Gaja Alternatives net profit up 128% at Rs. 64.7 crore
Gaja Alternatives reported a 128% sequential rise in Q2 FY27 net profit to Rs. 64.7 crore, with revenue increasing 26% to Rs. 65.5 crore. The private equity asset manager highlighted strong fund performance, zero debt and expanding investments.
By ET Bureau |
Agencies
Gaja Alternatives reported strong Q2 FY27 earnings, with net profit rising 128%, revenue growing 26% and Fund IV expanding its investment portfolio.
Gaja Alternatives, the first listed pure-play private equity asset manager, reported a 128% rise in net profit to Rs. 64.7 crore for the quarter ending September of financial year 2026-27. It had reported net profit of Rs. 27.2 crore in the previous quarter.
It’s revenues for the quarter were Rs. 65.5 crore, rising 26% from the previous quarter. The company was listed on 26 August.
It manages four category II alternative investment funds.
"In the first half of FY27 we earned total income of INR 117.3 Cr and profit after tax of INR 91.9 Cr. Our first half 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,” said Gopal Jain, managing director and chief executive officer, Gaja Alternative Asset Management.
The company said it had strengthened its balance sheet. “Net worth now exceeds INR 1,100 Cr and we carry no debt,” said Jain.
The company’s Fund IV made two new investments during the quarter, taking its portfolio to nine companies. Currently, the Fund's deployment is at 87% of committed capital. The quarter also saw a significant liquidity event from Fund II. Taken together, first half performance reflects income from three of the four Gaja Capital Funds, the company said.
It’s revenues for the quarter were Rs. 65.5 crore, rising 26% from the previous quarter. The company was listed on 26 August.
It manages four category II alternative investment funds.
"In the first half of FY27 we earned total income of INR 117.3 Cr and profit after tax of INR 91.9 Cr. Our first half 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,” said Gopal Jain, managing director and chief executive officer, Gaja Alternative Asset Management.
The company said it had strengthened its balance sheet. “Net worth now exceeds INR 1,100 Cr and we carry no debt,” said Jain.
The company’s Fund IV made two new investments during the quarter, taking its portfolio to nine companies. Currently, the Fund's deployment is at 87% of committed capital. The quarter also saw a significant liquidity event from Fund II. Taken together, first half performance reflects income from three of the four Gaja Capital Funds, the company said.
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