Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Canara Robeco Q2 FY27 slides: profit surges 22% amid AUM pressures

Canara Robeco Q2 FY27 slides: profit surges 22% amid AUM pressures

In the second quarter of fiscal year 2027, Canara Robeco Asset Management Company reported a 22% increase in profit after tax to ₹592 million, despite mixed asset trends and revenue growth of only 17%. The company's shares traded at $221.87, up 0.87% from the previous close. While the stock remains 37% below its 52-week high of $353.40, the presentation highlights the company's ability to maintain profitability amidst market volatility.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at investing.com →

More in Finance & Markets

More from Monday 12 October →