Kotak Equities downgrades SBI Cards to‘add’, increases target price after 19% YoY decline in PAT
- Posted on April 25, 2025
- By Business News Today
- 7 Views
Kotak Equities downgrades SBI Cards to‘add’, increases target price after 19% YoY decline in PAT
SBI Cards' Q4FY25 net profit dropped 19.4% YoY, prompting Kotak Institutional Equities to downgrade the stocks rating. Despite a focus on growth, slower expansion is expected in FY2026. Challenges include slower card issuances, conservative risk approach, and limited cost-of-funds advantage.
