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Consolidated revenue from operations rose slightly by 1%, amounting to ₹4,767 crore, compared to ₹4,742 crore in the same period last year.
Net interest income (NII) also saw a decline of 3.5%, falling to ₹3,790.1 crore from ₹3,926.2 crore a year ago.
The company’s asset quality improved slightly, with gross non-performing assets (NPAs) decreasing to 3.24% from 3.27% in the previous quarter.
Also read: Bajaj Auto Q3 Results | Net profit up 3% at ₹2,109 crore, revenue grows 6%; misses estimates
Net NPAs also remain flat, decreasing to 1.18% from 1.19% in the previous quarter. The provision coverage ratio stood at 64.3%, a marginal drop from 64.4% sequentially.
Shares of SBI Card closed 0.71% higher at ₹759 apiece on the BSE. The results were announced post market hours.
First Published: Jan 28, 2025 7:11 PM IST
