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Informist, Monday, Apr. 27, 2026

 

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--Canara Robeco AMC Q4 net profit INR 413.6 mln vs INR 417.29 mln yr ago 
--Canara Robeco AMC Q4 revenue INR 1.14 bln vs INR 1.01 bln year ago 
--Canara Robeco AMC to pay INR 2.50 per share dividend 
--Canara Robeco AMC FY26 PAT INR 2.04 bln vs INR 1.91 bln year ago 
--Canara Robeco AMC FY26 revenue INR 4.25 bln vs INR 3.65 bln year ago

 

By Shumaila Firoz 

 

MUMBAI – Canara Robeco Asset Management Co. Ltd. reported almost no change in its net profit for the March quarter from the year-ago period on the back of a rise in the company's total expenses, which outpaced the rise in its total income. 

 

The asset management company's net profit fell nearly 1% on year to INR 414 million for the March quarter. Sequentially, the bottom line fell nearly 22%. The asset management company saw a strong rise in its top line, up nearly 13% on year and up over 4% sequentially to INR 1.14 billion. Prabhudas Lilladher Capital had expected revenue of INR 1.03 billion, down over 6% on the quarter. 

 

Total expenses for the company rose over 7% on year to INR 456 million but were down over 10% sequentially. Total income for the reporting quarter was INR 1.04 billion, up nearly 3% on year but down nearly 15% on the quarter.

 

The company's board declared a dividend of INR 2.50 per share for the financial year 2025-26 (Apr-Mar). The board also approved the re-appointment of Ravindran Menon as an independent director for a second term of three years starting Oct. 20.

 

For FY26, the asset manager's net profit rose nearly 7% on year to INR 2.04 billion. Its revenue grew nearly 17% on year to INR 4.25 billion for FY26. The company announced its quarterly earnings post-market hours. Shares of the company ended at INR 279.91 on the National Stock Exchanges, up over 2% from the previous close.  End 

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Akul Nishant Akhoury

 

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