With a high return profile, SBI Cards shares offer 25% potential upside: Prabhudas Lilladher
The brokerage has given the call considering the average set of numbers for Q2FY23. The credit card company’s PAT for the September quarter came in lower by 16% quarter-on-quarter (QoQ), while it logged an increase of 52% year-on-year (YoY). The drag in profitability was largely on the back of higher-than-expected provisions and opex.
