Cr in Mar'24. The company's total liabilities increased from 25,031.58 Cr in Mar'20 to 65,103.02 Cr in Mar'25, reflecting a growing debt level, which stood at 44,946.61 Cr in Mar'25. Despite these challenges, 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 remained negative in Mar'25 at -2,140.00 Cr, although the net cash inflow was positive at 55.00 Cr, showing some resilience in cash management.