SBI Cards and Payment Services has reported results for fourth quarter and year ended March 31, 2021.
The company has reported 2-fold jump in its net profit at Rs 175.42 crore for the quarter under review as compared to Rs 83.55 crore for the same quarter in the previous year. However, total income of the company decreased by 1.68% at Rs 2,468.14 crore for Q4FY21 as compared Rs 2,510.40 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported a fall of 20.91% in its net profit at Rs 984.52 crore as compared to Rs 1,244.82 crore for the previous year. Total income of the company marginally decreased by 0.40% at Rs 9,713.58 crore for year under review as compared to Rs 9,752.29 crore for year ended March 31, 2020.
