Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q4 FY2025 Earnings Presentation
31 slides from Sbi Cards & Payment Services's earnings presentation, April 2025
Slide 1: Investor Presentation Q4 – FY 2024-25
INVESTOR PRESENTATION Q4 – FY 2024-25 1
Slide 2: Index
INDEX 1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures 2
Slide 3: Key Highlights
oSsBICard Key Highlights
Slide 4: FY25 at a glance
FY25 at a glance Touched 2 Cr Milestone in Cards in FY25, Retail Spends increase by 18% YoY New Accounts Retail Spends Receivables - 6% + 18% + 10% Business Volumes 4,364K → 4,092K ₹ 262,501 Cr → ₹ 308,779 Cr ₹ 50,846 Cr → ₹ 55,840 Cr FY24 FY25 FY24 FY25 Mar 24 Mar 25 Total Income EBCC PAT + 7% + 14
Slide 5: Key Highlights for Q4 FY25
Key Highlights for Q4 FY25 Profits increase 39%+ QoQ, Credit costs decline to 9% 2.08 Cr ₹₹37,730 Cr+ ₹ 55,840 Cr Business 11.09 lacs 88,365 Cr Volumes New A/cs 8% YoY CIF 10% YoY Spends Receivables 11% YoY Receivables 10% YoY 6%QoQ 3% QoQ 41% YoY 3% QoQ 2% QoQ Profitability ₹ 534 Cr
Slide 6: Portfolio Growth
osBI Card Portfolio Growth
Slide 7: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 8% YOY 6% QOQ 10% YOY 10% YOY 3% QOQ 2% QOQ 10.29 11.75 11.09 9.04 9.04 2.08 55,840 54,773 2.02 50,846 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 1.89 Retail Spends (₹ Cr) 15% YOY 1% QOQ Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 F
Slide 8: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 26,918 27,395 28,387 27,052 26,816 171 169 173 172 162 158 162 155 148 151 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Ret+Corp Ret 30-day Retail spend active rate % Receivables(₹ Cr)/Mix % 50,846 52
Slide 9: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 58.9% 57.9% 56.9% Category 1 Departmental Stores, Health, Utilities, 9% 5% 10% Rental, Education & Direct Marketing 54.4% Category 2 51.9% Consumer durables, Furnishing & 39% 23% 84% Hardware, App
Slide 10: Financial Update
Financial Update oSsBICard 10
Slide 11: Key Financials
Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 4,619 4,674 8% YOY 4,348 4,359 4,421 19% YOY 20% YOY 1% QOQ 39% QOQ 2,408 1,916 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 662 Interest Cost 534 383 10% YOY 724 767 788 829 795 4% QOQ Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24
Slide 12: P&L Summary
(All figures in ₹ Cr ) P&L Summary Q4 FY25 Q3 FY25 QoQ YoY FY25 YoY Revenue from operations(₹ Cr) Total Income 4,832 4,767 1% 8% 18,637 7% (Composition Mix %) -Revenue from Operations 4,674 4,619 1% 8% 18,072 7% -Interest Income 2,415 2,399 1% 13% 9,347 18% 4,348 4,619 4,674 -Fees & Other Revenue 2,
Slide 13: Asset Quality
Asset Quality osBI Card 13
Slide 14: Asset Quality
(All figures in ₹ Cr ) Asset Quality Receivables (₹ Cr) (Composition Mix %) Q4 FY25 Q3 FY25 QoQ YoY FY25 YoY 50,846 54,773 55,840 2.8% 3.2% 3.1% Gross Credit Cost *(A) 1,244 1,313 -5% 32% 4,872 48% 5.7% 5.6% 5.0% -Gross Write off 1,303 1,354 -4% 51% 4732 64% 91.5% 91.1% 91.9% -Provision (59) (41) 46
Slide 15: New Sourcing – Portfolio Insight
Portfolio Insight New Accounts Salaried Category Age Profile By City Tier 20% 30% 23% New Sourcing 24% For Q4 FY25 26% 55% 37% 63% 19% 18% 34% 50% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others Salaried 61%; Self employed 39% 0.99 1.01 0.77 1.10 21% 17% 41% 0.62
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy 16
