Gamco Ltd · BSE:GAMCO
Gamco — Q2 FY2027 Earnings Presentation
39 slides from Gamco's earnings presentation, Nov 2, 2026
Slide 1: BSE Regulation 30 cover letter
Date: 02-11-2026 To, The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001 Scrip Code: 540097 Dear Sir, Sub: Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Re: Investor Presentation for Q
Slide 2: INVESTING in the future - Investor Presentation Q2FY27
INVESTING in the future Investor Presentation Q2FY27
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by GAMCO Limited (the “Company”) solely for information purposes and do not constitute any offer, recommendation, or invitation to purchase or subscribe for any securities and shall not form the b
Slide 4: Table of Contents
Table of Contents Q2 Updates & Company Overview 01 Financial Performance 02 Annexures 03
Slide 5: Q2 Updates & Company Overview
Q2 Updates & Company Overview
Slide 6: Quarterly Snapshot - Q2FY27
Quarterly Snapshot - Q2FY27 (Rs. in Crores) 140.94 113.51 86.94 Revenue 61.67% 23.94% YoY QoQ Q2FY26 Q1FY27 Q2FY27 40.7 Q2 FY27 EBIDTA Margin EBIDTA 12.16 279% YoY -70% QoQ 8.65% Q2FY26 Q1FY27 Q2FY27 -6.79 32.43 6.06 PAT Margin PAT 173% YoY -81% QoQ 4.31% Q2FY26 Q1FY27 Q2FY27 -8.29 GAMCO Investor Pr
Slide 7: Company Overview
Company Overview Snapshot FY 2026 Lucknow Revenue from Operations EBITDA PAT West Bengal, Rs. 301.41 Cr Rs. (28.12 Cr) Rs. (47.14 Cr) Kolkata Andaman & Nicobar, Port Blair Net Worth Investment Portfolio Total Assets Rs. 167.19 Cr Rs. 416 Cr Rs. 509.1 Cr Business started in Present across Net Worth g
Slide 8: Key Milestones
Key Milestones A New Era: Ownership Consolidation Unlocking Value Through & Strategic Restructuring A New Identity, A New Direction: Institutional Partnerships: Sold 100% stake in a wholly owned subsidiary (Visco A New Chapter Begins: Current Promoters Visco Trade Associates rebrands as Advisory) to
Slide 9: Inside the Growth Story
Inside the Growth Story 01 02 03 Incorporation Leadership Business segments GAMCO Limited is a diversified GAMCO Limited, incorporated in GAMCO Limited is led by promoter investment and financing platform with January 1983, is a non-deposit taking Rajeev Goenka, a seasoned capital a multi-strategy a
Slide 10: Our Framework
Our Framework The 9 Priorities That Drive Our Investment Approach 01 02 03 04 05 NATIONAL ALIGNMENT OUTPERFORMING RESILIENCE AND VALUE GOVERNANCE FOCUS ACCOUNTABILITY GROWTH Investing in businesses and sectors Prospecting for sectors and Focusing on cash-accretive Identifying and investing in Invest
Slide 11: From Legacy to Leverage: Building a Multi-Asset Growth Engine
From Legacy to Leverage : Building a Multi-Asset Growth Engine Strategic transformation from a single-market equity NBFC into an institutional multi-asset compounding platform. STEP 01 STEP 02 STEP 03 STEP 04 STEP 05 FOUNDATION THE PIVOT PROOF POINTS ROAD AHEAD THE TAKEAWAY HARD 1983 Rs.437 Cr. Rs.1
Slide 12: 01. The Foundation
01. The Foundation Built as a capital-markets investing house Incorporated in 1983 and registered as a non-deposit taking NBFC, GAMCO (formerly Visco Trade Associates) built its identity around listed equity investing and trading, led by Managing Director Rajeev Goenka's decade-plus track record in
Slide 13: 02. The Pivot
02. The Pivot Diversifying into hard, cash-generating assets Since FY 2024-25, GAMCO has deliberately added asset-backed, less market-correlated businesses alongside its equity book-real estate, warehousing infrastructure and, most recently, hospitality. 01 02 03 Real Estate Industrial & Logistics H
Slide 14: 03. Proof Points
03. Proof Points FY 2025-26 : the strategy moved from thesis to execution Rs.437 Crore standalone total assets in FY26, up from Rs.189.41 crore, the balance sheet roughly doubled in one year (debt-equity steady at ~2.32x). Three Moves, One Platform Standalone revenue (Rs. Crore) Investment monetizat
