SBI Funds Management (SBIFUNDS) Q4 24/25 earnings summary

Executive summary

• FY25 profit after tax was ₹2,531 crore, up 23% YoY; assets under management across investment vehicles reached ₹26.20 lakh crore at March 31, 2025.

• Investor reach expanded with 62 lakh+ new investors and a digital-first ₹250 SIP entry option; the mutual fund business retained its industry-leading average AUM rank for a fifth consecutive year.

Financial highlights

• Standalone FY25 total income was ₹4,23,217 lakh vs ₹3,42,517 lakh in FY24; PAT was ₹2,53,146 lakh vs ₹2,06,295 lakh.

• Consolidated FY25 total income was ₹4,23,615 lakh vs ₹3,42,608 lakh; PAT was ₹2,54,015 lakh vs ₹2,07,278 lakh.

• Standalone revenue from operations rose to ₹4,05,088 lakh from ₹3,26,541 lakh; asset management fees were ₹3,58,510 lakh and net fair-value gains ₹46,578 lakh.

• Standalone operating cash flow was ₹2,00,579 lakh vs ₹1,43,488 lakh; investing activities used ₹93,681 lakh and financing activities used ₹1,11,800 lakh.

Outlook and guidance

• FY25 Indian real GDP growth was estimated at 6.5%; Q3 FY25 growth recovered to 6.2% YoY from 5.6% in Q2.

• FY26 nominal GDP growth was projected at 8–9% vs 9–10% in FY25, with CPI expected to average below 4%; growth-supportive monetary conditions and a modest consumption revival were anticipated.

• Equity markets were expected to remain volatile amid tariff and growth uncertainty; preference was for quality businesses with durable earnings visibility and sustainable cash flows.

• Bond-market easing was supported by ₹8.9 trillion of cumulative durable liquidity injection since Dec. 2024; further rate easing was expected to be shallow, with surplus liquidity supporting transmission.