Low opex aids earnings; credit cost stays high

29 Apr 2024
5 Min read 
  • SBI Cards beats PAT expectations in 4QFY24 results.
  •  NIM contracts sharply, spending growth decelerates, and asset quality under pressure.
  •  Company expects lower credit cost for FY24-25 but may be above 7%.
  •  SBICARD maintains Neutral rating with a TP of INR850.
  •  The text includes financial data, valuation metrics, and investment risks.
  •  The information covers multiple financial indicators and ends with a date stamp.
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