Gaja Alternative Asset Management Limited (GAJA) has reported its unaudited consolidated financial results for the quarter and half year ended 30 September 2026. The Board of Directors, at its meeting today, approved the financial results, showcasing a robust performance. Total income for the quarter rose by 26% to INR 65.5 Cr compared to INR 51.8 Cr in the previous quarter. Profit after tax (PAT) surged by 138% to INR 64.7 Cr from INR 27.2 Cr in Q1 FY27. The company’s strong performance is reflected in its improved cost-to-income ratio of 29.5% during H1 FY27 compared to 37.7% over the same period last year.

Financial Highlights

The financial performance for H1 FY27 shows total income of INR 117.3 Cr, up 6% from INR 110.4 Cr in H1 FY26. Total expenses decreased by 17% to INR 34.6 Cr from INR 41.6 Cr in H1 FY26. PAT for H1 FY27 reached INR 91.9 Cr, a 48% increase from INR 62.1 Cr in H1 FY26. The Board has recommended an interim dividend of 10% (INR 0.50 per share), following a 75 paise dividend for FY26.

Business Highlights

GAJA’s existing funds have shown significant progress. Fund IV made two new investments during the quarter, taking its portfolio to nine companies. Fund II also experienced a notable liquidity event. The company’s net worth grew to INR 1,106.2 Cr as of 30 September 2026, with 62% being cash and liquid investments. The Q2 FY27 PAT includes a gain of INR 15.0 Cr on account of the reversal of deferred tax charge.

Mr. Gopal Jain, Managing Director & CEO, said: “In the first half of FY27 we earned total income of INR 117.3 Cr and profit after tax of INR 91.9 Cr. Our H1 performance shows the strength of the underlying franchise: income came from three of our funds, profit after tax grew 48% over the first half of FY26, and the Board has declared an interim dividend of 50 paise per share, following a 75 paise dividend for FY26. We have strengthened the balance sheet. Net worth now exceeds INR 1,100 Cr and we carry no debt. Our strong balance sheet now contributes to growth as treasury income, a fourth pillar alongside management fees, carried interest and gains on sponsor commitments. A significant part of our net worth is in cash and liquid investments which gives us a greatly enhanced capacity to raise new funds.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Gaja Alternative Asset Management Limited

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