Canara Robeco Approves Financial Results, Recommends Dividend, and Naps Auditors
Canara Robeco Asset Management Company Limited announced several key corporate actions following its Board of Directors meeting held on April 27, 2026. The Board approved the audited financial statements and results for the quarter and year ended March 31, 2026. The company also recommended a dividend and approved key appointments, including its Statutory Auditors and the re-appointment of an Independent Director.The Board recommended a dividend of ₹ 2.50 per Equity Share of ₹ 10/- each for the financial year ended March 31, 2026, pending approval from the shareholders at the forthcoming Annual General Meeting.
Regarding statutory appointments, the Board approved the appointment of M/s Borkar & Muzumdar, Chartered Accountants, as the Statutory Auditors for a term of three consecutive years. This term extends from the conclusion of the 33rd Annual General Meeting to the conclusion of the 36th Annual General Meeting, subject to shareholder approval.
Furthermore, the company approved the re-appointment of Mr. Ravindran Menon (DIN: 00016302) as an Independent Director. Mr. Menon’s re-appointment covers a second term of three consecutive years, running from October 20, 2026, to October 19, 2029, also subject to shareholder approval.
Financial Performance Metrics
The company released comprehensive Key Performance Indicators (KPIs) detailing its financial and operational metrics over the past four fiscal years.The financial metrics show a steady year-over-year growth trend:
| Particulars | Fiscal ended March 31, 2026 | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|---|
| Revenue from operations (₹ in billions) | 4.25 | 3.65 | 2.70 | 1.91 |
| Revenue yield (%) | 0.36% | 0.35% | 0.35% | 0.34% |
| Operating margin (%) | 0.24% | 0.26% | 0.26% | 0.19% |
| Total expense (%) | 0.15% | 0.14% | 0.16% | 0.17% |
| Profit before tax (₹ in billions) | 2.75 | 2.58 | 1.95 | 1.07 |
| Profit after tax (₹ in billions) | 2.04 | 1.91 | 1.51 | 0.79 |
| PAT yield (%) | 0.17% | 0.18% | 0.20% | 0.17% |
| Return on Net Worth (%) | 30.29% | 36.17% | 38.57% | 26.30% |
Key Operational KPIs
Operational metrics provided additional insights into the company’s asset management activities:| Particulars | March 31, 2026 | March 31, 2025 | March 31, 2024 | March 31, 2023 |
|---|---|---|---|---|
| Mutual fund QAAUM (₹ in billions) | 1,174.83 | 1,033.44 | 870.70 | 624.85 |
| 13-30 MAAUM (₹ in billions) | 262.20 | 243.14 | 201.98 | 133.88 |
| 13-30 MAAUM / Total MAAUM (%) | 23.15% | 23.86% | 22.93% | 21.56% |
| MAAUM through Direct Plans / Total MAAUM (%) | 28.09% | 26.37% | 23.76% | 21.96% |
| Equity-oriented QAAUM (₹ in billions) | 1,069.16 | 947.57 | 798.11 | 552.53 |
| Equity-oriented QAAUM / Mutual fund QAAUM (%) | 91.01% | 91.69% | 91.66% | 88.43% |
| Number of outstanding SIP accounts (in millions) | 2.04 | 2.37 | 2.29 | 2.32 |
| SIP Monthly Contribution (₹ in billions) | 7.27 | 7.51 | 7.64 | 8.13 |
| SIP Month end AUM (₹ in billions) | 359.07 | 335.04 | 266.73 | 153.78 |
| Number of distributors/distribution partners | 56,231 | 50,935 | 43,666 | 36,574 |
| Number of branches | 29 | 23 | 23 | 22 |
| folio count (in millions) | 5.08 | 5.02 | 4.71 | 4.31 |
Note: The audit report confirmed an unmodified opinion on the Financial Results for the year ended March 31, 2026.
CRAMC Stock Price Movement
Today, Canara Robeco Asset Management Company Limited shares edged higher to close at ₹279.91, gaining 2.43%. The stock finished the day on strong buying interest, accompanied by a volume of 344,308 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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