29/1/2026, 5:17:01 pm

SBI Cards gets price target of Rs 875 at Motilal Oswal

SBI Cards (SBICARD) reported a 3QFY26 PAT of INR5.6b, up 45% YoY and 25% QoQ. NIMs contracted 20bp QoQ to 11%. Motilal Oswal reduces earnings estimates by 4%/6.5% for FY26/FY27, expecting a RoA/RoE of 3.85%/17.9% by FY27E, with a revised TP of INR875 (24x Sep'27E EPS) and maintains a Neutral rating.