Augmont Enterprises Limited – Investor Presentation Summary

Key Operational Highlights

  • Refining capacity: 284 TPA across two BIS-accredited refineries in Rudrapur, Uttarakhand and Navi Mumbai
  • Registered consumers: 52.3+ million on Gold For All platform
  • Gold Enterprise volume Q2 FY27: 7.6 MT (compared to 15.9 MT in Q2 FY26)
  • Gold realization Q2 FY27: ₹14,839/g (compared to ₹10,351/g in Q2 FY26)
  • Domestic scrap procurement increased to 24.5% of total procurement in Q2 FY27 from 3% in Q2 FY26 (8x increase)
  • Diamond marketplace: 900,000 stones listed from 250 dealers across India, UAE, and USA

Key drivers of operational performance: Strategic shift toward higher-margin domestic scrap sourcing, technology-enabled platform efficiency, multi-source procurement strategy for restricted commodities like silver

Segment-wise Performance

  • Enterprise Revenue Q2 FY27: ₹13,852 Cr (-32% YoY)
  • Consumer Revenue Q2 FY27: ₹1,984 Cr (+47% YoY)
  • Gold Enterprise Revenue Q2 FY27: ₹11,278 Cr (compared to ₹16,483 Cr in Q2 FY26)

Explanation of significant changes in segment performance: Enterprise revenue decline due to capital-intensive nature of SPOT trading platform where higher gold prices reduced volume capacity, while consumer revenue growth driven by digital gold and jewellery offerings

Financial Highlights

Revenue: Rs. 15,836 Cr (Q2 FY27)

EBITDA: Rs. 181 Cr (Q2 FY27)

PAT: Rs. 120 Cr (Q2 FY27)

EPS: Not Specified

Margins: EBITDA Margin 1.14% (Q2 FY27), PAT Margin 0.76% (Q2 FY27)

YoY/QoQ comparison: Revenue -27% YoY, -16.4% QoQ; EBITDA +16% YoY; PAT +7% YoY, +98% QoQ

Drivers of financial performance: Higher-margin scrap business, silver import advantages through DGFT licence and IIBX, improved business mix

Comparison to market estimates: Not Specified

Key Risks: Movements in gold and precious metal prices, consumer demand, competitive conditions, regulatory developments, supply-chain dynamics, broader economic conditions

Geographical Revenue Split

Domestic vs Export/Regional Revenue: Not Specified

Regional Breakdown: Not Specified

Balance Sheet Snapshot

Net Debt/Equity: Debt to equity 0.002x (H1 FY27)

Reserves: Other equity ₹1,651 Cr (Sep-26)

Current Assets/Liabilities: Current Assets ₹1,923 Cr, Current Liabilities ₹301 Cr (Sep-26)

Working Capital/Leverage Metrics: Trade receivables ₹749 Cr, Inventories ₹341 Cr (Sep-26)

Financial Health Insights: Strong cash position with cash and cash equivalents ₹171 Cr, bank balances ₹50 Cr (Sep-26)

Capex & Cash Flow Health

Capital Expenditure: Not Specified

Free Cash Flow: Not Specified

Operating Cash Flow: Not Specified

Net Debt Movement: Borrowings reduced to ₹2 Cr current, ₹1 Cr non-current (Sep-26 from ₹12 Cr current, ₹1 Cr non-current in Mar-26)

Investment Rationale: Focus on technology platform development, refining capacity expansion, market expansion initiatives

Strategic & R&D Initiatives

Investments in Innovation: AI/ML pricing tools for lab-grown diamonds, gold-loan stack with central KYC, e-NACH, e-signing, UPI AutoPay, proprietary trading platform with real-time controls

Expected impact on growth: Technology platform enabled 2.7x revenue growth from FY24 to FY26 (₹34,921 Cr to ₹94,186 Cr)

Strategic Rationale: Democratizing access to gold through digital platforms, formalizing India's gold ecosystem, reducing import dependence through scrap recycling

Industry Trends & Business Environment

Macro/Industry Trends: India's household gold estimated at 31,000 tonnes valued at ~US$3.4 trillion, gold demand of 131.4t in Apr-Jun 2026 valued at ₹1.98 lakh Cr, gold ETF inflows of 24t in Jan-Jun 2026

Impact on Company: Positioned as India's No. 1 Gold Platform to address fragmented market opportunity

Management Commentary & Growth Outlook

Strategic Outlook: "Q2 FY27 was a strong quarter for Augmont, with record profitability and meaningful margin expansion despite lower revenues. The performance reflects an improving business mix and our continued focus on quality of earnings and sustainable profitability" - Ketan Kothari, Whole-Time Director

FY Guidance: Not Specified

Market Share Targets: Not Specified

Risks and Opportunities: Higher-margin scrap sourcing is structural and expected to carry forward, silver import benefits viewed as situational rather than sustainable run-rate benefit

ESG Updates: Not Specified

Digital Transformation: Technology platform handles pricing, protection, distribution and scaling with 54+ million transactions in FY26, employee benefit expense reduced to 0.03% of revenue from 0.06% in FY24