Canara Robeco Asset Management Company Limited (CRAMC)
₹226.74 +1.47% last close, 16 Oct
Q2 FY27 results
Canara Robeco Asset Management Company Limited reported Q2 FY27 results on 9 Oct 2026: revenue ₹122 Cr (+12.6% year on year, +4.6% on the previous quarter), and net profit ₹59.2 Cr (+20.8% year on year); the operating margin was 62.6%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹122 | +12.6% | +4.6% |
| Operating profit | ₹76.1 | +12.0% | +4.6% |
| Net profit | ₹59.2 | +20.8% | -21.7% |
| EPS (₹) | 2.97 | +21.7% | -21.6% |
| Operating margin | 62.6% | — | — |
Quality of profit: of pre-tax profit of ₹79.9 Cr, ₹73.3 Cr (92%) came from the core business and the rest from other income and one-off items. Core profit (operating profit less interest and depreciation) moved +11.1% year on year.
Share price since the results: +3.1% (close before the filing to the latest close).
CRAMC delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 51.07% of the CRAMC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 55.07%. That is close to its usual level.
Delivery in the last 5 sessions: 25.9% · 46.1% · 53.4% · 53.4% · 51.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Canara Robeco AMC released its Q2 and H1 FY27 earnings call transcript following results. For Q2 FY27, revenue from operations grew 17% YoY to ₹121.6 crore, while PAT rose 21% YoY to ₹59.2 crore. Closing AUM stood at ₹1.17 lakh crore as of September 30, 2026, with individual investors contributing over 86% of total AUM. The board declared an interim dividend of ₹2 per equity share (20% of ₹10 face value).
- Q2 FY27 revenue from operations grew 17% YoY to ₹121.6 crore, and PAT increased 21% YoY to ₹59.2 crore
- Closing AUM as of September 30, 2026 stood at ₹1.17 lakh crore with 50.1 lakh investor folios
- Monthly SIP contributions reached ₹676 crore across 19.6 lakh active SIP accounts in September 2026
- Board declared an interim dividend of ₹2 per share for FY27
- Beyond-top-30 (B-30) cities accounted for ₹28,944 crore or 23.6% of total AUM
Canara Robeco AMC reported a 17% YoY growth in revenue from operations to ₹121.6 crore (₹1,216 Mn) for Q2 FY27, up 5% sequentially. Profit After Tax (PAT) grew 22% YoY to ₹59.2 crore (₹592 Mn), though it declined 22% QoQ compared to Q1 FY27. For H1 FY27, PAT rose 23% YoY to ₹134.8 crore on revenue of ₹237.8 crore. Quarterly Average AUM (QAAUM) increased 4% YoY to ₹1,244 billion, primarily led by equity-oriented assets which reached ₹1,132 billion.
- Q2 FY27 Revenue from operations rose 17% YoY and 5% QoQ to ₹1,216 Mn
- Q2 FY27 PAT grew 22% YoY to ₹592 Mn, but declined 22% QoQ from ₹756 Mn in Q1 FY27
- Total AUM stood at ₹1,167 billion (down 1% YoY), while QAAUM increased 4% YoY to ₹1,244 billion
- Equity-oriented QAAUM grew 5% YoY to ₹1,132 billion, representing the bulk of the asset base
- H1 FY27 PAT stood at ₹1,348 Mn, up 23% YoY from ₹1,097 Mn in H1 FY26
Canara Robeco AMC released its Q2 & H1 FY27 investor presentation, reporting a 22% YoY growth in Q2 PAT to ₹592 million (₹59.2 crore) compared to ₹487 million in Q2 FY26. Revenue from operations increased 17% YoY to ₹1,216 million, though operating PAT dipped 22% QoQ primarily due to higher fair value gains recorded in Q1. Total closing AUM stood at ₹1,167 billion as of September 30, 2026, with Equity closing AUM at ₹1,084 billion. Additionally, an interim dividend of ₹2.00 per share was declared on October 9, 2026.
