Several prominent Indian financial sector companies are poised to announce their Q2FY27 results today, October 9, 2026. This includes key players like Poonawalla Fincorp, Anand Rathi Wealth, Can Fin Homes, Canara Robeco Asset Management Company Ltd, and Canara HSBC Life Insurance Company Ltd. The anticipation around these earnings reports has already led to mixed movements in their stock prices during early trading.
Early Market Movements and Analyst Previews
In initial trade, shares of Anand Rathi Wealth and Canara HSBC Life Insurance experienced significant declines, falling by up to 5%. Anand Rathi Wealth was down 4.75% to Rs 2,041.80, while Canara HSBC Life tumbled 3.67% to Rs 140.40. Conversely, Poonawalla Fincorp saw a modest rise of 1.55% to Rs 445, with Canara Robeco AMC and Can Fin Homes also registering marginal gains.
Canara Robeco AMC Outlook
PL Capital forecasts a potential 4.8% quarter-on-quarter (QoQ) increase in Canara Robeco's overall Quarterly Average Assets Under Management (QAAuM), alongside a 3.9% year-on-year (YoY) rise. However, yields may see a slight QoQ decrease of 0.7 basis points (bps) but an increase of 3.8 bps YoY. Operating expenses as a percentage of QAAuM are projected to decline by 0.3 bps QoQ, while Return on Average Assets Under Management (ROAAuM) might decrease by 0.5 bps QoQ. PL Capital maintains a 'hold' rating on the stock with a target price of Rs 285.
Anand Rathi Wealth Projections
Motilal Oswal Financial Services Ltd. anticipates that Anand Rathi Wealth's QAAUM growth will remain largely flat QoQ. Despite this, revenue is expected to grow, supported by improved yields. EBITDA margins are also projected to improve QoQ, with new Relationship Manager (RM) additions and productivity enhancements identified as key growth drivers. Motilal Oswal has issued a 'sell' rating with a target price of Rs 1,630.
Poonawalla Fincorp Expectations
JM Financial Ltd. predicts robust performance for Poonawalla Fincorp, expecting a 55% YoY AUM growth. Margins are projected to remain stable at 8.1%, with the company well-positioned for future margin expansion due to a favorable mix, rating upgrades, and lower liquidity. JM Financial forecasts a 76% increase in Net Interest Income (NII) and a significant 129% rise in Pre-Provision Operating Profit (PPoP) on a yearly basis. The firm has an 'add' rating on Poonawalla Fincorp with a target price of Rs 530.
Canara HSBC Life Insurance Analysis
Systematix Institutional Equities expects healthy yearly growth for Canara HSBC Life Insurance's New Business Premium (NBP), projected to surpass industry growth rates. Annualized Premium Equivalent (APE) growth is anticipated to be broadly in-line with the industry, at 12% YoY. Value of New Business (VNB) margins are estimated at 31% YoY, positively impacted by a better product mix. Systematix holds a 'buy' rating with a target price of Rs 170.
Can Fin Homes Performance Outlook
Jefferies projects muted profit growth for Can Fin Homes Ltd. at 6% YoY. They expect NIIs to increase by 7% on a yearly basis, while PPoP may remain flat. AUM and loan book growth are estimated at 10%, but margins could face pressure, potentially falling by 13% YoY. Jefferies has a 'buy' rating on Can Fin Homes with a target price of Rs 1,075.