Analysts/Institutional Investor Meet/Con. Call Updates

July 24, 2026 To, To, The Listing Department The Listing Department National Stock Exchange of India Ltd., BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001 NSE Symbol: CRAMC BSE Scrip Code: 544580 Dear Sir / Madam, Sub.: Transcript of earnings call – Q1-FY2027 – Unaudited Financial Results Pursuant to the captioned subject, please find enclosed herewith transcript of Earnings call for the quarter ended June 30, 2026 conducted on Wednesday, July 22, 2026. This information is also being uploaded on the Company’s website at https://www.canararobeco.com/. This is for your kind information and records. Yours faithfully, For Canara Robeco Asset Management Company Limited Hemangi Patil Company Secretary and Compliance Officer Membership No.: A19644 Canara Robeco Asset Management Company Ltd. Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai 400 001, India T (B) +912266585000 crmf@canararobeco.com www.canararobeco.com CIN : L65990MH1993PLC071003 “Canara Robeco Asset Management Company Limited Q1 FY27 Earnings Conference Call” July 22, 2026 MANAGEMENT: MR. RAJNISH NARULA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED MR. ASHWIN PUROHIT – CHIEF FINANCIAL OFFICER – CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED MR. GAURAV GOYAL – CHIEF BUSINESS OFFICER – CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED MR. ATIT TURAKHIYA – HEAD OF CORPORATE DEVELOPMENT AND MIS – CANARA ROBECO ASSET MANAGEMENT COMPANY LIMITED MODERATOR: MS. SAVLI MANGLE – ADFACTORS PR Page 1 of 15 Canara Robeco Asset Management Company Limited July 22, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Q1 FY27 Earnings Conference Call of Canara Robeco Asset Management Company Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I will now hand the conference over to Ms. Savli Mangle from Adfactors PR. Thank you and over to you. Savli Mangle: Thank you, Ryan. Good morning, everyone and a very warm welcome to our Q1 FY27 earnings conference call. To guide us through the results today, we have the senior management team of Canara Robeco Asset Management Company Limited, headed by Mr. Rajnish Narula, Managing Director and CEO; Mr. Ashwin Purohit, Chief Financial Officer; Mr. Gaurav Goyal, Chief Business Officer; and Mr. Atit Turakhiya, Head, Corporate Development and MIS. Before we begin, I would like to state that some of the statements made in today's discussion may be forward-looking in nature. The actual results may vary as they are dependent on several external factors. With that stated, I would now like to hand it over to Mr. Rajnish Narula for his opening remarks. Thank you and over to you, Sir. Rajnish Narula: Thank you, Savli. Good morning to everyone who's on the call. Thank you for joining this call today. We trust you reviewed our results and presentation. I will begin with a brief perspective on the broader industry environment, followed by key trends in the Indian mutual fund landscape, and then cover our performance for the quarter. On the industry and market environment, Q1 FY27 witnessed continued global and domestic market volatility due to geopolitical developments and macroeconomic uncertainties. Despite the volatility, benchmark indices recovered during the quarter. Nifty gained approximately 7% and closed at 23,865 as on 30th June, 2026. Broader markets also recovered, supported by improving investor sentiment. On the mutual fund industry overview, the closing industry AUM reached approximately INR82.2 lakh crores, growing at 10.5% year-on-year. Structural drivers for the industry remain strong, which are growing retail participation, wider geographical penetration, diversification across asset classes, expanding investor base. On the company operational highlights, I'd like to point out our closing AUM stood at approximately INR1.2 lakh crores. Quarterly average AUM increased by 7% year-on-year. Our asset mix stood approximately at 91% equity and 9% debt. Individual investors contributed 86% of our AUM, while institutional investors accounted for 14%. Approximately 24% of our AUM is from B30 locations. Distribution network expanded to over 56,890 empaneled partners. We continue to make investments in digital platforms, enhanced investor experience, operational efficiency, and investments in the investment team and research capability. I'd like to invite Mr. Ashwin Purohit to discuss the financial performance in detail. Over to you, Ashwin. Page 2 of 15 Canara Robeco Asset Management Company Limited July 22, 2026 Ashwin Purohit: Very good morning to everyone. It gives me pleasure to present you the financial highlights. Revenue from our operations stood at INR116.20 crores versus INR97 crores in Q1, which is 20% year-on-year growth. The total income stood at INR145.80 crores compared with the INR121.30 crores in Q1 FY26, which is again 20% on year-on-year growth. Profit after tax stood at INR75 crores, registering 24% year-on-year growth. With this, I will open the floor for the questions. Thanking you. Moderator: Thank you. Ladies and gentlemen, we will now begin the question-and-answer session. We take the first question from the line of Sucrit D. Patil from Eyesight Fintrade Private Limited. Please go ahead. Sucrit D. Patil: Good morning to the team. I have two questions. The first question to Mr. Narula is, just a forward-looking guidance on how do you intend to position the company for long-term sustainable growth in FY27, balancing product innovation, digital transformations and investor trust while ensuring differentiation in an increasingly competitive asset management landscape? Just want to understand your plan of action on this. That's my first question. I'll ask my second question after this. Thank you. Rajnish Narula: Well, thank you very much. Well, we are an equity-focused fund house, as you're aware. That continues to be the strategy going forward. We do believe that equities market will outperform other asset classes going forward over the long-term. So, I think we are very well positioned to actually capitalize on the growth story in India, given the construct that we have in our asset mix. So, we will continue to also invest in digital platforms, engage more with distributor partners to make sure that our growth story continues. We will also focus on product launches and also diversify from the mutual fund into other spaces which are available for us. Sucrit D. Patil: My second question to Mr. Purohit is, given the rising compliance costs and market volatility and investments in technologies, what are the key financial levers you prioritize to maintain profitability and sustain stability across equity, debt and hybrid segments in FY27? Thank you. Rajnish Narula: Well, let me answer that question. It's a broader question in terms of how do we manage costs and profitability going forward. Our cost-to-income ratio for us -- we like it to be below 40. That's where we like it to be. We are well within that range. So between 38 to 42 is the range we like to play in. So, we always keep an eye on the cost-to-income ratio. Costs are a certainty, revenues sometimes when markets are volatile may not be and we are very cognizant of it. But you're absolutely right, there is rising costs of compliance within the regulatory framework, but that's good for the investors and to make the ecosystem far more stable. But we are very well positioned, as you can see from our results as well. Our Q1 results have been pretty good in terms of profitability. Sucrit D. Patil: Thank you and best wishes. R [Showing first 8,000 characters — download PDF for full document]