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Motilal Oswal
SBI Cards (SBICARD) reported a healthy beat on PAT in 4QFY24 amid lower
opex (20% lower than our estimate). PAT jumped 21% QoQ to INR6.6b,
while NII inched up 2% QoQ (in line).
Number of MF schemes increased from 22 to 32 in Mar 2025 qtr.
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