SBICARD

s share price falls 3% after Q2 results; target cut - 4 reasons by Elara

SBI Cards Share Price Target 2025 : Elara Securities has cited persistent weakness in growth and profitability outlook, despite near-term stock price gains in SBI Cards and Payment Services . The company reported a PAT of Rs 440 crore, reflecting a 10% YoY increase but a sharp 20% QoQ decline, missing street estimates, the brokerage noted. This was driven by muted Net Interest Income growth of just +3% QoQ and a surge in operating expenses (+17 per cent QoQ). Consequently, Return on Assetsfell to 2.6 per cent it added.