SBI Card’s net profit decreased by 5% YoY to Rs. 593 crore for Q1 FY24 while revenue from operations increased by 24% YoY to Rs. 4,046 crore. M&M Financial’s profit was at Rs. 353 crore for Q1, a YoY growth of 58%, and total income was at Rs. 3,125 crore, a 25% YoY increase.
ICICI Direct Analysis: How Sensex stocks stand to benefit from Budget 2025
The government initiatives, including a maritime development fund, MSMe reclassification, and a capex allocation, aim to boost manufacturing and credit demand. Companies like Adani Ports,