- Revenue from operations grew 17% YoY to ₹1,216 million in Q2 FY27 from ₹1,040 million in Q2 FY26
- Profit after tax grew 22% YoY to ₹592 million in Q2 FY27, though fell 22% QoQ from ₹756 million
- Core AMC operating profit rose 18% YoY to ₹733 million in Q2 FY27
- Total Closing AUM stood at ₹1,167 billion as of September 30, 2026, with Equity AUM at ₹1,084 billion
- Board approved an interim dividend of ₹2.00 per share (face value ₹10) on October 9, 2026
Canara Robeco Asset Management Company reported a 21.5% YoY rise in Profit After Tax to ₹59.19 crore for Q2 FY27 (quarter ended Sep 30, 2026), compared to ₹48.71 crore in Q2 FY26, though PAT fell 21.7% QoQ due to lower other income. Revenue from operations increased 17.0% YoY to ₹121.59 crore. The Board declared an interim dividend of ₹2.00 per share (20% of face value) with a record date of October 16, 2026. Mutual fund QAAUM rose to ₹1,244.04 billion, with equity-oriented assets comprising 90.99% of total QAAUM.
- Q2 FY27 revenue from operations grew 17.0% YoY to ₹121.59 crore (₹12,158.89 lakhs)
- PAT rose 21.5% YoY to ₹59.19 crore (₹5,918.63 lakhs), but declined from ₹75.60 crore in Q1 FY27
- Declared an interim dividend of ₹2.00 per equity share with record date fixed as October 16, 2026
- Mutual fund QAAUM reached ₹1,244.04 billion, with equity-oriented QAAUM at ₹1,131.96 billion (90.99%)
- Individual investors accounted for 86.28% of MAAUM, with B-30 locations contributing 23.59%
Canara Robeco Asset Management Company reported a 21.5% YoY rise in Profit After Tax to ₹59.19 crore for Q2 FY27 (quarter ended Sep 30, 2026), compared to ₹48.71 crore in Q2 FY26, though PAT fell 21.7% QoQ due to lower other income. Revenue from operations increased 17.0% YoY to ₹121.59 crore. The Board declared an interim dividend of ₹2.00 per share (20% of face value) with a record date of October 16, 2026. Mutual fund QAAUM rose to ₹1,244.04 billion, with equity-oriented assets comprising 90.99% of total QAAUM.
- Q2 FY27 revenue from operations grew 17.0% YoY to ₹121.59 crore (₹12,158.89 lakhs)
- PAT rose 21.5% YoY to ₹59.19 crore (₹5,918.63 lakhs), but declined from ₹75.60 crore in Q1 FY27
- Declared an interim dividend of ₹2.00 per equity share with record date fixed as October 16, 2026
- Mutual fund QAAUM reached ₹1,244.04 billion, with equity-oriented QAAUM at ₹1,131.96 billion (90.99%)
- Individual investors accounted for 86.28% of MAAUM, with B-30 locations contributing 23.59%
Canara Robeco Asset Management Company reported a 21.5% YoY rise in Profit After Tax to ₹59.19 crore for Q2 FY27 (quarter ended Sep 30, 2026), compared to ₹48.71 crore in Q2 FY26, though PAT fell 21.7% QoQ due to lower other income. Revenue from operations increased 17.0% YoY to ₹121.59 crore. The Board declared an interim dividend of ₹2.00 per share (20% of face value) with a record date of October 16, 2026. Mutual fund QAAUM rose to ₹1,244.04 billion, with equity-oriented assets comprising 90.99% of total QAAUM.
- Q2 FY27 revenue from operations grew 17.0% YoY to ₹121.59 crore (₹12,158.89 lakhs)
- PAT rose 21.5% YoY to ₹59.19 crore (₹5,918.63 lakhs), but declined from ₹75.60 crore in Q1 FY27
- Declared an interim dividend of ₹2.00 per equity share with record date fixed as October 16, 2026
- Mutual fund QAAUM reached ₹1,244.04 billion, with equity-oriented QAAUM at ₹1,131.96 billion (90.99%)
- Individual investors accounted for 86.28% of MAAUM, with B-30 locations contributing 23.59%
Canara Robeco Asset Management Company reported a 21.5% YoY rise in Profit After Tax to ₹59.19 crore for Q2 FY27 (quarter ended Sep 30, 2026), compared to ₹48.71 crore in Q2 FY26, though PAT fell 21.7% QoQ due to lower other income. Revenue from operations increased 17.0% YoY to ₹121.59 crore. The Board declared an interim dividend of ₹2.00 per share (20% of face value) with a record date of October 16, 2026. Mutual fund QAAUM rose to ₹1,244.04 billion, with equity-oriented assets comprising 90.99% of total QAAUM.
