Canara Robeco Asset Management share price crashed 10 per cent to ₹315.90 apiece on Tuesday after the company reported weak September quarter results on Monday.
The stock has delivered moderate returns of over 6 per cent in a month and nearly 5 per cent in six months.
Canara Robeco Asset Management Q2 results 2025
The company’s revenue for the quarter dropped 11 per cent sequentially to ₹107.7 crore, while its Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) declined 17 per cent from the June quarter to ₹17 crore.
The EBITDA margin narrowed by 440 basis points, falling to 63 per cent from 68 per cent in June. Net profit also slipped 20 per cent quarter-on-quarter, primarily due to higher expenses.
Profit before tax dipped 0.3 per cent year-on-year to ₹6,605.22 lakh and was down 17.3 per cent sequentially. Profit after tax declined 2.7 per cent YoY to ₹4,871.33 lakh and slipped 20.1 per cent QoQ.
Total comprehensive income came in at ₹4,828.46 lakh, marking a 3% year-on-year decrease. Earnings per share (EPS) dropped to ₹2.44 from ₹2.51 in the same period last year.
Additionally, the company announced plans to introduce two new schemes — the Canara Robeco Innovation Fund and the Canara Robeco Banking and Financial Services Fund — pending approvals from SEBI or other relevant regulators, and subject to favourable market conditions.
By the end of the September quarter, the company’s total Assets Under Management (AUM) reached ₹1.17 lakh crore, while it reported revenue of ₹121.3 crore and a net profit of ₹61 crore for the period.
Established in 1993, Canara Robeco AMC traces its roots to Canbank Mutual Fund, set up in 1987. It operates as a joint venture between Canara Bank and Orix Corporation Europe N.V., a collaboration that was initiated in 2007.
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