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 13% 20% 21% 19% 19% CAR 20.5% 20.6% 22.1% 22.9% 22.9% 20% 17% 18% 16% 14% Tier 1 67% 63% 61% 65% 67% 16.5% 16.8% 16.3% 17.0% 17.5% Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 WCDL NCD TL COF Trend Key C
Slide 18: ESG
oSsBICard 18
Slide 19: ESG & CSR Update
ESG & CSR Update 8.8L+ Trees 27% Women Saved Diversity CRISIL ESG 65 Through paperless communication with customers Increased efforts towards PwD & Women Candidates CRISIL ESG Rating Category “STRONG” since FY 2017-18 Hiring • Introduced live photo capture and • Winner of the prestigious Golden • Co
Slide 20: Shareholders Summary
Shareholders Summary 20
Slide 21: Shareholders Summary
Shareholders Summary Shareholding Pattern, 31st Mar 2025 Top 20 Shareholders as on 31st Mar 2025 S. No Name of Shareholder % 1 State Bank Of India 68.60 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 3 Life Insurance Corporation Of India 1.98 Insurance Others 4 Icici Prudential Multi-Asset
Slide 22: Annexures
Annexures osBI Card 22
Slide 23: Balance Sheet Statement
Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’24 Mar’25 Assets Loans (Net of Provisions) 49,079 53,935 Cash & Bank Balances 2,730 2,738 Investments 3,519 6,235 All other Financial Assets 573 514 Total Financial Assets 55,901 63,422 PP&E, Intangible & Right of use assets 564 330 Curr
Slide 24: Profit & Loss Statement
Profit & Loss Statement (All figures in ₹ Cr ) Description Q4 FY24 Q3 FY25 Q4 FY25 FY24 FY25 Interest Income 2,139 2,399 2,415 7,927 9,347 Fees and commission income 2,000 2,025 2,093 8,165 8,003 Sale of Services 38 33 27 164 126 Business development incentive income 170 161 138 710 592 Insurance co
Slide 25: Explaining Returns
Explaining Returns Q4 FY24 Q3 FY24 Q4 FY25 QoQ YoY FY25 YoY Interest Income 15.1% 15.3% 15.1% -14bps 5bps 15.2% 3bps Fees and other Income 15.6% 14.2% 14.2% 4bps -141bps 14.2% -315bps Recoveries 0.9% 0.9% 1.0% 4bps 8bps 0.9% -4bps Total Revenue 31.6% 30.4% 30.3% -6bps -128bps 30.4% -315bps Finance C
Slide 26: Product Brief
Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel SBI Card Elite SBI Card PRIME Lifestyle Home Centre SBI Card AURUM SBI Card Pulse UCO Bank SBI Card KrisFlyer SBI Card Apex SimplyCLICK SBI Card SimplySAVE SBI Card Shaurya Select SBI Card Reliance SBI Card KrisFlyer SBI Car
Slide 27: Market Share
Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.2% 19.8% 18.7% 18.6% 18.9% 18.2% 18.2% 17.8% 17.0% 16.7% 15.6% FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* FY22 FY23 FY24 FY25* *As per RBI report available till Feb’25 27
Slide 28: Recent Developments
Recent Developments Promotion of KrisFlyer SBI Card SBI Card Apple Offer An ATL Campaign (OOH & Print) was launched to promote Continued the strategic partnership with the KrisFlyer SBI Card among frequent fliers and business Apple, where cardholders could avail up travelers. to Rs. 10,000 instant d
Slide 29: Glossary
Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Card-in-force Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and deactivated credit cards. Spends Total Spends (retail and corporate) c
Slide 30: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of SBI Cards and Payment Services Limited in India or in any other jurisdiction. This presentation is not intended to be a pros
Slide 31: Thank you
Thank you 31
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