BOM:543066

Jefferies Adjusts SBI Cards and Payment Services' Price Target to INR700 from INR880, Keeps at Hold

SBI Cards and Payment Services' Profit Grows in Fiscal Q4

SBI Cards and Payment Services (NSE:SBICARD, BOM:543066) witnessed an increase in its profit after tax to 6.09 billion Indian rupees in the fiscal fourth quarter ended March 31 against 5.34 billion rupees a year ago.Earnings per share climbed to 6.40 rupees compared with the year-ago figure of 5.61 rupees, according to a Monday filing to Indian stock exchanges.Revenue from operations in fiscal Q4 increased to 49.3 billion rupees from 46.7 billion rupees a year earlier.