Shares of Canara Robeco Asset Management Company Ltd. plunged 9.81% to ₹316.20 on Tuesday, October 28, after the company posted disappointing quarterly results for the period ended September 2025 (Q2 FY26). The stock hit an intraday low of ₹311.10 on the NSE.
The asset manager’s revenue for the quarter fell 11% sequentially to ₹107.7 crore, while EBITDA dropped 17% compared to the June quarter. The EBITDA margin contracted by 440 basis points to 63% from 68%, reflecting pressure from rising costs.
Net profit for the quarter also saw a 20% sequential decline, mainly due to higher operating expenses. The company’s performance came below street expectations, leading to a sharp sell-off in early trade.
Canara Robeco AMC also announced its plans to launch two new funds — the Canara Robeco Innovation Fund and the Canara Robeco Banking and Financial Services Fund — subject to regulatory approval and market conditions.
Incorporated in 1993, Canara Robeco AMC is a joint venture between Canara Bank and Orix Corporation Europe N.V., formed in 2007 after evolving from Canbank Mutual Fund. As of the end of June 2025, the company’s Assets Under Management (AUM) stood at ₹1.17 lakh crore, with revenue of ₹121.3 crore and net profit of ₹61 crore for that quarter.
At current levels, Canara Robeco AMC commands a market capitalization of ₹6,989 crore, with a P/E ratio of 32.45.
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