Canara Robeco Asset Management Company (CRAMC) Q2 25/26 earnings summary

Executive summary

• Achieved resilient performance with AUM growing 6.42% year-over-year to INR 1.18 lakh crore (INR 1,176 billion) as of September 2025, driven by consistent inflows, expanding digital capabilities, and a strong retail base of over 5.09 million folios.

• First analyst call post-listing, highlighting a legacy of over three decades and a strong position in India's mutual fund industry.

• Unaudited standalone financial results for the quarter and half year ended September 30, 2025, were approved, with auditors issuing an unmodified opinion.

• Enhanced digital adoption and multi-channel engagement improved investor accessibility and operational efficiency.

Financial highlights

• H1 FY26 total income was INR 2,293 million (₹22,934.74 lakhs), up 11.1% year-over-year; PAT for H1 FY26 stood at INR 1,097 million (₹10,968.97 lakhs), up 8.5% year-over-year.

• Q2 FY26 total income was INR 1,080 million (₹10,800.88 lakhs), up 3.3% year-over-year; Q2 FY26 PAT was INR 487 million (₹4,871.33 lakhs), down 2.8% year-over-year.

• Operating profit for H1 FY26 rose to INR 1,175 million, up 22.6% year-over-year, with operating margins in the range of 58%-59%.

• Basic and diluted EPS for H1 FY26 stood at ₹5.50, compared to ₹5.07 for the same period last year.

• Total equity increased to INR 6,790 million as of September 2025.

Outlook and guidance

• Internal growth aspiration set at 20% annually, subject to market conditions.

• Two new NFOs—Innovation Fund and Banking & Financial Services Fund—are planned, pending regulatory approval and market conditions.

• Focus remains on sustainable growth through prudent fund management, technology-enabled investor servicing, and expanding the retail footprint.

• Operating expenses expected to be in the 12%-15% range for the year; cost-to-income ratio targeted between 30%-40%.