Canara Robeco Asset Management Company Ltd.PAT ₹59.2 Cr +21%

Canara Robeco Asset Management Company reported Q2 FY27 revenue from operations of ₹121.6 crore, up 17% year-on-year, and total income of ₹128.1 crore, up 19%.

Profit after tax was ₹59.2 crore, up 21%, and H1 PAT was ₹134.8 crore, up 23% on revenue of ₹237.8 crore. Closing assets under management were ₹1.17 lakh crore, with the quarterly average up 4% year-on-year and equity about 91% of the total. Revenue yield was 37 to 38 basis points, within the 35 to 40 basis point range management is comfortable with, and the board declared an interim dividend of ₹2 per share. SIP contributions were ₹676 crore in September across 19.6 lakh active accounts, though analysts pressed on a shrinking SIP book and the company does not disclose net flows.

Management said it will launch at least a couple of products before March 2027, including an equity fund, and is weighing passives, SIFs, AIFs or a GIFT City business. It attributed the soft SIP numbers to a tax-law change for tax saver funds, maturities and volatility.