SFSBI Funds Management544829Quarterly results

Board approves Q2 and H1 results, postal ballot for independent director, promoter group reclassification

Board meeting on October 23, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026, which were subject to limited review by the statutory auditors.

By ScoutQuest · Fri 23 Oct 2026, 6:08 PM IST · 3 min read

Quarter revenue from operations

11,873.97 (₹ million)

Quarter net profit

6,935.41 (₹ million)

Basic EPS for the quarter

3.40

Results for the quarter and half year

The Board approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. These results have been subject to limited review by the statutory auditors, and the auditors' report says nothing came to their attention to suggest the statement contains a material misstatement.

• Revenue from operations for the quarter was 11,873.97, against 11,486.75 in the previous quarter and 10,912.68 in the same quarter a year earlier (figures as printed, in ₹ million).
• Other income fell to 426.66 from 2,362.68 in the previous quarter, so total income was 12,300.63, lower than 13,849.43 in the previous quarter.
• Total expenses were 2,971.31, against 2,418.68 in the previous quarter.
• Net profit for the quarter was 6,935.41, compared with 8,728.06 in the previous quarter and 7,407.82 a year earlier.
• For the half year, revenue from operations was 23,360.72 and net profit 15,663.47, against 20,886.64 and 15,858.02 in the same half a year earlier.
• Basic earnings per share was 3.40 for the quarter and 7.69 for the half year, not annualised.

One of the notes explains that in the half year ended September 30, 2025 the company had reassessed its income tax position and reversed an income tax provision for earlier periods amounting to Rs.309.79 millions. That reversal sat in the year-earlier numbers.

Balance sheet and other notes

• Total assets were 82,266.00 as at September 30, 2026, against 63,568.57 as at March 31, 2026, and investments were 72,698.06 against 56,605.53 (₹ million).
• Paid-up equity share capital was 2,036.83, with face value of ₹ 1 per share.
• During the half year ended September 30, 2025, the company granted 2,05,000 ESOPs (Tranche-IX) at a fair value of Rs.1,490.20 each and issued 6,23,269 shares on exercise of ESOPs.

Postal ballot for an independent director

The Board approved the Postal Ballot Notice seeking members' approval for the appointment of Mr. Giridhar Sanjeevi as an Independent Director of the company. The cut-off date and the remote e-voting period are to be intimated later. In simple terms, shareholders will be asked to vote by post or electronically on this appointment rather than at a general meeting.

Promoter group reclassification

The Board considered two requests

• State Bank of India, a promoter, asked for Indian Digital Payment Intelligence Corporation, an entity in the promoter group, to be reclassified from the 'Promoter Group' category to the 'Public' category.
• Amundi Asset Management, a promoter, asked for the removal or reclassification of AIXIGO TR YAZILIM LIMITED SIRKETI, an entity in the promoter group, following its voluntary winding up or dissolution.

The Board noted that both requests are compliant with the conditions in Regulation 31A (3)(b) of the SEBI Listing Regulations, and instructed the company to seek no-objection from the concerned regulatory authorities, including the stock exchanges and SEBI, where required. It was also noted that since these entities hold no shares in the company, the reclassification does not require shareholders' approval.

What this means in plain terms

• The 'promoter group' is the promoter plus related entities clubbed with it. Moving an entity out of that category changes how the company's ownership structure is classified on paper.
• Because these two entities hold no shares in the company, the change does not alter the number of shares held by the promoter group or the public; the approval process moves to the regulators.
• The results are interim (three months and six months of the financial year) and have been reviewed, not audited.

The announcement also records that the Board meeting began at 03:26 p.m. (IST) and concluded at 05:03 p.m. (IST), and the company states it completed its initial public offering by way of an offer for sale of equity shares and was listed on the National Stock Exchange and the Bombay Stock Exchange on 21-07-2026.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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