Earnings call transcript: SBI Funds posts solid H1 2027 growth as costs rise
SBI Funds reported robust first-half growth for FY2027, with operating revenue up 12% year-over-year and profit after tax at INR 1,566 crore. The company maintained a 15% share of the industry's average assets under management, with total quarterly average AUM reaching INR 13.14 trillion. Costs rose due to hiring, technology spending, and alternative asset investments, but the management anticipates some moderation.
The stock fell 1.76% to $463.4, near the lower end of its 52-week range. Despite global pressures like higher crude prices, firm U.S. yields, and a stronger dollar, SBI Funds' core franchise remained strong. The company reported a 10% increase in active AUM to INR 8.99 trillion and an 11% rise in passive AUM to INR 4.15 trillion.
Liquid AUM grew 31% year-over-year to INR 1.2 trillion, and SIP AUM increased 15% to INR 2.07 lakh crore. Unique customer base expanded 10% to 1.85 crore.
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