Kotak Securities
Business in top gear. SBI Cards reported ~105% earnings growth on the back of 22% yoy operating profit growth and ~30% yoy decline in provisions. The business is showing solid growth signals with spend growth at 80% yoy, card growth at ~20% yoy and receivables growth at 40% yoy.
Axis Direct released a Hold report for SBI Cards and Payment Services Ltd. on 25 Apr, 2025.
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