Almondz Global Q2 Profit More Than Doubles to ₹9.13 Cr

The performance was driven by three main business segments:

Financial Services: Performance was impacted by weak capital markets, which lowered mark-to-market gains on the investment portfolio.
Merchant Banking & Advisory: This segment is set to grow revenue and profit based on a strong pipeline of mandates currently under execution.
Infrastructure Consulting (AGICL): Growth was driven by higher revenue from Detailed Project Report (DPR) projects. The division holds an order book above ₹400 Crore, providing multi-year revenue visibility.
Green Fuel (PGIPL): The reported figures reflect the performance of the 285 KLPD Himachal Pradesh unit only, which is at full capacity. Almondz Global Securities Ltd. (AGSL) holds a 40.99% stake in PGIPL, and its promoter holding company, ACMS, holds a further 8.88%.

The promoter holding in AGSL is 59.11% (inclusive of other promoters) as of September 30, 2026.
AGSL holds a 56.07% stake in its 100% subsidiary, Almondz Financial Services Ltd (AFSL), to which the Merchant Banking (MB), Portfolio Management Services (PMS), and Research Analyst (RA) businesses were moved in 2023.
AGSL holds a 58.52% stake in its infrastructure consulting subsidiary, Almondz Global Infra Consulting Limited (AGICL).
AGSL holds a 40.99% stake in Premier Green Innovations Private Limited (PGIPL), a green fuel joint venture.

The company has proposed a scheme of arrangement to list its Infra Consulting (AGICL) and Green Fuel (PGIPL) businesses.
The stated rationale for this corporate restructuring is to "enhance shareholders' value."

PGIPL is a grain-based Ethanol and ENA producer established in 2015, with FY26 revenue of approximately ₹707 Crore (excluding the new Odisha plant).
Total Capacity: 485 KLPD.
Himachal Pradesh Unit: A 285 KLPD state-of-the-art integrated distillery and bottling complex.
Odisha Greenfield Project: A 200 KLPD grain-based distillery. Commercial production is ramping up with a target to achieve 80% capacity in Q3 FY27.
Q2 FY27 Output: 71 lakh litres of ethanol produced.
The company participated in the Oil Marketing Company (OMC) ethanol supply tender for FY27.
Full supply from the Odisha plant is expected to commence from the 3rd week of November 2026, pending OMC allocation.
The company is also piloting waste-to-value technology (5 TPD MECC reactor) and plans to expand into green chemicals.

Order Book: Exceeds ₹400 Crore as of September 30, 2026, to be executed over the next 3-4 years.
New Orders in H1 FY27: Increased 2.1x compared to H1 FY26 (₹72 Crore).
Growth Vision: The company has ambitious growth targets for its verticals, including a 90x growth in Roads & Highways over 10 years and aiming for ₹100 Crore revenue in Geolabs & Applications within two years (from ₹9 Cr currently).

The document lists the board members, highlighting their experience:

Raj Kumar Khanna (Chairman, Non-Executive & Independent Director): Former Senior Executive Director at HUDCO.
Manoj Kumar Arora (Managing Director): With the company since 1994.
Surinder Singh Kohli (Non-Executive & Independent Director): Former CMD of IIFCL, Punjab National Bank, and SIDBI.
Neelu Jain (Non-Executive & Independent Director).
Ajay Pratap (Director – Legal & Corporate Affairs & Company Secretary).
Rajeev Kumar (Director – Finance & Chief Financial Officer).

The audio recording of the conference call is available on the company's website.
The investor presentation is attached to the filing and is available online.
A transcript of the call will be made available on the company's website and intimated to the exchanges within prescribed timelines.