A polarizing plate includes a base substrate, a conductive lattice pattern and a light absorbing pattern. The base substrate has a first surface and a second surface located opposite to the first surface. The conductive lattice pattern is formed on the first surface in a stripe arrangement. The conductive lattice pattern reflects and/or polarizes light incident on the conductive lattice pattern. The light absorbing pattern is formed on the first surface and corresponds to the conductive lattice pattern. The light absorbing pattern absorbs at least a portion of light reflected on an arbitrary interface after being polarized by the conductive lattice pattern. Thus, an undesired polarization component of a light exiting through a polarizing plate may be reduced, thereby increasing a contrast ratio of a display panel.