Date: September 10, 2026

Financial Performance Summary

Gaja Alternative Asset Management Limited reported its unaudited consolidated financial results for the quarter ended June 30, 2026 (Q1 FY27), marking its first quarterly results since listing on NSE and BSE on August 26, 2026.

Key Financial Metrics

| Metric | Q1 FY27 Value | YoY Growth | QoQ Growth | FY26 Value | FY26 YoY Growth | FY26 QoQ Growth |

| Total income | INR 51.8 Cr | 26% | 148% | INR 168.4 Cr | 39% | 7% |

| Total expenses | INR 19.9 Cr | 14% | 10% | INR 72.9 Cr | 32% | 4% |

| Profit after tax (PAT) | INR 27.2 Cr | 35% | 678% | INR 89.1 Cr | 38% | 9% |

| EPS (INR, annualised) | 9.5 | 28% | 677% | 7.8 | 29% | 8% |

Performance Highlights

Profitability Improvements:

  • Cost-to-Income ratio improved to 38.4% from 42.3% in Q1 FY25-26, demonstrating operating leverage
  • PAT growth of 35% YoY significantly outpaced total income growth of 26% YoY

Balance Sheet Strength:

  • Net worth grew 19% YoY (4% QoQ) to INR 633.6 Cr as of June 30, 2026

Dividend Declaration:

  • Board recommended a final dividend of 15% (INR 0.75 per share) for Financial Year 2025-26, subject to shareholder approval at the AGM

Business Highlights

IPO Completion:

  • In August 2026, the company completed its INR 550 Cr initial public offering
  • The IPO comprised a fresh issue of INR 450 Cr of primary capital for growth

New Fund Launch:

  • Company received SEBI registration for Fund V, a Category II AIF
  • Target commitments of INR 2,500 Cr for the new fund

Management Commentary

Mr. Gopal Jain, Managing Director & CEO, stated: "This quarter marks an important milestone for us as we complete our transition to a listed pure-play alternatives asset management company. Our financial performance reflects the strength of the underlying franchise: total income for the quarter grew 26% YoY to INR 51.8 Cr and PAT grew 35% YoY to INR 27.2 Cr, while operating leverage drove our cost-to-income ratio down to 38.4% from 42.3% a year ago. Net worth grew 19% YoY to INR 633.6 Cr, and the Board's recommendation of a 15% final dividend for FY 25-26 reflects our confidence in sustained cash generation. With Fund V now cleared by SEBI for launch, we are well positioned to deepen our platform across the alternatives ecosystem."

Company Background

Gaja Alternative Asset Management Limited is a listed pure-play alternatives manager and one of India's most established alternative AMCs, with more than two decades of experience. The company acts as a fund manager to India-focused funds (Category II AIFs) and as adviser to offshore funds, which invest in innovation-led, high-growth, mid-market businesses.