Consolidated Financial Performance
The Company reported unaudited consolidated financial results for the quarter ended September 30, 2026 (2Q FY 2026-27).
Consolidated Financial Highlights (₹ crore):
| Metric | 2Q FY 2026-27 | 2Q FY 2025-26 | Growth |
| Total Revenue | 44.36 | 37.04 | 19.8% |
| Profit | 10.84 | 5.99 | 81.0% |
The Company operates through four primary verticals: Financial Services, Green Fuel Business, Infrastructure Consulting Business, and NBFC Activities.
Segment-wise Performance Analysis
Financial Services Segment
This segment comprises Broking, Wealth Advisory, Corporate Advisory, Merchant Banking, and Debt & Equity Operations.
Financial Performance (₹ crore):
| Metric | 2Q FY 2026-27 | 2Q FY 2025-26 | Change |
| Total Revenue | 9.93 | 8.99 | 10.5% |
| Profit | 2.21 | 2.86 | -22.7% |
The lower performance relative to the previous year was primarily attributable to adverse capital market conditions, which resulted in a decline in mark-to-market gains on the outstanding investment portfolio.
Management indicated that the Merchant Banking Advisory business is expected to witness growth in both revenue and profitability during the current financial year, supported by a strong pipeline of outstanding mandates currently under execution.
Green Fuel Business Segment
The Company is engaged in the production of green biofuel and distillery operations through its joint venture company, Premier Green Innovations Private Limited (PGIPL), in which the Company holds 40.99% of the total equity. The holding company, Avonmore Capital & Management Services Limited, also holds an additional 8.88% equity stake in PGIPL.
PGIPL Performance (₹ crore):
| Metric | 2Q FY 2026-27 | 2Q FY 2025-26 | Growth |
| Total Revenue | 202.24 | 129.90 | 55.7% |
| Profit | 12.59 | 3.66 | 244.0% |
The capacity of the Himachal Plant is 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 the Oil Marketing Companies (OMCs) is awaited. Nevertheless, the plant produced 71 lac litres of ethanol during 2Q FY 2026-27.
The OMCs have floated the tender for the supply of ethanol for FY 2026-27, and PGIPL has participated in the tender. 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 the OMCs.
The capacity of Odisha Plant is 200 KLPD and is expected to go fully operational at 80% capacity in the third quarter.
Infrastructure Consulting Business Segment
Financial Performance (₹ crore):
| Metric | 2Q FY 2026-27 | 2Q FY 2025-26 | Growth |
| Total Revenue | 32.94 | 25.89 | 27.2% |
| 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.
NBFC Activities Segment
Financial Performance (₹ crore):
| Metric | 2Q FY 2026-27 | 2Q FY 2025-26 | Change |
| Total Revenue | 1.24 | 2.04 | -39.2% |
| Profit | 1.18 | 1.39 | -15.1% |
Business Outlook and Guidance
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 the 1st Half year 2026-27 as compared with the 1st Half year 2025-26. AGICL has secured new order book of ₹154 crores in the 1st Half year as on 30th September 2026, as against ₹72 crores in the 1st Half year as on 30 September 2025, representing growth of approximately 214%.
With this, AGICL's Total orders book have crossed the ₹400 crores mark as on 30th September 2026.
The new orders will be executed over a period of three years, giving the Company a clear, multiyear pipeline of work and strong visibility on delivery and revenue as these mandates are mobilized.