SBI AMC Annual Report

SBI Funds Management Limited (SBI AMC) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
SBI Funds Management Limited

SBI Funds Management Limited Balance Sheet (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Assets
Cash & Cash equivalents	368.44	200.7
Bank balance other than above	5471.69	2908.1
Trade Receivables	10769.59	5655.3
Loans	24.16	32.47
Investments	664542.06	460912.58
Other Financial assets	803.5	843.17
Current tax assets	102	2202.39
Property, plant and equipment	25100.12	22728.61
Intangible assets under development		187.9
Other intangible assets	593.06	420.11
Other non-financial assets	2914.3	2296.57
Total assets	710688.92	498387.9
Equity and liabilities
Liabilities
Total outstanding dues of micro enterprises and small enterprises	54.29	4.83
Total outstanding dues of creditors other than micro and small enterprises	1908.43	1510.8
Other financial liabilities	12949.02	8873.75
Provisions	13019.8	11045.72
Deferred tax liabilities	7429.67	1045.04
Other non-financial liabilities	552.97	769.28
Equity
Equity share capital	5058.23	5032.14
Other equity	669716.51	470106.34
Total equity and liabilities	710688.92	498387.9

SBI Funds Management Limited Profit & Loss Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Revenue from operations
Asset management fees	269055.92	216158.59
Net gain on fair value changes	58262.39	14169.72
Total revenue from operations	327318.31	230328.31
Other income	15289.58	10929.1
Total income	342607.89	241257.41
Expenses
Finance cost	771.06	525.46
Scheme expenses	4960.62	3012.8
Employee benefits expenses	36838.76	32614.17
Depreciation and amortization expense	3699.63	3383.65
Other expense	28975.91	24634.62
Total expense	75245.98	64170.7
Profit/ loss before tax	267361.91	177086.71
Share of profit/ loss of associates	1248.47	1070.11
Current tax	55074.08	43865.99
Deferred tax	6257.95	319.41
Profit/ loss for the period	207278.35	133971.42
Other comprehensive income
Remeasurements of the defined benefit plans	-81.05	-3.38
Deferred tax on above	20.4	0.85
Foreign currency translation	3.45	28.9
Total comprehensive income for the period	207221.15	133997.79
Earnings per equity share
Basic	41.1	26.62
Diluted	40.9	26.5

SBI Funds Management Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Particulars	31-03-2024	31-03-2023
Cash flow from operating activities
Net profit before tax	26736191	177086.71
Adjustments for :
Depreciation and amortization	369963	3383.65
Finance cost	771.06	525.46
Employee stock option expenses	2787.81	2897.49
Profit/ loss on sale of property, plant, equipment	-13.31	-9.72
Exchange fluctuations	3.45	28.9
Fair valuations of investment	-53877.87	-6018.26
Gain on sale/ redemption of investments	-4384.52	-8151.46
Interest income on investments	-14432.48	-9727.17
Distribution income from AIF	-244.22	-219.96
Dividend from mutual fund	-27.09
Other interest income	-0.87	-1.37
Dividend income	-1.61	-1.61
Operating profit before working capital changes	201641.89	159792.66
Decrease/ increase in other bank balance	-2563.59	-36.11
Decrease/ increase in trade receivables	-5114.29	-835.69
Decrease/ increase in other financial assets	40.37	4885.51
Decrease/ increase in other non financial assets	-617.73	-892.17
Decrease/ increase in trade payables	447.09	-136.82
Decrease/ increase in other financial liabilities	1305.95	-246.41
Decrease/ increase in provisions	1893.03	797.94
Decrease/ increase in other non-financial liabilities	-216.31	314.69
Net cash generated from operations	196816.41	163643.6
Income taxes paid net of refund if any	-52973.69	-43715.78
Net cash generated from operating activities	143842.72	119927.82
Cash flow from investing activities
Purchase of intangible assets	-231.37	-263.21
Purchase of tangible assets	-852.93	-901.85
Purchase of investments	-315328.3	-424005.49
Proceeds from sale of investments	173843.74	321234.3
Loan to staff	8.31	20.33
Other interest income	0.87	1.37
Dividend received on investments	28	1.61
Income from AIF	244.22	219.96
Interest income on investments	11798.43	6353.75
Net cash used in investing activities	-130489.03	-97339.23
Cash flow from financing activities
Proceeds from issuance of share capital	10074.97	1360.02
Adjustment in relation to shares held by EWT	-67.7	-4150.6
Principal element of lease payments	-2189.26	-1870.43
Interim dividend paid	-771.06	-525.46
Final dividend paid	-20232.9	-17612.49
Net cash used in financing activities	-13185.95	-22798.96
Net increase in cash and cash equivalents	167.74	-210.37
Cash and cash equivalents at the beginning of the year	200.7	411.07
Cash and cash equivalents at the end of the year	368.44	200.7
Cash and cash equivalent compromising of:
Cash	0.28	0.41
Balance with banks in current accounts	368.16	200.29
Total	368.44	200.7

