Key Decisions and Approvals

Financial Results Approval:

  • The Board approved the Un-audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026
  • Results were reviewed and recommended by the Audit Committee
  • The meeting commenced at 12:15 p.m. and concluded at 1:15 p.m.

Interim Dividend Declaration:

  • Declared a second interim dividend of ₹7 per equity share of face value ₹5 each for FY 2026-27
  • Dividend to be paid out of the profits of the Company

Financial Performance Highlights

Consolidated Results (₹ in crores):

  • Q2 FY27 PAT: ₹88.10 Cr (up 27% YoY from ₹69.43 Cr in Q2 FY26)
  • H1 FY27 PAT: ₹168.81 Cr (up 35% YoY from ₹125.11 Cr in H1 FY26)
  • Q2 FY27 Total Income: ₹279.88 Cr (up 14% YoY from ₹245.51 Cr)
  • H1 FY27 Total Income: ₹616.01 Cr (up 35% YoY from ₹457.16 Cr)
  • Q2 FY27 EPS (Basic): ₹13.68
  • H1 FY27 EPS (Basic): ₹26.24
  • Management and Advisory Fees: ₹333 Cr in H1FY27 (up 24% YoY)
  • RoE: 29.4% in Q2FY27 (improvement of 275 bps YoY)

Standalone Results (₹ in crores):

  • Q2 FY27 PAT: ₹127.82 Cr
  • H1 FY27 PAT: ₹197.07 Cr
  • Q2 FY27 Total Income: ₹252.03 Cr
  • H1 FY27 Total Income: ₹500.08 Cr
  • Q2 FY27 EPS (Basic): ₹19.85
  • H1 FY27 EPS (Basic): ₹30.63

Key Operational Metrics

  • Fee-paying AUM: ₹49,164 Cr as of September 30, 2026 (up 28% YoY from ₹38,552 Cr)
  • 3-year FPAUM CAGR: 23%
  • Client Base: Over 5,750 client relationships
  • Repeat Clients: 77% of AUM from repeat clients
  • Investor Mix: Balanced 50% institutional and 50% non-institutional investors

Business Updates and Strategic Developments

Recent Acquisitions and Investments:

  • Infrastructure Yield Strategy: Acquired two operational toll road assets in Tamil Nadu under NHAI's TOT Bundle 19
  • Commercial Real Estate Strategy: Acquired a Grade A office asset with approximately 95% occupancy
  • Special Situations & Performing Credit Strategy: Invested in Cyient Semiconductors
  • Private Equity Strategy: Achieved public market listing of portfolio company Rentomojo

IPO Completion:

  • Equity shares listed on BSE and NSE on November 2, 2026
  • Offer for sale of 72,07,207 equity shares at issue price of ₹1,665 per share
  • IPO subscribed 4.17x overall
  • QIB book subscribed 13.79x, contributing ~72% of total demand
  • Marquee investors included top 5 mutual fund companies, Norges Bank, Hornbill Capital, and Schroders

Capital Structure Impact

  • During Q2 FY27, company allotted 3,75,000 equity shares of ₹5 each pursuant to exercise of stock options under 'EAAA India Employee Stock Option Scheme 2024'
  • Equity share capital increased to ₹32.33 Cr from ₹32.14 Cr

Financial Position

Consolidated Balance Sheet (as of September 30, 2026):

  • Total Assets: ₹2,132.49 Cr
  • Total Equity: ₹1,218.55 Cr
  • Debt Securities: ₹254.30 Cr
  • Borrowings: ₹61.31 Cr
  • Cash & Cash Equivalents: ₹187.20 Cr

Key Ratios (Consolidated):

  • Debt-Equity Ratio: 0.26
  • Debt Service Coverage Ratio: 12.51
  • Interest Service Coverage Ratio: 12.51
  • Net Profit Margin: 27.40%

Management Commentary

Amit Agarwal, Chief Executive Officer, stated: "This is our first quarterly results announcement following our listing on the Indian stock exchanges... Our alternatives business focuses on channelling patient capital of our clients into private market assets through closed ended funds. Our focus remains on sustained FPAUM growth, consistent performance of our funds and value creation for all stakeholders over the long term."

Additional Information

  • The company operates in a single reportable segment of Investment manager to Alternative Investment Funds and Advisory services to offshore funds
  • The platform owns and operates 5.7 mn sq. ft. of commercial real estate, more than 7,700 lane km of roads, 1,835 circuit km of transmission lines and 1.73 GWp of solar assets
  • Growth Finance vertical has deployed over ₹42,979 Cr and realised ₹46,471 Cr to date
  • Flagship strategies (Special Situations, Infrastructure Yield, Commercial Real Estate Yield) account for 85% of FPAUM

Forward-looking Statements

The document contains forward-looking statements subject to risks and uncertainties including market fluctuations, growth management, technological developments, competition, economic conditions, and regulatory changes.