Canara Robeco Asset Management Company Ltd delivered robust financial results for the second quarter, with net profit rising 21.5% year-on-year to ₹59.2 crore compared to ₹48.7 crore in the corresponding period last year. According to reports from CNBC TV18, the company's revenue increased 18.6% to ₹128 crore from ₹108 crore in the year-ago quarter, demonstrating strong operational performance across key metrics. The results were announced on Friday, October 9, 2026, showcasing the company's continued growth trajectory in the asset management sector.
The asset management company announced an interim dividend of ₹2 per equity share with a face value of ₹10 each for the financial year 2026-27. As reported by CNBC TV18, the dividend represents 20% of the face value per share and has been declared for the quarter ended September 2026. The company has set Friday, October 16, 2026, as the record date to determine shareholders eligible for the interim dividend, ensuring timely distribution to eligible shareholders.
According to the company announcement, the dividend will be paid within 30 days of the declaration to shareholders whose names appear in the company's Register of Members or the records of the depositories as of the record date. The payment structure ensures timely distribution to eligible shareholders while maintaining regulatory compliance for dividend distributions, providing clarity for shareholders regarding the distribution timeline.
Despite the strong quarterly results, shares of Canara Robeco Asset Management Company Ltd ended at ₹220.75, down by ₹0.45, or 0.20% on the BSE on Friday, as reported by CNBC TV18. The modest decline in share price occurred despite the company's positive financial performance and dividend declaration, suggesting market reaction was mixed following the results announcement. The share price movement reflects broader market conditions and investor sentiment toward the asset management sector.
