Canara Robeco Asset Management Company has announced an interim dividend of Rs 2 per share for FY27. Alongside the payout, the company reported a robust financial performance for Q2 FY27, with net profit rising 21.5% YoY to Rs 59.19 crore and revenue growing 17% to Rs 121.59 crore.
Canara Robeco AMC Q2 Profit Jumps 21.5% to Rs 59.19 Crore
Interim Dividend of Rs 2 per share declared for FY27
Reader Takeaway: Strong revenue growth and double-digit profit margins drive positive sentiment, though dividend record date is October 16.
What just happened
Canara Robeco Asset Management Company Limited has announced an interim dividend of Rs 2.00 per equity share for the financial year 2026-27. This payout represents 20% of the company's Rs 10 face value per share. The dividend will be distributed within 30 days to shareholders on the company's register as of the record date, October 16, 2026.
Why this matters
The announcement accompanies a healthy quarterly financial performance. For the quarter ended September 30, 2026, the company posted a net profit of Rs 59.19 crore, up 21.5% from Rs 48.71 crore in the same quarter last year. Revenue from operations also saw a significant increase of 17%, reaching Rs 121.59 crore compared to Rs 103.92 crore in Q2 FY26.
Financial Performance
Growth remained consistent throughout the first half of the fiscal year. For the half-year period ending September 30, 2026, the company recorded total revenue of Rs 237.79 crore and a profit after tax of Rs 134.79 crore, marking a steady upward trajectory in asset management operations.
Governance and Audit
The financial results were reviewed by the Audit Committee and approved by the Board of Directors. Statutory auditors have provided an unmodified opinion, confirming the accuracy of the financial reporting. Additionally, the company submitted a certificate regarding the continuous disclosure of Key Performance Indicators verified by M/s G.P. Kapadia & Co.