Here is the analysis of cash flow for year March 2023 and 2022:

Operating Activities:

Net Cash from Operating Activities: For the year ending March 31, 2024, the company generated net cash of ₹143,842.72 compared to ₹119,927.82 in the previous year. This increase primarily resulted from higher operating profit before working capital changes, which rose from ₹159,792.66 to ₹201,641.89. The increase in operating profit was influenced by adjustments like depreciation, finance costs, employee stock option expenses, and gains on the sale/redemption of investments, which collectively contributed positively to cash flow.

Working Capital Changes: Significant changes in working capital components also affected cash flow. Notably, there was a decrease in trade receivables, other financial assets, and provisions, which provided cash inflows. However, increases in other bank balances, trade payables, and other financial liabilities offset some of these gains, resulting in a net positive impact on operating cash flow.

Income Taxes Paid: The net cash impact of income taxes paid increased from ₹43,715.78 to ₹52,973.69, reducing the net cash from operating activities.

Investing Activities:

Net Cash Used in Investing Activities: The company invested significantly less in fiscal 2024 compared to the previous year, with a net cash outflow of ₹130,489.03, improving from ₹97,339.23 in fiscal 2023. This reduction was primarily due to decreased purchases of tangible assets and investments, along with higher proceeds from the sale of investments and increased interest income on investments. These factors contributed to the improved cash position from investing activities.

Financing Activities:

Net Cash Used in Financing Activities: There was a decrease in cash used in financing activities from ₹22,798.96 in fiscal 2023 to ₹13,185.95 in fiscal 2024. This reduction was driven by lower dividend payments (both interim and final) and adjustments related to shares held by Employee Welfare Trust (EWT). Additionally, proceeds from the issuance of share capital increased, which also positively impacted cash flow from financing activities.

Cash and Cash Equivalents:

Net Increase in Cash: The company experienced a net increase in cash and cash equivalents of ₹167.74 during fiscal 2024, compared to a decrease of ₹210.37 in fiscal 2023. This improvement reflects the combined positive impacts of operating and financing activities.

Cash and Cash Equivalents Position: The ending cash and cash equivalents for fiscal 2024 totaled ₹368.44, up from ₹200.70 in fiscal 2023. This increase is attributed to the net cash inflows generated from operating and financing activities during the year.

Dividend History

Particulars	2024	2023
Dividend Per Share (Rs)	-	-
Retained Earnings(In lakhs)	633684.61	446409.43

SBI Funds Management Limited Recent Financial Performance:

Dividend per Share: The specific dividend per share figure for March 2024 and 2023 is not provided; Dividend per share represents the portion of a company 's earnings that is distributed to shareholders in the form of dividends. A higher dividend per share may indicate that the company is sharing more of its profits with shareholders.

Retained Earnings: Retained earnings for 2024 amounted to Rs. 633684.61 Lakhs, while in 2023, they were Rs. 446409.43 Lakhs. Retained earnings represent the portion of a company 's profits that is reinvested in the business rather than distributed as dividends. An increase in retained earnings suggests that the company has retained more of its profits for reinvestment or future growth.

To provide a more comprehensive analysis, it would be necessary to consider additional financial metrics such as revenue, net profit, assets, liabilities, and cash flows. Additionally, an analysis of trends over multiple years and a comparison to industry benchmarks and competitors would help in assessing the company 's financial health and performance.

SBI AMC Annual Report, Balance Sheet & Financials

SBI Funds Management Limited (SBI AMC) Return Comparision with Primex 40 Index

SBI Funds Management Limited Balance Sheet (Rs in Lakhs)

SBI Funds Management Limited Profit & Loss Statement (Rs in Lakhs)

SBI Funds Management Limited Consolidated Cash Flow Statement (Rs in Lakhs)

Dividend History

SBI Funds Management Annual Report 2023-24

SBI Funds Management Annual Report 2022-23

SBI AMC Annual Report 2021-22

SBI AMC Research Report

2022-23

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