Slide 15: 04. The Road Ahead
04. The Road Ahead Where GAMCO is headed A multi-asset holding Company designed to compound value across cycles, not a single-market bet. 01 Strategic direction from here 02 Financial-services broadening Grow the real estate, warehousing and Enter factoring, lease financing, venture hospitality plat
Slide 16: 05. The Takeaway
05. The Takeaway A single equity idea has become a diversified compounding platform From Capital Markets to Multi-Asset Value Creation GAMCO is no longer a pure equity trading NBFC; it is evolving into a diversified, 01 multi-asset holding Company with a demonstrated “incubate-build-monetise” track
Slide 17: Business Verticals
Business Verticals 02 03 01 Industrial & Logistics Hospitality 04 Real Estate Park Equity Investing (Treasury) Developing sustainable, Building the warehousing The diversification into Driving long-term value high quality real estate and logistics backbone for hospitality business creation through s
Slide 18: 1. Real Estate (1/3)
1. Real Estate (1/3) PREMIUM RESIDENTIAL TOWNSHIP - Shalimar Oneworld - Shalimar Lakecity, Lucknow PROJECT SNAPSHOT Land parcel No. of projects No. of units 212 Acres 9 Ongoing 5 Completed 1750 Ongoing 1206 Completed Valuation Inventory FSI Sold out Rs. 1800 Cr 2.50 Cr 60 Lakh sq. ft. SHAREHOLDING P
Slide 19: 1. Real Estate (2/3) Residential Development in Kolkata
1. Real Estate (2/3) Residential Development in Kolkata 13.5 Planned Development Area 1 Lakh sq. ft. Ultra Luxury 12.5 Lakh sq. ft. Premium Project Lakh sq. ft. 12.5 lakh sq. ft. · Premium Total proposed area 01 Ultra Luxury 02 Premium Residential Project Residential Project Category: Boutique Apart
Slide 20: 1. Our Real Estate Vision (3/3)
1. Our Real Estate Vision (3/3) “ GAMCO’s real estate vision is to create distinctive, design-led developments that set new benchmarks for quality, exclusivity and long-term value. The Company focuses on selected high- value opportunities rather than volume, building a curated portfolio of premium a
Slide 21: 2. Industrial & Logistics Park (1/2)
2. Industrial & Logistics Park (1/2) GAMCO Industrial & Logistics Park Building Future–Ready Infrastructure. Delivering Sustainable Value 100 200 50 Lakh Rs. 1,200 Acres Acres Sq. Ft. Crore Land Acquired Proposed Total Warehousing CAPEX (committed by Space subsidiary) LAND STATUS Land parcel aggrega
Slide 22: 2. Our Industrial & Logistics Park Vision (2/2)
2. Our Industrial & Logistics Park Vision (2/2) “ GAMCO aims to establish Grade-A warehousing as an institutional asset class in high-growth markets that remain underserved by major national and global developers, including Kolkata, Lucknow, Jaipur, Guwahati and other Tier 2 and Tier 3 cities across
Slide 23: 3. Hospitality: Port Blair, Andaman & Nicobar Islands (1/3)
3. Hospitality : Port Blair, Andaman & Nicobar Islands (1/3) GAMCO Acquires 33.33% of Blissara Resorts to Build Landmark Port Blair Asset PROJECT METRICS & TARGETS THE TRANSACTION & TROPHY LAND MARKET THESIS & ADVANTAGES Strategic Stake Expansion : 12 International Brand Partnership : Completed the
Slide 24: 3. Hospitality - Port Blair (2/3)
3. Hospitality - Port Blair, Andaman & Nicobar Island (2/3) Further project plans in Himachal Pradesh & Ayodhya GAMCO Investor Presentation 23
Slide 25: 3. Our Hospitality Vision (3/3)
3. Our Hospitality Vision (3/3) “ Hospitality holds a special place for GAMCO’s promoters, who believe that well-designed, tranquil environments foster creativity, wellbeing and balance. As seasoned investors, they also see luxury hospitality as a compelling asset class, combining long-term capital
Slide 26: 4. Equity Investing (Treasury)
4. Equity Investing (Treasury) 01 Core Strategy & Execution Portfolio Composition 02 & Treasury Base Unemotional Investing : A disciplined approach to entering at attractive valuations and a high propensity to divest businesses once their value Listed Equity Base : Maintains a quoted has been realiz
