Gaja Alternative Asset Management Limited (GAAML) announced its unaudited consolidated financial results for the half-year ended September 30, 2026. The company reported a total income of INR 117.3 Cr, marking a 26% increase over the previous quarter. Profit after tax (PAT) for H1 FY27 stood at INR 91.9 Cr, a substantial 138% surge compared to Q1 FY27 and 48% year-over-year. The company’s net worth has grown to INR 1,106 Cr, with no debt.
Gaja Alternative Asset Management Announces Strong H1 FY27 Financials
Gaja Alternative Asset Management Limited (“GAAML”) has reported robust financial performance for the first half of the financial year 2027 (H1 FY27), ending September 30, 2026. The company’s unaudited consolidated financial results reveal a significant increase in both total income and profit after tax, underscoring the strength of its franchise.
Key Financial Highlights
For the half-year ended September 30, 2026, GAAML achieved a total income of INR 117.3 Cr. This represents a growth of 26% over the previous quarter. Profit after tax (PAT) for the same period reached INR 91.9 Cr, demonstrating a remarkable 138% increase compared to the first quarter of FY27 (Q1 FY27). On a year-over-year basis, PAT saw a substantial 48% growth.
The company also highlighted a Cost-to-Income ratio of 29.5% for H1 FY27, an improvement from 37.7% in the corresponding period last year. GAAML’s net worth has surged to INR 1,106.2 Cr as of September 30, 2026, with 62% of this comprising cash and liquid investments. Notably, the company carries no debt, reinforcing its strong financial position.
Interim Dividend Declared
In line with its strong performance, the Board of Directors has declared an interim dividend of 10% (INR 0.50 per share). This follows a previous dividend of 75 paise per share for FY26.
Business Performance and Strategy
Mr. Gopal Jain, Managing Director & CEO, commented on the results, stating, “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.”
Business Highlights
- Existing Funds: Fund IV made two new investments during the quarter, expanding its portfolio to nine companies, with deployment at 87% of committed capital. Fund II also saw a significant liquidity event in this quarter.
- New Funds: The Eastgate Secondaries team has been strengthened with the addition of a senior hire possessing over 20 years of private equity investing experience.
About Gaja Alternative Asset Management Limited
Gaja Alternative Asset Management Limited is a listed pure-play alternatives manager and one of India’s most established alternative AMCs with over two decades of experience. The company is listed on NSE (GAJA) and BSE (544885) and acts as a fund manager for India-focused funds and an advisor to offshore funds, investing in innovation-led, high-growth, mid-market businesses.
Source: BSE
