Canara Robeco Asset Management Company (CRAMC) Q3 25/26 earnings summary

Executive summary

• Achieved AUM of INR 1.2 lakh crore (INR 1,199 billion) as of Dec 31, 2025, up 12% year-over-year, with over 5.07 million investor folios and 55,191 distributors; listed on NSE and BSE after IPO in October 2025.

• Over 21 lakh active SIP accounts and monthly SIP/STP inflows of INR 755 crore, with B30 AUM at INR 289 crore, reflecting strong retail participation and reach in emerging markets.

• Unaudited standalone financial results for the quarter and nine months ended December 31, 2025, were approved, with auditors issuing an unmodified opinion.

• Appointment of a new Chairman and grant of 1,455,109 ESOPs under the 2025 scheme to identified employees.

Financial highlights

• Total income for Q3 FY26 rose 26% year-over-year to INR 1,215 million; PAT up 10% to INR 528 million; nine months FY26 total income increased 16% year-over-year to INR 3,508 million, with PAT at INR 1,624 million.

• Revenue from operations for the quarter was ₹10,977.01 lakhs, up from ₹9,599.98 lakhs year-over-year; profit after tax for the quarter was ₹5,324.02 lakhs, compared to ₹4,785.76 lakhs last year.

• Adjusted for a one-time employee benefit expense (INR 10.15 crore), adjusted PBT was INR 226.5 crore, up 14% year-over-year.

• Basic and diluted EPS for the quarter were ₹2.65, up from ₹2.40 year-over-year.

• Employee benefits included a one-time expense for new labour code and employee recognition.

Outlook and guidance

• Confident of maintaining 20% AUM growth target, focusing on SIPs, B30 expansion, new product launches, and distributor partnerships.

• Digital engagement initiatives led to a 164% increase in user sessions and a 35.5% rise in engagement rate year-over-year.

• Cost-to-income ratio targeted around 40%; payout policy to gradually move to 40-50% of PAT as business grows.

• Monitoring regulatory changes (expense ratio, labor code) and calibrating costs accordingly.