The stock of Canara Robeco AMC crashed over 11% on Tuesday after weak Q2 results disappointed investors. The fall reflects rising pressure on the asset manager’s performance.
Revenue dropped by 11% to ₹107.7 crore, while EBITDA declined 17%. Margins also slipped sharply, showing higher costs and weaker profitability this quarter.
Net profit fell 20% in Q2 due to increased expenses and reduced operational margins. Investors reacted strongly, leading to a major stock correction.
Despite poor Q2 results, the company plans to launch two new mutual funds — the Innovation Fund and the Banking & Financial Services Fund — pending SEBI approval.
The 10.5% drop to ₹313.95 shows market caution. Experts suggest waiting for stronger performance before re-entering Canara Robeco AMC stock.