Canara Robeco AMC shares tank 11% after revenue, profit drop in Q2; margins take a hit
Published on 28/10/2025 09:24 AM
Canara Robeco AMC shares tank 11% after revenue, profit drop in Q2; margins take a hitShares of Canara Robeco Asset Management Company Limited ended at ₹350.55, up by ₹13.70, or 4.07%, on the BSE.By Jomy Jos Pullokaran October 28, 2025, 9:24:32 AM IST (Updated)2 Min Read(Photo Credit : CNBC-Tv18 Library)Shares of Canara Robeco Asset Management Company Ltd. fell as much as 11% on Tuesday, October 28, in response to its quarterly results, that were reported after market hours on Monday.
Revenue for the quarter declined by 11% on a sequential basis to ₹107.7 crore, while its Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) fell by 17% from June to ₹17%.
EBITDA margin for the quarter declined by 440 basis points to 63% from 68% in June. Net profit for the period declined by 20% sequentially due to higher expenses.
The company announced plans to launch two new schemes — Canara Robeco Innovation Fund and Canara Robeco Banking and Financial Services Fund — subject to approval from the Securities and Exchange Board of India (SEBI) or any other regulator, if required, and depending on favourable market conditions.
Incorporated in 1993, Canara Robeco AMC evolved from Canbank Mutual Fund, which was founded in 1987. The company is a joint venture between Canara Bank and Orix Corporation Europe N.V. The partnership between the two entities was formed in 2007.
Also Read: Canara Robeco Asset Management IPO fully subscribed on final day
At the end of the June quarter, the company's total Assets Under Management (AUM) stood at ₹1.17 lakh crore, while revenue at the end of the quarter stood at ₹121.3 crore, with a net profit of ₹61 crore.
Shares of Canara Robeco AMC are trading 10.5% lower in early trading on Tuesday at ₹313.95.
Also Read: Canara Robeco AMC confident of sustaining 30% growth momentum post-listing
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