How has been the historical performance of the 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 Rs 6,999.11 crore in March 2019 to Rs 18,072.22 crore in March 2025. The total operating income followed a similar trend, reaching Rs 18,072.22 crore in March 2025, up from Rs 9,276.40 crore in March 2020. Operating profit (PBDIT) peaked at Rs 3,428.55 crore in March 2024 before declining to Rs 2,727.50 crore in March 2025. Despite this drop, profit before tax remained strong at Rs 2,580.68 crore in March 2025, although it was lower than the previous year's Rs 3,231.80 crore. Profit after tax also saw a decrease to Rs 1,916.41 crore in March 2025 from Rs 2,407.88 crore in March 2024. The company's total liabilities rose significantly, reaching Rs 57,816.62 crore in March 2024, compared to Rs 19,982.91 crore in March 2019. Cash flow from operating activities has been negative in recent years, with a notable outflow of Rs 5,451 crore in March 2024, although the net cash inflow improved to Rs 1,492 crore in the same year. Overall, while SBI Cards has shown robust revenue growth, it faces challenges in maintaining profitability and managing cash flows effectively.