SBI Funds Management Q2 FY27 results: net profit ₹701.24 crore

How did SBI Funds Management perform in Q2 FY27?

SBI Funds Management reported consolidated revenue of ₹1,193 crore for Q2 FY27, compared with ₹1,153 crore in Q1 FY27. EBITDA was ₹912.69 crore and the EBITDA margin was 76.5%, compared with ₹922.94 crore and 80.1% in the previous quarter. Other income was ₹44.71 crore, while total expenses rose to ₹301.18 crore.

Consolidated profit before tax was ₹936.20 crore, down from ₹1,145 crore, and net profit was ₹701.24 crore, down from ₹880.25 crore. Basic EPS was ₹3.44 compared with ₹4.32 in Q1 FY27. Employee cost rose to ₹131.31 crore from ₹104.85 crore and other expenses rose to ₹138.84 crore from ₹118.05 crore. The company reported no exceptional item.

What do the balance sheet and cash flow show?

At 30 September 2026, consolidated total assets were ₹8,304.6 crore and total equity was ₹7,558.31 crore. Cash was ₹29.45 crore. The available balance-sheet figures do not provide a comparison with the previous balance-sheet date, and borrowings were not reported.

For H1 FY27, cash flow from operating activities was ₹1,374.27 crore, while investing cash flow was -₹1,341.41 crore and financing cash flow was -₹23.16 crore. Capital expenditure was ₹10.72 crore. A year-earlier cash-flow comparison is not provided in the available figures.

What else did the company announce?

On 23 October 2026, the board approved the un-audited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, following a recommendation from the audit committee. The results and the statutory auditors’ limited-review reports were filed with the exchanges. The same-day filing also included an investor presentation and press release.

The board approved a postal ballot notice seeking shareholder approval for the appointment of Giridhar Sanjeevi as an independent director. It also considered requests to reclassify Indian Digital Payment Intelligence Corporation from the promoter group to the public category and to remove AIXIGO TR YAZILIM LIMITED SIRKETI from the promoter group following its voluntary winding up and dissolution. The company said the reclassification did not require shareholder approval because the entities did not hold shares in the company.

The same-day filings did not announce a dividend or a fund raise. The available filings also did not report another appointment apart from the proposed independent-director appointment.

What did SBI Funds Management's management say?

Management identified product, GIFT City, SIF, AIF and private-credit expansion as the next growth engines. Additional SIF products and Category 3 launches were planned for the coming months, while the new alternatives head was building Category 2 capability. Management said alternatives would initially operate as an internal division without separate capital allocation, with a separate allocation to be considered in due course. No formal revenue, margin or AUM guidance was given.

Management also discussed market volatility and the effect of foreign outflows, higher crude prices, firm U.S. yields and a stronger dollar. It said a large investor-mandate reallocation reduced PMS AUM, although the revenue impact was non-material. The company also cited elevated investor anxiety among investors who entered mutual funds in the last two to three years and continuing performance dispersion across the fund lineup.

How did SBI Funds Management shares react?

After the filing appeared after market hours, SBI Funds Management’s shares fell 2.3% within 5 minutes, 2.0% within 15 minutes and 2.3% within 30 minutes. By the close of the first session that could trade on the news, the stock was down 2.4% from the previous close of ₹463.0. By the next day’s close, it was down 0.5% from that pre-results close.