SBI Funds Management H1 FY27: operating revenue up 12% to ₹23,361 mn, MF QAAUM ₹13,140 bn at 15.0% market share
H1 FY27 operating revenue up 12% to ₹23,361 mn, operating profit up 11% to ₹17,972 mn; PAT down 1% to ₹15,663 mn.
By ScoutQuest · · 1 min read
- H1 FY27 operating revenue
- up 12% to ₹23,361 mn
- H1 FY27 operating profit
- up 11% to ₹17,972 mn
- H1 FY27 PAT
- down 1% to ₹15,663 mn
- Period
- Quarter and half year ended September 30, 2026
- Positioning
- The company describes itself as India's largest AMC by MF QAAUM (₹13,140 bn, 15.0% share) and the largest passive asset manager (27.4% share), a joint venture between SBI and Amundi.
📉 For H1 FY27 revenue from operations rose 12% YoY to ₹23,361 mn and operating profit 11% to ₹17,972 mn, while profit after tax slipped 1% to ₹15,663 mn; the company attributes the PAT decline to exceptional other income in the prior period, with other income falling to ₹2,788 mn from ₹4,320 mn. Q2 PAT was ₹6,935 mn, down 6%.
🌍 MF QAAUM stood at ₹13,140 bn, up 10% YoY, a 15.0% market share; passive QAAUM was ₹4,154 bn (up 11%), active MF QAAUM ₹8,986 bn (up 9%), and SIF QAAUM ₹44 bn with a 16% share. Return on net worth is shown at 46.81%.
🏭 The presentation lists four growth engines: deeper retail penetration in B-30 via the SBI network, digital expansion through InvesTap and YONO, broader products across passive, PMS, AIF and SIF, and international growth leveraging Amundi and GIFT City.
🏭 Management says its technology base, including a data centre with 3-5 years of capacity headroom and a hybrid Azure cloud, supports higher volumes. Total expenses rose 16% in H1 FY27, with employee costs up 21% in Q2.
Also from SBI Funds Management
Audio recording of SBI Funds Management Q2/H1 FY2026-27 earnings call held October 23, 2026 made available
23 Oct 2026
Board approves Q2 and H1 results, postal ballot for independent director, promoter group reclassification
23 Oct 2026
Investor presentation and press release on Q2 and H1 FY27 results
23 Oct 2026
More numbers
- Revenue from operations, H1 FY2723,361 (Rs. in millions)
- Operating profit, H1 FY2717,972 (Rs. in millions)
- Profit for the period, H1 FY2715,663 (Rs. in millions)
- Profit for the period, Q2 FY276,935 (Rs. in millions)
- Total income, H1 FY2726,149 (Rs. in millions)
- MF QAAUM, Sep 2026₹13,140 bn
- MF QAAUM market share15.0%
- Passive QAAUM market share27.4%
- Active MF QAAUM, Sep-268,986 (₹ billion)
- SIF QAAUM₹ 44 bn
- Return on Net Worth, Sep-2646.81%
- Operating margin (excluding passives)0.37%
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