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 Consolidated Balance Sheet (Rs in Lakhs)

Particulars	31-03-2025	31-03-2024
Financial Assets
Cash & Cash equivalents	1,545.83	368.44
Bank balance other than above	7,689.16	5471.69
Trade Receivables	12,255.64	10769.59
Loans	25.09	24.16
Investments	8,05,428.11	664542.06
Investments accounted for using equity method	5,717.49	4,255.43
Other Financial assets	900.05	803.50
Non-Financial Assets
Current tax assets	432.31	102
Property, plant and equipment	26,392.47	25100.12
Capital work in progress	10,996.47	-
Other intangible assets	343.43	593.06
Other non-financial assets	5,406.79	2914.3
Total assets	8,77,132.94	710688.92
Financial Liabilities
Total outstanding dues of micro and small enterprises	247.44	54.29
Total outstanding dues of creditors other than micro and small enterprises	1,777	1908.43
Other financial liabilities	15,490.36	12949.02
Non-Financial liabilities
Provisions	15,727.39	13019.8
Deferred tax liabilities	13,971.65	7429.67
Other non-financial liabilities	165.94	552.97
Equity
Equity share capital	5,078.61	5058.23
Other equity	8,24,674.45	669716.51
Total equity and liabilities	8,77,132.84	7,10,688.92

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

Particulars	31-03-2025	31-03-2024
Revenue from operations
Asset management fees	3,59,775.64	269055.92
Net gain on fair value changes	46,556.50	58262.39
Total revenue from operations	4,06,332.14	327318.31
Other income	17,282.78	15289.58
Total income	4,23,614.92	342607.89
Expenses
Finance cost	860.28	771.06
Scheme expenses	6,067.36	4960.62
Employee benefits expenses	42,107.78	36838.76
Depreciation and amortization expense	3,943.71	3699.63
Other expense	34,201.80	28975.91
Total expense	87,180.93	75245.98
Profit/ loss before tax	3,36,433.99	267361.91
Share of profit/ loss of associates	1,462.06	1248.47
Current tax	77,049.39	55074.08
Deferred tax	6,831.34	6257.95
Profit/ loss for the period	2,54,015.32	207278.35
Other comprehensive income
Re-measurements of the defined benefit plans	-1,250.22	-81.05
Deferred tax on above	314.65	20.40
Foreign currency translation	63.62	3.45
Total comprehensive income for the period	2,53,143.37	207221.15
Earnings per equity share
Basic	50.07	41.1
Diluted	49.94	40.9

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

Particulars	31-03-2025	31-03-2024
Cash flow from operating activities
Net profit before tax	3,36,433.99	2,67,361.91
Adjustments for :
Depreciation and amortization	3,943.71	3,699.63
Finance cost	860.28	771.06
Employee stock option expense	2,873.16	2787.81
Profit/ loss on sale of property, plant, equipment	-5.86	-13.31
Exchange fluctuations	99.62	3.45
Fair valuations of investment	-39,111.76	-53877.87
Gain on sale/ redemption of investments	-7,444.74	-4384.52
Interest income on investments	-16,085.29	-14432.48
Distribution income from AIF	-366.96	-244.22
Distribution income from InVIT	-346.50	-
Dividend from mutual fund	-	-27.09
Other interest income	-0.51	-0.87
Dividend income	-1.61	-1.61
Operating profit before working capital changes	2,80,847.53	201641.89
Decrease/ increase in other bank balance	-2,217.47	-2563.59
Decrease/ increase in trade receivables	-1,486.05	-5114.29
Decrease/ increase in other financial assets	-96.55	40.37
Decrease/ increase in other non-financial assets	-2,492.49	-617.73
Decrease/ increase in trade payables	61.72	447.09
Decrease/ increase in other financial liabilities	948.49	1305.95
Decrease/ increase in provisions	1,457.37	1893.03
Decrease/ increase in other non-financial liabilities	-387.03	-216.31
Net cash generated from operations	2,76,635.52	196816.41
Income taxes paid net of refund if any	-77,379.77	-52973.69
Net cash generated from operating activities	1,99,255.75	143842.72
Cash flow from investing activities
Purchase of intangible assets	-30.17	-231.37
Purchase of tangible assets	-11,887.73	-852.93
Purchase of investments	-3,26,683.47	-315328.3
Proceeds from sale of investments	2,30,483.32	173843.74
Loan to staff	-0.93	8.31
Other interest income	0.51	0.87
Dividend received on investments	1.61	28
Income from AIF & InVIT	713.46	244.22
Interest income on investments	13,683.48	11798.43
Net cash used in investing activities	93,719.92	-130489.03
Cash flow from financing activities
Proceeds from issuance of share capital	9,259.90	10074.97
Adjustment in relation to shares held by EWT	1,405.14	-67.70
Principal element of lease payments	-2,439.94	-2189.26
Interest element of lease payments	-860.28	-771.06
Interim dividend paid	-1,11,723.26	-20,232.90
Net cash used in financing activities	1,04,358.44	-13185.95
Net increase in cash and cash equivalents	1,177.39	167.74
Cash and cash equivalents at the beginning of the year	368.44	200.70
Cash and cash equivalents at the end of the year	1,545.83	368.44
Cash and cash equivalent compromising of:
Cash	0.43	0.28
Balance with banks in current accounts	1,545.40	368.16
Total	1,545.83	368.44

