
Shares of Canara Robeco Asset Management Company witnessed a sharp decline of 11% on October 28, 2025, after reporting a significant drop in its Q2 FY26 financials. The asset manager saw revenue, net profit and margins take a hit sequentially, prompting a negative reaction on the stock exchanges.
Canara Robeco AMC reported revenue of ₹107.7 crore in Q2 FY26, a decline of 11% compared to the ₹121.3 crore reported in Q1 FY26. Net profit dropped 20% sequentially due to mounting operational costs. EBITDA stood at 17%, falling from the previous quarter. The EBITDA margin shrank by 440 basis points, sliding from 68% in June to 63% this quarter.
Following the Q2 FY26 results, Canara Robeco AMC shares opened significantly lower and fell by 11% to trade at ₹313.95 on the Bombay Stock Exchange. However, they later recovered during the session, reflecting high intraday volatility.
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Despite weak financial performance, the company announced plans to introduce two new fund schemes: the Canara Robeco Innovation Fund and the Canara Robeco Banking and Financial Services Fund. Launches will be subject to approvals from SEBI or applicable authorities, and contingent on conducive market conditions.
Formed in 1993, Canara Robeco AMC is a joint venture between Canara Bank and Orix Corporation Europe N.V. It evolved from Canbank Mutual Fund, initially established in 1987. As of June 2025, the AMC's Assets Under Management stood at ₹1,17,000 crore.
On October 28, 2025, Canara Robeco Asset Management Company share price opened at ₹319.00 on NSE, below the previous close of ₹350.60. During the day, it surged to ₹329.80 and dipped to ₹311.00. The stock is trading at ₹319.95 as of 10:00 AM. The stock registered a decline of 8.74%.
Canara Robeco AMC's Q2 FY26 performance highlighted challenges in maintaining profitability amidst rising expenses. The steep dip in both revenue and net profit led to strong repercussions in its stock value. The company's focus now seems to be on new scheme launches and long-term portfolio expansion.
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Published on: Oct 28, 2025, 12:57 PM IST

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