SBI Cards and Payment Services on Tuesday reported a 32 per cent rise in its December quarter net profit at Rs 509 crore.
The pure-play credit card company, promoted by SBI, had posted a net profit of Rs 386 crore a year ago. The company’s total income grew marginally to Rs 3,656 crore from Rs 3,140 crore in the year-ago period.
Total operating cost increased 15 per cent to Rs 1,974 crore from Rs 1,719 crore in FY22.
PNB Housing Fin
PNB Housing Finance on Tuesday reported a 43 per cent jump in net profit at Rs 269 crore, driven by a massive growth in the core net interest income in the December quarter even though loan growth was muted for the period.
The company’s net interest income jumped 67 per cent to Rs 734 crore during the quarter, as it passed on the rising interest rates to its customers even though the mainstay retail loan book inched up only 6.6 per cent to Rs 53,123 crore.
Tata Coffee net down
Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore against Rs 69.46 crore in the year-ago period.
Consolidated total income witnessed a 19.13 per cent growth during the October-December period at Rs 754.76 crore compared with Rs 633.52 crore a year ago.
