Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year Ended September 30, 2026

Nature of Filing / Announcement: Outcome of Board Meeting

Date of Board Meeting / Approval: October 23, 2026

Audit Opinion: Clean (Unmodified)

Auditor's Comment: No qualifications or modifications. Nothing came to attention that causes belief that the statement contains any material misstatement.

Key Financial Highlights [₹ in millions]

Standalone Results:

Revenue from Operations:

  • Q2 FY27: ₹11,873.97 (vs Q2 FY26: ₹10,912.68, +8.8% YoY)
  • Q1 FY27: ₹11,486.75
  • H1 FY27: ₹23,360.72 (vs H1 FY26: ₹20,886.64, +11.8% YoY)

Total Income:

  • Q2 FY27: ₹12,300.63
  • H1 FY27: ₹26,148.89

Net Profit:

  • Q2 FY27: ₹6,935.41 (vs Q2 FY26: ₹7,407.82, -6.4% YoY)
  • Q1 FY27: ₹8,728.06
  • H1 FY27: ₹15,663.47 (vs H1 FY26: ₹15,858.02, -1.2% YoY)

EPS:

  • Basic Q2 FY27: ₹3.40
  • Diluted Q2 FY27: ₹3.40
  • Basic H1 FY27: ₹7.69

Other Equity: ₹56,979.83 (as of March 31, 2026)

Cash and Cash Equivalents:

  • September 30, 2026: ₹106.22 million
  • March 31, 2026: ₹141.43 million

Debt: Not specifically disclosed

Consolidated Results:

Revenue from Operations:

  • Q2 FY27: ₹11,926.72
  • H1 FY27: ₹23,454.01

Net Profit:

  • Q2 FY27: ₹7,012.44
  • H1 FY27: ₹15,815.00

EPS:

  • Basic Q2 FY27: ₹3.44
  • Diluted Q2 FY27: ₹3.43

Segment-wise Performance:

The Company is predominantly in the business of providing asset management services to SBI Mutual Fund, Alternative Investment Funds and portfolio management and advisory services to clients. The primary segment is identified as asset management services. There is no separate reportable segment as per Ind AS 108.

Corporate Actions:

  • Dividend: Not declared in this meeting
  • Board Appointment: Approval of Postal Ballot Notice for seeking approval of members for appointment of Mr. Giridhar Sanjeevi as Independent Director

Other Significant Information:

  • IPO Completion: Company completed Initial Public Offering by way of Offer For Sale and listed on NSE and BSE on July 21, 2026
  • Bonus Shares: Company allotted bonus shares on December 19, 2025 in proportion of 3 bonus shares for every 1 fully paid up equity share
  • ESOPs: During H1 FY26, company granted 205,000 ESOPs (Tranche-IX) at fair value of ₹1,490.20 each and issued 623,269 shares on exercise of ESOPs
  • Tax Reassessment: During H1 FY26, company reversed income tax provision for earlier periods amounting to ₹309.79 million

Entities in Consolidation:

1. SBI Funds Management Limited (Holding Company)

2. SBI Funds International (IFSC) Limited (Wholly Owned Subsidiary)

3. SBI Funds Management (International) Private Limited (Wholly Owned Subsidiary)

4. SBI Funds Management Limited Employee Welfare Trust (Controlled Trust)

5. SBI Pension Funds Private Limited (Associate Company)

Auditor Information:

  • Gokhale & Sathe LLP (formerly known as Gokhale & Sathe)
  • Firm converted from partnership to LLP with effect from August 27, 2026
  • Limited review conducted under SRE 2410