- Q2 FY27 revenue from operations grew 17.0% YoY to ₹121.59 crore (₹12,158.89 lakhs)
- PAT rose 21.5% YoY to ₹59.19 crore (₹5,918.63 lakhs), but declined from ₹75.60 crore in Q1 FY27
- Declared an interim dividend of ₹2.00 per equity share with record date fixed as October 16, 2026
- Mutual fund QAAUM reached ₹1,244.04 billion, with equity-oriented QAAUM at ₹1,131.96 billion (90.99%)
- Individual investors accounted for 86.28% of MAAUM, with B-30 locations contributing 23.59%
Canara Robeco Asset Management Company Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate was issued by its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, dated October 3, 2026. It confirms that securities received for dematerialisation during the quarter were processed, verified, and cancelled within prescribed regulatory timelines. This is a standard quarterly procedural disclosure with no operational or financial impact.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026
- Filing executed and submitted to BSE and NSE on October 6, 2026
Canara Robeco Asset Management Company has updated its upcoming board meeting agenda scheduled for October 9, 2026. In addition to considering Q2 and H1 FY27 unaudited financial results, the board will now also consider the declaration of an interim dividend for FY 2026-27 and fix the record date. The company previously reported a net profit of ₹75.60 crore on revenue of ₹116.20 crore in Q1 FY27. Trading window closure remains effective from October 1, 2026, until 48 hours after the declaration of financial results.
- Board meeting scheduled for Friday, October 9, 2026
- Agenda expanded to consider declaration of Interim Dividend for FY 2026-27 and fix the Record Date
- Meeting will also review and approve Q2 and H1 FY27 financial results
- Trading window closed from Thursday, October 1, 2026, until 2 days post result declaration
Canara Robeco Asset Management Company Limited has announced that it will host an earnings conference call on Monday, October 12, 2026, at 11:00 AM IST. The call will discuss the unaudited financial results for the quarter and half-year ended September 30, 2026. The meeting will be attended by senior management including MD & CEO Rajnish Narula and CFO Ashwin Purohit.
- Earnings call scheduled for Monday, October 12, 2026, at 11:00 AM IST
- Call covers unaudited financial results for Q2 and H1 ended September 30, 2026
- Management representation includes MD & CEO Rajnish Narula, CFO Ashwin Purohit, and CBO Gaurav Goyal
Canara Robeco Asset Management Company (CRAMC) has announced its participation in the India Corporate Day in Singapore on August 18, 2026, hosted by Axis Capital. The management will interact with institutional investors and analysts to discuss the business, though no unpublished price-sensitive information will be shared. This comes as the company manages an AUM of ₹1,17,600 crore (as of Sep '25) and targets a 20% growth rate through retail expansion and new product launches. Investors should note the company's high retail/HNI concentration, which accounts for 85.78% of its MAAUM.
- Investor meeting scheduled for August 18, 2026, in Singapore hosted by Axis Capital.
- Company manages ₹1,176 billion in AUM with a 12.07% YoY growth in QAAUM.
- Retail and HNI investors contribute ₹1,013 billion (85.78%) of the total MAAUM.
- B-30 cities already contribute ₹288 billion to the company's MAAUM.
- Management is targeting a 20% growth rate and plans to launch 2 new NFOs in FY26.
Canara Robeco AMC reported a strong start to FY27 with Profit After Tax (PAT) rising 24% YoY to ₹75 Cr. Revenue from operations grew 20% to ₹116.20 Cr, supported by a closing AUM of approximately ₹1.2 lakh crore. The company maintains a high-margin asset mix with 91% in equity and a strong retail focus, as individual investors contribute 86% of total AUM. Management guided for a stable cost-to-income ratio between 38-42% and equity yields in the 36-40 bps range.
- Profit After Tax (PAT) increased 24% YoY to ₹75 Cr for the quarter ended June 30, 2026
- Revenue from operations grew 20% YoY to ₹116.20 Cr from ₹97 Cr in the previous year
- Equity assets constitute 91% of the total ~₹1.2 lakh crore AUM, supporting higher yields
- Individual investors (Retail + HNI) account for 86% of the AUM, indicating low institutional concentration
- Distribution network expanded to over 56,890 empaneled partners to drive B-30 city penetration
Canara Robeco Asset Management Company (CRAMC) concluded its 33rd AGM on July 23, 2026, with shareholders approving all resolutions including a final dividend of ₹2.50 per share. This brings the total dividend for FY26 to ₹4.00 per share, following a ₹1.50 interim dividend. Management addressed a one-time procedural lapse regarding SEBI insider trading regulations during the listing transition, which has now been rectified. The company continues to target a 20% growth rate, leveraging its ₹1,17,600 Cr AUM and strong retail presence.
