SBI Card Q1 Results: Profit Up 0.2%, Total Income Rises

SBI Cards and Payment Services Ltd.'s first-quarter profit rose, but missed analysts' estimates.

The company's standalone net profit increased 0.2% year-on-year to Rs 594 crore for the quarter-ended June, according to an exchange filing on Friday. Analysts polled by Bloomberg had estimated a net profit of Rs 639 crore.

• Total income up 10.8% to Rs 4,483 crore.

• Net profit up 0.2% to Rs 594 crore versus Rs 593 crore.

(This is a developing story)