SBI Cards Reports Decline in Quarterly Profit Amidst Strong Long-Term Fundamentals
SBI Cards & Payment Services has recently undergone an adjustment in evaluation, reflecting the company's current financial landscape. The latest assessment highlights several key metrics that provide insight into its performance. For the quarter ending September 2024, the company reported a profit after tax of Rs 404.42 crore, which indicates a notable decline compared to previous periods. Additionally, the operating profit before depreciation, interest, and taxes (PBDIT) reached its lowest point at Rs 1,248.46 crore, while the operating profit to net sales ratio stood at 28.24%, marking a significant low.Despite these challenges, SBI Cards maintains a strong long-term fundamental strength, with an average return on equity (ROE) of 19.77%. The company has also demonstrated healthy growth over the long term, with operating profit increasing at an annual rate of 21.58%. However, the stock has shown consistent underperformance against benchmarks over the past three years, generating a return of -0.82% in the last year.
The technical trend for SBI Cards is currently sideways, indicating a lack of clear price momentum. High institutional holdings at 25.99% suggest that these investors possess the resources to analyze the company's fundamentals effectively.
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