Gaja Alternative Asset Mgmt Q1FY27 Results: Net profit up 36% YoY
- Consolidated net profit rose 36% YoY to ₹272.2 crore in Q1FY27
- Revenue from operations fell 49% YoY to ₹156.4 crore
- Other income surged 246% YoY to ₹361.9 crore, driving total income growth
- Board proposed final dividend of ₹0.75 per share for FY26
- Standalone net profit increased 142% YoY to ₹140.1 crore
*this image is generated using AI for illustrative purposes only.
Gaja Alternative Asset Management reported a consolidated net profit of ₹272.2 crore for the quarter ended June 30, 2026, marking a 36% year-on-year increase from ₹200.9 crore in the same period last year.
The Mumbai-based alternative investment fund manager also proposed a final dividend of ₹0.75 per equity share for FY26 during its board meeting held on September 10, 2026.
Financial Performance
Consolidated revenue from operations fell 49% YoY to ₹156.4 crore, down from ₹307.6 crore in Q1FY26. However, total income rose 26% to ₹518.3 crore, driven by a significant jump in other income.
| Metric | Q1FY27 (₹ crore) | Q1FY26 (₹ crore) | Change |
|---|---|---|---|
| Revenue from operations | 156.4 | 307.6 | -49% |
| Other income | 361.9 | 104.6 | +246% |
| Total Income | 518.3 | 412.2 | +26% |
| Total Expenses | 199.0 | 174.3 | +14% |
| Profit Before Tax | 319.3 | 237.9 | +34% |
| Net Profit After Tax | 272.2 | 200.9 | +36% |
Standalone net profit surged 142% YoY to ₹140.1 crore, compared to ₹58.0 crore in the prior year period. Standalone revenue from operations declined 8% to ₹140.9 crore.
What the Numbers Show
Other income constituted 70% of total consolidated income in Q1FY27, rising sharply to ₹361.9 crore from ₹104.6 crore a year ago. This non-operating component was the primary driver of the profit growth, offsetting the nearly 50% decline in core operating revenue. The divergence between falling operational revenue and surging other income highlights a reliance on non-recurring or investment-linked gains rather than fee-based business expansion for this quarter's bottom line.
Key Developments
- The company completed its initial public offering, listing on BSE and NSE on August 26, 2026.
- Nangia & Co LLP served as the independent auditor for the limited review of the unaudited financial results.
- The trading window for designated persons remains closed until September 12, 2026.
Historical Stock Returns for Gaja Alternative Asset Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.22% | -4.32% | 0.0% | 0.0% | 0.0% | 0.0% |
How sustainable is Gaja's profit growth given that 70% of total income derived from non-operating 'other income' rather than core fee-based operations?
What specific strategies will management employ to reverse the 49% year-on-year decline in revenue from operations in the upcoming quarters?
How might the recent IPO and subsequent listing impact the company's ability to raise capital for future alternative investment fund launches?
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