Summary of cash flow for the years 2025 and 2024:

Cash Flow from Operating Activities

The company reported a net profit before tax of ₹33,643.40 lakhs in FY25, higher than ₹26,736.19 lakhs in FY24, showing strong profit growth. After adjustments like depreciation (₹394.37 lakhs), finance cost (₹86.03 lakhs), and employee stock option expense (₹287.32 lakhs), profits were reduced by gains on investments, interest income, and dividends. Even after these, the operating profit before working capital changes stood at ₹28,084.75 lakhs in FY25, compared to ₹20,164.19 lakhs in FY24.

Working capital changes were relatively stable, with slight increases in receivables and non-financial assets but some support from provisions and liabilities. Finally, after tax payments of ₹7,737.98 lakhs (vs. ₹5,297.37 lakhs in FY24), the net cash from operations rose to ₹19,925.58 lakhs in FY25, up from ₹14,384.27 lakhs. This reflects strong cash generation from the core business, which is a positive sign.

Cash Flow from Investing Activities

The company invested heavily in tangible assets (₹1,188.77 lakhs) compared to just ₹85.29 lakhs in FY24, showing expansion. Investment purchases were also very high at ₹32,668.35 lakhs, but this was offset by large sales/redemptions of ₹23,048.33 lakhs. Importantly, the company earned solid returns through interest income (₹1,368.35 lakhs) and AIF/InvIT income (₹71.35 lakhs).

As a result, unlike FY24 where investing led to a cash outflow of ₹13,048.90 lakhs, in FY25 the company reported a net cash inflow of ₹9,371.99 lakhs, mainly because of higher redemption of investments. This shows efficient portfolio management.

Cash Flow from Financing Activities

On the financing side, the company raised ₹925.99 lakhs from issuing share capital and got ₹140.51 lakhs from employee welfare trust adjustments. However, major cash outflows included lease payments (₹243.99 lakhs principal + ₹86.03 lakhs interest) and a huge interim dividend of ₹11,172.33 lakhs compared to just ₹2,023.29 lakhs last year.

Thus, FY25 saw a big outflow due to dividend, but still the net cash used in financing activities was ₹10,435.84 lakhs, versus only ₹1,318.59 lakhs in FY24.

Net Cash Position

Overall, the company ended with a net increase in cash of ₹117.74 lakhs in FY25, slightly higher than the ₹16.77 lakhs increase in FY24. Closing cash and bank balances rose to ₹154.58 lakhs in FY25 from ₹36.84 lakhs in FY24, showing improved liquidity.