Canara Robeco Asset Management shares rally 13% after Q1FY27 profit jumps 24% YoY

Canara Robeco Asset Management shares rallied 13 percent after reporting Q1FY27 PAT of Rs 75.6 crore, up 24 percent year-on-year and 83 percent quarter-on-quarter, on revenue from operations of Rs 116.2 crore, up 20 percent YoY. Total AUM stood at Rs 1,195 billion with QAAUM rising 7 percent YoY to Rs 1,187 billion and equity-oriented QAAUM at Rs 1,081 billion. The stock was trading at Rs 285.28 with a market capitalisation of about Rs 5,515 crore, though FII stake declined from 1.72 percent to 1.28 percent during the quarter.