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

Executive summary

• Achieved robust AUM growth, closing at INR 1.2 lakh crore (INR 1,199 billion) as of Dec 31, 2025, up 12% year-over-year, with over 5.07 million folios and 55,191 distributors.

• Maintained a strong equity-to-debt mix (90% equity, 10% debt) and a broad investor base, with 87% individual and 13% institutional investors.

• Expanded distribution network to 29 branches and over 55,191 partners, focusing on B30 cities and digital adoption.

• Listed on NSE and BSE following a successful IPO in October 2025.

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

Financial highlights

• Total revenue for nine months FY26 reached INR 310.7 crore (INR 3,508 million), up 18% year-over-year; Q3 FY26 total income rose 26% year-over-year to INR 1,215 million.

• Profit after tax for nine months FY26 stood at INR 162.4 crore (INR 1,624 million), up 9% year-over-year; Q3 FY26 PAT was INR 528 million.

• Cost-to-income ratio maintained around 38-40%; Q3 FY26 PBT margin at 58%, nine months FY26 PBT margin at 62%.

• Yield on equity AUM at 35-36 bps, fixed income at 28-29 bps, and overall yield at 33-34 bps.

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

Outlook and guidance

• Confident in maintaining 20%+ AUM growth target over the medium term, despite recent market volatility.

• Focused on SIP growth, B30 expansion, selective product launches, and distributor engagement to drive future growth.

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

• Payout policy to gradually move towards distributing 40-50% of PAT, balancing shareholder returns and balance sheet strength.

• Monitoring regulatory changes and budget outcomes for potential impacts on expenses and profitability.