Slide 27: FY26: A Year of Strategic Execution
FY26 : A Year of Strategic Execution GAMCO moved from conviction to execution - deploying capital decisively, broadening its portfolio and monetizing value across asset classes 01 ACQUIRE 02 SIMPLIFY 03 MONETISE 04 DIVERSIFY Real Estate Financial Services Institutional Exit Hospitality Entry Exposur
Slide 28: Upcoming Projects and Growth Roadmap
Upcoming Projects and Growth Roadmap 01 Gamco Industrial & Logistics Park (Kolkata) 02 Commercial & Strategic Assets (Lucknow) Scale & Location : Proposed 25 Lakh sq. ft. constructed area at Commercial Space (Lucknow) : 21,000 sq. ft. for steady Dankuni, Kolkata. rental income. Capex : Rs.20 Cr (10-
Slide 29: Capital Markets & Real Estate Industry Overview
Capital Markets & Real Estate Industry Overview Capital Market Industry Overview Real Estate Industry Overview Structural growth across residential, office, and alternative Short-term volatility is creating a more attractive environment for real-estate assets disciplined, long-term capital allocatio
Slide 30: Warehousing & Hospitality Industry Overview
Warehousing & Hospitality Industry Overview Warehousing Industry Overview Hospitality Industry Overview Grade A/A+ Stock : Expansion Metric FY25 FY26 FY27-28E 34.9 Mn sq ft Path Projected ready stock, Mn sq ft Occupancy (National) 70 - 72% 72 - 74% 73 - 76% H1 CY26 Grade A/A+ absorption Hotel Invest
Slide 31: Financial Performance
FINANCIAL PERFORMANCE
Slide 32: Financial Performance
Financial Performance (in Rs. Crores) Revenue Net worth Total Assets 556.49 206.62 509.1 301.41 254.66 167.19 220.55 99.67 257.10 92.9 192.67 83.86 59.86 61.51 124.22 22.47 80.97 FY22 FY23 FY24 FY25 FY26 H1 FY27 FY23 FY24 FY25 FY26 H1 FY27 FY22 FY23 FY24 FY25 FY26 H1 FY27 Revenue from Operations Net
Slide 33: Quarterly Performance: Income Statement
Quarterly Performance : Income Statement (in Rs. Crores) Particulars Q2FY27 Q1FY27 Q-o-Q Q2FY26 Y-o-Y Revenue From Operations 140.58 113.51 24% 86.94 41% Other income 0.36 0.20 0.24 Total Revenue 140.94 113.72 24% 87.18 51% Expenses 128.78 73.03 93.97 EBITDA 12.16 40.69 -70% (6.79) 279% EBITDA Margi
Slide 34: Income Statement
Income Statement (in Rs. Crores) Particulars FY22 FY23 FY24 FY25 FY26 H1FY27 Revenue From Operations 22.47 83.86 220.55 61.51 301.41 254.09 Other income 0.56 2.42 0.33 0.96 0.75 0.57 Total Revenue 23.03 86.28 220.88 62.47 302.17 254.66 Expenses 22.64 92.04 174.90 46.81 330.29 201.81 EBITDA 0.40 (5.7
Slide 35: Balance Sheet
Balance Sheet (in Rs. Crores) H1 H1 Particulars FY22 FY23 FY24 FY25 FY26 Particulars FY22 FY23 FY24 FY25 FY26 FY27 FY27 Shareholders' Fund 68.15 59.25 92.27 99.0 166.51 205.91 Financial Assets Minority Interest 0.58 0.60 0.62 0.66 0.67 0.71 Cash and bank balances 0.87 0.30 1.08 2.44 1.09 0.60 Trade
Slide 36: Annexures
Annexures
Slide 37: Leadership that Drives the Execution
Leadership that Drives the Execution Rajeev Goenka Dinesh Arya Rhythm Arora Satish Garg Chairman & Managing Non Executive – Independent Non Executive – Independent Non Executive – Independent Director Director Director Director An Economics graduate with 10+ years of experience in He is a Fellow mem
Slide 38: Leadership that Drives the Execution
Leadership that Drives the Execution Dipak Sundarka Vinay Kumar Goenka Nitin Daga Ayushi Khaitan Executive Director Non Executive - Non Independent Non Executive – Independent Non Executive – Independent Director Director Director He is a B.Com (Hons.) in study He is a Bachelor of approach, academic
Slide 39: Thank you
Thank you Website – www.gamcoltd.com Mail Id – [email protected], [email protected] Contact – +03324750073, +91 8100578596 Investor Relations Partner : GO INDIA ADVISORS Nikhar Arora CA Sakshi Shah [email protected] [email protected]