Earnings call transcript: Canara Robeco posts strong Q2 2027 profit growth
Canara Robeco Asset Management Company reported a strong Q2 2027 profit growth, with earnings per share increasing by 21% compared to the same period last year. Revenue from operations rose by 17% to INR 121.6 crores, while profit after tax climbed 21% to INR 59.2 crores. Assets under management stood at INR 1.17 lakh crores, with systematic investment plan (SIP) assets reaching INR 41,000 crores, accounting for approximately 34% of total assets.
Despite a volatile market, the company maintained a balanced financial health score of 3.16. Management announced plans for at least two new product launches before March 31, 2027. The stock rose 1.48% to $223.2, trading near the lower end of its 52-week range. Analysts noted the company's strong domestic flows and resilience in the mutual fund industry, as well as the potential impact of product concentration and market volatility on future growth.
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