Quarterly Results ArchiveLast updated 9 September 20261 min read

SBI Funds Q1 Revenue Jumps 15%, Profit Growth Slows to 3.7%

The asset manager posted strong top-line growth, but profit expansion was more subdued, leading to a contraction in net profit margin.

By Anant Kacholia, HexaWealth Research · Created 9 September 2026

SBI Funds Management reported a 15.2% year-on-year revenue increase for Q1 FY27. However, profit growth of 3.7% lagged significantly behind, indicating margin pressure.

SBI Funds Management delivered a quarter of mixed signals. While revenue surged by a healthy 15.2%, profit growth was far more modest at 3.7%, highlighting a squeeze on profitability. This performance sets the tone for the asset manager's new fiscal year, with top-line momentum tempered by cost pressures.

The latest quarterly figures show revenue rising to ₹1,152.73 crore from ₹1,000.94 crore a year ago. Profit after tax (PAT) increased to ₹880.25 crore from ₹848.84 crore over the same period. The divergence between revenue and profit growth resulted in a net profit margin of 76.4% for Q1 FY27, down from the 84.8% implied by the prior-year figures.

Revenue (₹ Cr)

Profit (₹ Cr)

Metric	CurrentQ1 FY27	Same quarter LYQ1 FY26
Period	Quarter ended June 2026	Quarter ended June 2025
Revenue (₹ Cr)	1,152.73YoY +15%	1,000.94
Profit (₹ Cr)	880.25YoY +3.7%	848.84
Net Profit Margin (%)	76.4	–

Key Points

Strong Annual Base: The company's full-year FY26 performance was robust, with revenue of ₹4,389.49 crore and a net profit margin of 69.9%.
Exceptional Financial Health: SBI Funds maintains a pristine balance sheet with zero debt and exceptionally high returns on equity (43.34%) and capital employed (56.5%).
Healthy Dividend: The stock offers a trailing dividend yield of 14.32%, supported by strong earnings.

The quarter's results suggest the company is successfully growing its asset management business, but managing costs will be key to translating that growth more effectively to the bottom line in the coming quarters.

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