1. Opening Hook
Just weeks after its IPO honeymoon, Canara Robeco AMC decided to flex its numbers—and yes, the glow is still on. While most AMCs are busy blaming markets, CRAMC calmly dropped a ₹1.2 trillion AUM figure and pretended it was just another quarter. SIPs kept marching in like salaried employees on the 1st of every month, digital platforms went full influencer mode, and costs… well, costs clearly discovered protein shakes this quarter.
Management sounded confident, bordering on smug, as industry tailwinds did most of the talking. Revenue grew, profits grew, and employee expenses grew the fastest—HR clearly had a great year. But beneath the polite presentation lies a real question: how much of this is sustainable once markets stop being nice?
Stick around. It gets more interesting once the expense party and valuation expectations enter the chat.
2. At a Glance
- AUM at ₹1.2 tn: Big number energy, backed by a friendly market mood.
- Q3 Total Income up 26% YoY: Markets rallied, accounting smiled.
- PAT at ₹528 mn: Clean growth, no drama, no surprises.
- SIP monthly inflow ₹7.55 bn: Retail investors doing God’s work.
- Employee costs up 65% YoY: Talent was hired like growth is permanent.
- B-30 MAAUM at ₹289 bn:
- Bharat still showing up steadily.
3. Management’s Key Commentary
“Our AUM growth reflects strong investor confidence across cycles.”
(Markets were kind, and SIPs didn’t cancel auto-debit 😏)
“Equity QAAUM now stands at over ₹1.1 trillion.”
(Risk appetite is alive and well, thank you bull market)
“Digital engagement has increased significantly year-on-year.”
(WhatsApp is the new relationship manager 📱)
“User sessions grew by 164% on our platforms.”
(Everyone clicked, not everyone invested—but counts anyway)
“Employee investments are aligned with long-term growth.”
(Costs today, operating leverage tomorrow… hopefully)
“B-30 contribution remains a strategic focus area.”
(Small towns, big SIP dreams)
4. Numbers Decoded
| Metric | Q3 FY26 | YoY |
|---|---|---|
| Total Income | ₹1,215 mn | +26% |
| PAT | ₹528 mn | +10% |
| Equity QAAUM | ₹1,106 bn | +12% |
| SIP Monthly Flow | ₹7.55 bn | +? |
| Employee Expense | ₹328 mn | +65% |
- Revenue growth solid, but expense growth clearly more ambitious.
- Margins held—for now—thanks to market-assisted income.
5. Analyst Questions
