SBI Funds Management shares drop 2% after first earnings since IPO; net profit up 3% to Rs 873 crore
SBI Funds Management's net profit rose 3% to Rs 873 crore in its first earnings report since IPO. The company's revenue from operations increased 15.2% to Rs 1,146 crore, with assets under management growing 11% to Rs 12.6 trillion. Despite the positive earnings, the company's shares dropped 2% following the announcement.
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