SBI Cards Q3 Results Overview

Shares Tumble Nearly 6%

Revenue Up by 30%

Total revenue reached Rs 4,742 Cr in Q3 FY24, a 30% increase YoY.

Profit After Tax Grows 8%

PAT rose to Rs 549 Cr in Q3 FY24, up from Rs 509 Cr in Q3 FY23.

Financial Health Indicators

ROAA drops to 4.1%. Capital Adequacy Ratio holds strong at 18.4%.

Jefferies: Hold

Target price set at Rs 830, showing neutral sentiment.

Mixed Outlook

Morgan Stanley: Equal weight with Rs 750 target. Incred: Reduce to Rs 500.

Elara: Sell

Bearish view with a target price down to Rs 719.

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