- Approved a final dividend of ₹2.50 per equity share of ₹10 each for FY 2025-26
- Total dividend for the year stands at ₹4.00 per share including the ₹1.50 interim dividend
- Reported AUM of ₹1,17,600 Cr as of September 2025 with 12.07% YoY growth in QAAUM
- 80 members attended the meeting conducted via Video Conferencing
- Disclosed a one-time procedural lapse in SEBI insider trading compliance during the listing transition phase
Canara Robeco Asset Management Company (CRAMC) has made the audio recording of its Q1FY2027 earnings call available to the public following the meeting held on July 22, 2026. The call discussed the unaudited financial results for the quarter ended June 30, 2026. As of the latest available data, the company manages INR 1,176 billion in AUM with a strong retail/HNI focus representing 85.78% of its MAAUM. This filing is a procedural requirement under SEBI (LODR) Regulations, 2015.
- Earnings call conducted on July 22, 2026, to discuss Q1FY2027 unaudited results
- Company manages a total AUM of INR 1,176 billion as per latest reported figures
- Retail and HNI investors account for 85.78% of the MAAUM (INR 1,013 billion)
- B-30 cities contribute INR 288 billion to the total MAAUM
- Management previously targeted a 20% growth rate through multi-channel distribution
Canara Robeco AMC (CRAMC) reported a strong Q1 FY27 with Profit After Tax (PAT) rising 24% YoY to ₹756 Mn. Revenue from operations grew 20% YoY to ₹1,162 Mn, supported by a 7% YoY growth in Equity-oriented Quarterly Average AUM (QAAUM) which now stands at ₹1,081 billion. The company maintains a high-quality retail-centric profile, with individual investors contributing 86% of the asset mix and B30 cities accounting for 24% of monthly average AUM. Sequential performance was also robust, with PAT surging 83% QoQ from a lower base in Q4 FY26.
- Revenue from operations increased 20% YoY to ₹1,162 Mn in Q1 FY27
- Profit After Tax (PAT) grew 24% YoY to ₹756 Mn, with a significant 83% sequential jump
- Equity-oriented QAAUM reached ₹1,081 billion, representing approximately 91% of total QAAUM
- Total folio count reached 5.05 million as of June 30, 2026
- Distribution network expanded to 56,819 partners across 29 branches
Financial Performance
Revenue Growth by Segment
Total revenue for H1 FY26 reached INR 229.3 Cr, an 11% YoY increase from INR 206.4 Cr. Operating income grew 20.1% YoY to INR 200.9 Cr. Advisory revenues remained flattish on a sequential basis, while the core mutual fund business drove the majority of the 10.9% growth in revenue from operations (INR 228.7 Cr).
Geographic Revenue Split
B-30 (Beyond Top 30 cities) MAAUM stood at INR 28.8 Cr as of September 2025, representing 23.7% of total MAAUM, up from INR 26.1 Cr in September 2024. T-30 cities contribute the remaining 76.3% of the asset base.
Profitability Margins
Operating margins are maintained in the range of 58% to 59%. Profit After Tax (PAT) for H1 FY26 was INR 109.7 Cr, a 9% YoY increase from INR 101.1 Cr, resulting in a net profit margin of approximately 47.8%.
EBITDA Margin
Operating profit increased 22.6% YoY to INR 117.5 Cr in H1 FY26 from INR 95.9 Cr. Operating profit margin for Q2 FY26 stood at approximately 59.6% (INR 62 Cr on INR 104 Cr operating income), reflecting strong operating leverage.
Capital Expenditure
Not disclosed in available documents; however, the company focuses on technology-enabled investor servicing and digital platform expansion to drive internal efficiencies.
Credit Rating & Borrowing
The company maintains a strong balance sheet with total equity of INR 679 Cr as of September 30, 2025. Finance costs are minimal at INR 1 Cr for H1 FY26, suggesting negligible external debt.
