SBI Funds Management reports strong performance in its first quarterly results after listing. Multiple outlets report a sharp increase in profit, with NDTV stating that profit jumps 39% year-on-year and that the quarter is the company’s first earnings after listing. NDTV also says total income rises 27% quarter-on-quarter to ₹1,390 crore, up from ₹1,093 crore, supported by growth in the asset management business. Business Line highlights that revenue from operations increases 15% to ₹1,153 crore from ₹1,001 crore. Taken together, the reports indicate broad-based growth across operating revenue and overall income in the quarter. The company’s results are framed as reflecting healthy momentum in its asset management activities, leading to improved profitability.
SBI Funds Management Q1 profit rises 39% on higher income
SBI Funds Management reports strong performance in its first quarterly results after listing. Multiple outlets report a sharp increase in profit, with NDTV stating that profit jumps 39% year-on-year a...
- SBI Funds Management reports a 39% rise in profit in Q1, described as its first earnings after listing.
- Total income increases 27% quarter-on-quarter to ₹1,390 crore from ₹1,093 crore.
- Revenue from operations rises 15% to ₹1,153 crore from ₹1,001 crore.
- Growth is linked to expansion in the company’s asset management business.
Revenue from operations increased 15% to ₹1,153 crore (₹1,001 crore)
3 hours agoTotal income rose 27% quarter-on-quarter to Rs 1,390 crore from Rs 1,093 crore, reflecting healthy growth in the company's asset management business.
5 hours ago
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