Canara Robeco Asset Management Company LimitedQuarter ended September 30, 2026 Results & Financial Update
Canara Robeco Asset Management Company Limited: Quarter ended September 30, 2026 standalone results and company financials – revenue ₹121.59 Cr, PAT ₹59.19 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Canara Robeco Asset Management Company Quarter ended September 30, 2026 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Canara Robeco Asset Management Company delivered steady top-line growth during the second quarter of fiscal year 2027, driven by expansion in operational revenue from asset management services.
Revenue from operations grew year-on-year, reflecting continued fee generation from mutual fund schemes under management, although total income moderated sequentially due to fluctuations in fair value gains on investments.
Profit after tax for the quarter grew robustly over the same period last year, underpinned by core operating profitability and disciplined expense management.
Sequential moderation in net profit compared to the immediate preceding quarter was influenced by lower other income and fair value changes recorded on financial investments.
Total expenses for the quarter rose moderately year-on-year, driven primarily by employee benefit expenses and operational costs associated with expanding distribution and branch reach.
The board of directors declared an interim dividend of ₹2.00 per equity share of face value ₹10 for the financial year 2026-27, maintaining a consistent capital return policy for shareholders.
The company's asset under management metrics reflect a stable base, with equity-oriented schemes continuing to form the dominant share of total quarterly average assets under management.
01 · Business model
What does Canara Robeco Asset Management Company do?
Canara Robeco Asset Management Company Limited is engaged in the business of providing asset management services to the schemes of Canara Robeco Mutual Fund and advisory services to institutional and retail clients.
The company offers a comprehensive range of investment products spanning equity, debt, and hybrid asset classes tailored to diverse risk profiles and financial goals.
Jointly promoted by Canara Bank and ORIX Corporation Europe N.V., the firm leverages a multi-channel distribution network comprising banks, national distributors, independent mutual fund distributors, and direct digital channels.
With a pan-India operational footprint, the company manages assets distributed across urban and emerging Beyond Top-30 (B-30) locations, catering predominantly to an individual retail investor base.
02 · Historical context
What shaped the business before this quarter
The company has built a legacy of over three decades operating within the Indian mutual fund industry since its establishment.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended September 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹121.59 Cr | ₹103.92 Cr | ₹116.20 Cr |
| Total income | ₹128.14 Cr | ₹108.01 Cr | ₹145.84 Cr |
| Profit before tax | ₹79.90 Cr | ₹66.05 Cr | ₹99.35 Cr |
| Profit after tax | ₹59.19 Cr | ₹48.71 Cr | ₹75.60 Cr |
| EPS | ₹2.97 | ₹2.44 | ₹3.79 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 48.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 65.7% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹6.55 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove margins
Employee benefit expenses rose to ₹29.45 crore for the quarter, reflecting team support for expanding branch and distribution networks.
Other expenses stood at ₹15.99 crore, covering administrative, technological, and communication overheads required to support digital and physical client touchpoints.
05 · Demand, customers & order book
Where demand is coming from
Individual investors form the core of the investor base, contributing 86.28% of monthly average AUM, backed by a total folio count of 5.01 million.
The company maintained 1.96 million outstanding SIP accounts, with SIP monthly contributions standing at ₹6.76 billion for September 2026 and SIP month-end AUM at ₹411.19 billion.
Monthly average AUM distribution across channels comprised Mutual Fund Distributors at 31.70%, National Distributors at 29.23%, Direct channel at 28.00%, and Banks at 11.06%.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single primary business segment consisting of asset management services and advisory services, with no separate reportable segments under Ind AS 108.
Geography and market mix
The company operates through 29 branches across India, supporting distribution partners across top cities and Beyond Top-30 (B-30) locations.
Monthly average AUM from Beyond Top-30 locations accounted for 23.59% of total MAAUM as of September 30, 2026.
07 · Strategy & new businesses
How the company is trying to change its growth mix
The company continued to scale its digital platforms, reporting an increase in user engagement rate to 73.3% and average engagement time to 1 minute 17 seconds in H1 FY27.
08 · Reported developments
What changed operationally
Profit after tax for the quarter reached ₹59.19 crore, registering a 48.71% increase compared to ₹39.80 crore in Q2 FY25 (reported as ₹48.71 crore vs ₹32.74 crore restated/comparable basis).
The board declared an interim dividend of ₹2.00 per share (20% of face value of ₹10) for financial year 2026-27, with record date set for October 16, 2026.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
For the half year ended September 30, 2026, net cash generated from operating activities stood at ₹104.08 crore, up from ₹72.05 crore in the corresponding previous period.
Cash outflow for financing activities during the half year included a final dividend payment of ₹49.85 crore for the financial year 2025-26.
Capital allocation & funding
The company reported lease liabilities of ₹25.43 crore and finance costs of ₹0.66 crore for the quarter, with no conventional external debt funding reported.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Statutory Auditor Review
Statutory auditors Borkar & Muzumdar issued an unmodified review opinion on the financial results for the quarter and half year ended September 30, 2026.
11 · Previous-quarter changes
What changed since the previous quarter
Total income moderated from ₹145.84 crore in Q1 FY27 to ₹128.14 crore in Q2 FY27 due to lower fair value gains on investments.
12 · Key Q&A
The quarter, answered directly
What does Canara Robeco Asset Management Company do?
Canara Robeco Asset Management Company Limited is engaged in the business of providing asset management services to the schemes of Canara Robeco Mutual Fund and advisory services to institutional and retail clients.
What is the clearest takeaway from Quarter ended September 30, 2026?
Canara Robeco Asset Management Company delivered steady top-line growth during the second quarter of fiscal year 2027, driven by expansion in operational revenue from asset management services.
What drove revenue or demand?
Individual investors form the core of the investor base, contributing 86.28% of monthly average AUM, backed by a total folio count of 5.01 million.
What mattered most for margins or profitability?
Employee benefit expenses rose to ₹29.45 crore for the quarter, reflecting team support for expanding branch and distribution networks.
What changed operationally beyond the headline numbers?
The company continued to scale its digital platforms, reporting an increase in user engagement rate to 73.3% and average engagement time to 1 minute 17 seconds in H1 FY27.
What should the next disclosure help confirm?
Payment of the declared interim dividend of ₹2.00 per share within 30 days from the declaration date following the October 16, 2026 record date.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Interim Dividend Payment: Payment of the declared interim dividend of ₹2.00 per share within 30 days from the declaration date following the October 16, 2026 record date.
- 02
AUM and SIP Trajectory: Tracking equity-oriented QAAUM trends, SIP contribution flows, and B-30 expansion progress in subsequent quarters.
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