Operational Drivers
Raw Materials
As an AMC, the primary 'inputs' are Human Capital (Employee Benefits) representing 22.1% of total income (INR 50.6 Cr in H1 FY26) and Distribution Commissions/Fees paid to partners.
Import Sources
Not applicable for the asset management industry; talent and distribution are sourced domestically across India.
Key Suppliers
Primary distribution partners include Canara Bank (contributing ~10% of AUM) and a network of 53,955 panel partners including MFDs and national distributors.
Capacity Expansion
Current Assets Under Management (AUM) is INR 117,600 Cr (INR 1,176 billion) as of Sep '25, up 6.42% YoY. The company aims to scale this by targeting 20%+ growth through its 27-branch network and digital ecosystem.
Raw Material Costs
Employee benefit expenses grew 19.3% YoY to INR 50.6 Cr in H1 FY26. Operating expenses are projected to grow in the 12% to 15% range annually to support scale.
Manufacturing Efficiency
Operating leverage allows fund managers to manage INR 1,000 Cr or INR 10,000 Cr with the same cost structure, meaning incremental revenue flows directly to PAT.
Logistics & Distribution
Distribution is handled via 53,955 panel partners and digital platforms. Direct plans account for 28.12% of MAAUM, reducing third-party distribution costs for those assets.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth will be achieved through a multi-channel distribution strategy, expanding the retail footprint in B-30 cities, launching 2 new NFOs in FY26, and leveraging digital platforms. The company is also evaluating new business lines including AIFs, SIFs, GIFT City, and Passive funds.
Products & Services
Mutual fund schemes (Equity, Debt, Hybrid), Systematic Investment Plans (SIP), Systematic Transfer Plans (STP), and Portfolio Management/Advisory services.
Brand Portfolio
Canara Robeco
New Products/Services
Two NFOs planned for the current year; focus remains on active equity management while exploring passive and thematic categories.
Market Expansion
Expansion of retail footprint across India, specifically targeting B-30 cities which already contribute INR 288 billion in MAAUM.
Market Share & Ranking
Not explicitly ranked, but manages INR 1,176 billion in AUM with a 12.07% YoY growth in QAAUM.
Strategic Alliances
Joint venture between Canara Bank and Robeco (part of ORIX Corporation).
External Factors
Industry Trends
The industry is shifting toward digital distribution and systematic investing. SIP monthly contributions for CRAMC reached INR 768 Cr in Sep '25. Regulatory pressure on TER (Total Expense Ratio) is a key evolving trend.
Competitive Landscape
Competes with 44 other AMCs, including 5 listed peers. Competition is based on fund performance, brand trust, and distributor payouts.
Competitive Moat
Moat is built on the 'Canara Robeco' brand heritage, a strong 10-year performance track record, and a massive distribution reach of 53,955 partners. Operating leverage provides a cost-based moat against smaller entrants.
Macro Economic Sensitivity
Highly sensitive to equity market performance as 90% of QAAUM (INR 1,078 billion) is in equity schemes; market downturns directly reduce AUM and fee income.
Consumer Behavior
Increasing preference for systematic investments (SIPs) and digital onboarding; folios grew to 5.09 million in Sep '25.
Geopolitical Risks
Indirect impact through global market volatility affecting Indian equity valuations and investor sentiment.
Regulatory & Governance
Industry Regulations
Subject to SEBI Mutual Fund Regulations. Key focus on the SEBI consultation paper regarding the removal of 5 bps additional expenses and the implementation of telescopic pricing.
Taxation Policy Impact
Effective tax rate of approximately 24.8% (INR 36.2 Cr tax on INR 145.9 Cr PBT in H1 FY26).
Legal Contingencies
Not disclosed in the provided financial summaries or concalls.
Risk Analysis
Key Uncertainties
Regulatory changes to fee structures (potential 5 bps impact), market volatility affecting equity AUM (90% of total), and the impact of ESOP costs on short-term P&L.
Geographic Concentration Risk
76.3% of MAAUM is concentrated in T-30 cities, though B-30 reach is expanding (up 10% YoY).
Third Party Dependencies
High dependency on the distribution fraternity; 71.88% of MAAUM comes through distributor channels rather than direct plans.
Technology Obsolescence Risk
Mitigated by continuous investment in digital platforms to serve investors seamlessly across geographies.
Credit & Counterparty Risk
Low risk; investment book is restricted by the board to money market, liquid, and overnight funds.
