GAJAGaja Alternative Asset Management Ltd.
Gaja Alternative Asset Management Q1 FY27 Results: Consolidated Net Profit ₹27.22 Crore on Total Income of ₹51.83 Crore
- Earnings
- alternative asset management
Reviewed byRachit TripathiBlacklitt Research
Gaja Alternative Asset Management (NSE: GAJA) reported consolidated total income of ₹51.83 crore and net profit of ₹27.22 crore for the quarter ended 30 Jun 2026, it said in a filing on 03 Nov 2026. Standalone total income was ₹34.20 crore and net profit ₹14.01 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹51.83 crore, up 25.7% YoY and 148.0% QoQ
- Net profit and EPS: ₹27.22 crore, up 35.5% YoY; basic EPS ₹9.50
- Other income: ₹36.19 crore, 69.8% of total income
- Finance costs: ₹1.31 crore, up 259.6% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹34.20 crore, up 51.3% YoY and 123.6% QoQ
- Net profit and EPS: ₹14.01 crore, up 141.5% YoY; basic EPS ₹2.46
- Other income: ₹20.11 crore, 58.8% of total income
Summary
| Particulars | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| 51.83 | 41.22 | +25.7% | 20.90 | +148.0% | |
| Revenue from operations | 15.64 | 30.76 | -49.2% | 19.62 | -20.3% |
| Other income | 36.19 | 10.46 | +245.9% | 1.28 | n/a |
| 27.22 | 20.09 | +35.5% | 3.50 | +677.8% | |
| Profit before tax | 31.93 | 23.79 | +34.2% | 2.88 | n/a |
| Finance costs | 1.31 | 0.36 | +259.6% | 1.16 | +12.6% |
| Depreciation | 0.89 | 0.46 | +93.5% | 0.97 | -8.3% |
| Tax expense | 4.71 | 3.70 | +27.5% | -0.62 | n/a |
| Net profit margin | 52.51% | 48.74% | +3.77 pp | 16.74% | +35.77 pp |
| EPS, basic (₹) | 9.50 | 7.41 | +28.2% | 1.22 | +678.7% |
Figures are in ₹ crore; YoY compares with Q1 FY26 and QoQ with Q4 FY26. Click Total income or Net profit to see the rows behind them.
Other income rose to ₹36.19 crore from ₹10.46 crore a year earlier, while revenue from operations fell 49.2% to ₹15.64 crore.
Net profit grew faster than total income, up 35.5%, but other income made up 113.4% of profit before tax of ₹31.93 crore.
The consolidated statement carries a year-earlier base of ₹20.09 crore net profit. Attributable profit for the quarter was ₹26.82 crore, against ₹19.77 crore a year earlier. Exchange differences on translating foreign operations were a loss of ₹0.14 crore in the quarter.
| Particulars | Q1 FY27 | Q1 FY26 | YoY | Q4 FY26 | QoQ |
|---|---|---|---|---|---|
| 34.20 | 22.61 | +51.3% | 15.29 | +123.6% | |
| Revenue from operations | 14.09 | 15.31 | -8.0% | 14.71 | -4.2% |
| Other income | 20.11 | 7.30 | +175.4% | 0.58 | n/a |
| 14.01 | 5.80 | +141.5% | -1.22 | n/a | |
| Profit before tax | 17.75 | 8.18 | +117.1% | -2.00 | n/a |
| Finance costs | 1.31 | 0.36 | +259.3% | 1.16 | +12.6% |
| Depreciation | 0.89 | 0.46 | +93.5% | 0.97 | -8.3% |
| Tax expense | 3.74 | 2.37 | +57.3% | -0.79 | n/a |
| Net profit margin | 40.97% | 25.66% | +15.31 pp | -7.95% | +48.92 pp |
| EPS, basic (₹) | 2.46 | 1.07 | +129.9% | -0.23 | n/a |
Figures are in ₹ crore; YoY compares with Q1 FY26 and QoQ with Q4 FY26. Click Total income or Net profit to see the rows behind them.
The standalone picture is similar. Other income of ₹20.11 crore, against ₹7.30 crore a year earlier, offset a fall of 8.0% in revenue from operations to ₹14.09 crore.
The standalone result was a loss of ₹1.22 crore in the quarter ended 31 Mar 2026.
Consolidated net profit of ₹27.22 crore is ₹13.21 crore above standalone, a gap that the filing does not explain.
Gaja Alternative Asset Management was listed on BSE and NSE on 26 Aug 2026 after an initial public offering of 3,43,75,000 equity shares at ₹160 per share, of which 2,81,25,000 were fresh issue and 62,50,000 an offer for sale. The company is primarily engaged in managing and advising funds, including DVCFs and AIFs, and has no separate reportable segments.
The filing does not give the record date or the total payout.
The auditor, Nangia & Co LLP, issued limited review reports on both statements dated 10 Sep 2026 with unmodified conclusions. Six subsidiaries were not reviewed by the auditor, and one foreign subsidiary was reviewed by another auditor. The company's clarification of 22 Oct 2026 says the reports were reissued only to add the date of signing and UDIN.
Inference
The filing shows the company's listing and a final dividend of ₹0.75 per equity share proposed for FY2025-26.
The 28 Oct 2026 legal filing and the 28 Oct 2026 High Court report concern a dismissal of pleas to quash an FIR; the filing itself does not connect that matter to these results.
Filed with NSE on . Reference: Original filing (PDF)
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