Canara Robeco Asset Management Company (CRAMC) Q4 23/24 earnings summary

Executive summary

• Total revenue for FY 2023-24 was ₹31,878.34 lakhs, up from ₹20,479.84 lakhs year-over-year.

• Profit before tax rose to ₹19,518.34 lakhs from ₹10,701.74 lakhs year-over-year.

• Total comprehensive income reached ₹15,086.78 lakhs, nearly doubling from the previous year.

• Average net assets under management (AAUM) increased to ₹88,077.84 crores from ₹62,097.30 crores year-over-year.

• Interim and final dividends totaling ₹3,739.08 lakhs were declared for FY 2023-24.

Financial highlights

• Revenue from operations grew 55.7% year-over-year.

• Expenses before depreciation were ₹11,881.97 lakhs, up from ₹9,363.17 lakhs year-over-year.

• Earnings per share (EPS) increased to ₹30.26 from ₹15.80 year-over-year.

• Investments rose to ₹45,687.77 lakhs from ₹32,955.87 lakhs year-over-year.

• Cash and cash equivalents at year-end were ₹183.99 lakhs, up from ₹134.98 lakhs.

Outlook and guidance

• The company continues to focus on sustainable growth, risk management, and compliance.

• No material changes or commitments affecting the financial position post year-end.