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SBICARD

Declares Interim Dividend Shares of SBI Cards & Payment Services Ltd (SBI Card) shall trade ex-dividend today. The financial services player had announced an interim dividend of Rs 2.50 per share, or 25 per cent (face value of Rs 10 each) of the company for the financial year 2024-25, as per the exchange filing. The record date for the interim dividend payment is Tuesday, February 25, 2025, and the dividend will be credited/dispatched on or before March 18, 2025. 's Q3 FY2024 Results and Outlook SBI Card reported a 30 per cent YoY decline in its consolidated net profit at Rs 383.2 crore for the December 2024 quarter. Its consolidated revenue from operations rose slightly by 1 per cent to Rs 4,767 crore. However, the company's net interest income (NII) declined by 3.5 per cent YoY to Rs 3,790.1 crore. The stock has gained nearly 25 per cent in the year 2025 so far, while it is up 30 per cent from its 52-week low at Rs 649 hit in June 2024. Analyst Ratings and Price Targets In its latest report, foreign brokerage firm Morgan Stanley has maintained an equal-weight rating on SBI Cards with a target price of Rs 685. On the other hand, HDFC Securities had downgraded the stock to 'reduce' from 'add' post its Q3 results, with a target price of Rs 637. Axis Securities, with a 'hold' rating, has a target price of Rs 780 on the stock, expecting a recovery in RoA/RoE over FY26-27. Note : Follow risk management and position sizing at all times