Date: October 31, 2026
Consolidated Financial Performance
Almondz Global Securities Limited reported unaudited consolidated financial results for Q2 FY27 (quarter ended September 30, 2026).
Consolidated Results (₹ crore):
| Metric | Q2 FY27 | Q2 FY26 | Change |
| Total Revenue | 40.09 | 34.00 | +17.9% |
| Profit | 9.13 | 3.86 | +136.5% |
The company operates through three primary verticals: Financial Services, Green Fuel Business, and Infrastructure Consulting Business.
Segment-wise Performance Breakdown
Financial Services Vertical
Includes Broking, Wealth Advisory, Corporate Advisory, Merchant Banking, and Debt & Equity Operations.
Financial Services Performance (₹ crore):
| Metric | Q2 FY27 | Q2 FY26 | Change |
| Revenue | 8.05 | 7.84 | +2.7% |
| Profit | 2.51 | 3.01 | -16.6% |
The lower performance relative to previous quarter was primarily attributable to adverse capital market conditions, which resulted in a decline in mark-to-market gains on the outstanding investment portfolio.
During the current financial year, the Merchant Banking Advisory business is expected to witness growth in both revenue and profitability, supported by a strong pipeline of outstanding mandates currently under execution.
Green Fuel Business (Through Joint Venture)
The company is engaged in green biofuel and distillery operations through its joint venture company, Premier Green Innovations Private Limited (PGIPL), in which Almondz holds 40.99% of total equity. Avonmore Capital & Management Services Limited holds an additional 8.88% equity stake in PGIPL.
PGIPL Performance (₹ crore):
| Metric | Q2 FY27 | Q2 FY26 | Change |
| Revenue | 202.24 | 129.90 | +55.7% |
| Profit | 12.59 | 3.66 | +244.0% |
The Himachal Plant has a capacity of 285 KLPD and is operational at full capacity.
Odisha Plant Status:
The Odisha plant has not yet commenced commercial production on a full scale, as the procurement agreement with Oil Marketing Companies (OMCs) is awaited. However, the plant produced 71 lac litres of ethanol during Q2 FY27.
The OMCs have floated the tender for ethanol supply for FY27, and PGIPL has participated. The company expects full-fledged production and supply of ethanol to commence from the third week of November 2026, by which time the allocation process is expected to be completed by OMCs.
The Odisha Plant capacity is 200 KLPD and is expected to go fully operational at 80% capacity in Q3 FY27.
Infrastructure Consulting Business
Infrastructure Consulting Performance (₹ crore):
| Metric | Q2 FY27 | Q2 FY26 | Change |
| Revenue | 31.35 | 25.89 | +21.1% |
| Profit | 2.90 | 2.42 | +19.8% |
The increase in revenue is mainly attributable to higher revenue from DPR projects. The company is hopeful of sustaining the growth trend in both revenue and profitability over the previous year.
Business Outlook and Order Book
During the current financial year, growth in revenue and profitability is expected to be 20-25% compared to the previous financial year.
Almondz Global Infra Consultant Limited (AGICL) has secured more than double new order book in H1 FY27 compared to H1 FY26:
- New order book of ₹154 crores in H1 FY27 (as of September 30, 2026)
- Compared to ₹72 crores in H1 FY26 (as of September 30, 2025)
- Growth of approximately 214%
With this, AGICL's total orders book has crossed the ₹400 crores mark as of September 30, 2026.
The new orders will be executed over a period of three years, giving the company a clear, multi-year pipeline of work and strong visibility on delivery and revenue as these mandates are mobilized.
Management Contacts
For further information, contact: Rajeev Kumar – Director-Finance & CFO