Almondz Global Securities LimitedQ2 FY27 Results & Financial Update

Almondz Global Securities Limited: Q2 FY27 consolidated results and company financials – revenue ₹39.40 Cr, PAT ₹9.09 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: ALMONDZPublished 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹39.40 CrReported Q2 FY27
Profit after tax₹9.09 CrReported Q2 FY27
Sequential change-27.5%Quarter-on-quarter

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Quarterly Results AnalysisExplore Almondz Global Securities Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Almondz Global Securities Limited reported consolidated revenue from operations of INR 39.40 crore for the quarter ended September 30, 2026, representing a sequential contraction of 11.46% compared to INR 44.50 crore in Q1 FY27.

02

Total consolidated income for Q2 FY27 stood at INR 40.09 crore, down 10.83% from INR 44.96 crore recorded in the preceding June 2026 quarter.

03

Profit before share of profit of equity-accounted investees, exceptional items, and tax (PBT before associates) stood at INR 4.86 crore for the quarter, declining 39.25% sequentially from INR 8.00 crore in Q1 FY27.

04

Consolidated net profit for the period (PAT) reached INR 9.10 crore in Q2 FY27, reflecting a sequential decrease of 27.46% compared to INR 12.53 crore reported in the previous quarter.

05

Basic and diluted earnings per share (EPS) for continuing operations came in at INR 0.44 for the quarter, compared to INR 0.69 basic and INR 0.68 diluted in the preceding quarter.

06

The quarter's profitability was supported by a substantial share of net profit from equity-accounted associates amounting to INR 5.15 crore, which helped offset lower operational revenue and higher employee benefit expenses.

01 · Business model

What does Almondz Global Securities do?

Almondz Global Securities Limited is an Indian financial services company engaged in diverse business segments, including debt and equity market operations, corporate consultancy and advisory services, infrastructure consultancy and advisory fees, wealth advisory, and broking activities.

The company operates through multiple subsidiaries and joint ventures, expanding its footprint across specialized advisory fields such as commodity broking, financial services, infrastructure consultancy, project execution, wealth management, and insolvency resolution services.

Revenue is generated primarily through advisory and consultancy fees, interest income, dividend income, fair value gains on financial instruments, and the share of profits from equity-accounted investees and associates.

02 · Historical context

What shaped the business before this quarter

Subsidiary Expansion

Over prior periods, Almondz expanded its operating network by incorporating specialized entities such as Almondz Broking Services Limited in April 2025 and Almondz Insolvency Resolution Services Private Limited in June 2025.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹39.40 Cr₹44.50 Cr
Total income₹40.09 Cr₹44.96 Cr
Profit before tax₹4.86 Cr₹8.00 Cr
Profit after tax₹9.09 Cr₹12.53 Cr
EPS₹0.44₹0.68

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 23.1% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 12.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.69 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Infrastructure Consultancy Segment

Infra Activities - Consultancy and advisory fee remained the largest operational revenue contributor, generating INR 31.35 crore in Q2 FY27 compared to INR 28.53 crore in Q1 FY27.

Debt and Equity Market Operations

Revenue from debt and equity market operations contracted sharply to INR 2.88 crore in Q2 FY27 from INR 9.01 crore in the previous quarter.

Wealth Advisory and Broking

Wealth advisory and broking activities brought in INR 3.91 crore in Q2 FY27, showing a mild increase from INR 3.25 crore in Q1 FY27.

What drove margins

Employee Benefits Expense

Employee benefit expenses increased slightly to INR 12.67 crore in Q2 FY27 from INR 12.46 crore in Q1 FY27, exerting pressure on operating margins.

Other Expenses

Other expenses decreased notably to INR 4.85 crore during the quarter from INR 8.05 crore in the preceding quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Segment Revenue Breakdown

For Q2 FY27, segment revenues were reported as: Debt and equity market operations INR 2.88 crore, Corporate Activities consultancy INR 0.92 crore, Infra Activities consultancy INR 31.35 crore, and Wealth Advisory/Broking INR 3.91 crore.

Segment Profitability

Profit before tax and interest from segments stood at INR 1.80 crore for debt and equity operations, INR 0.08 crore for corporate activities, INR 2.90 crore for infra activities, and INR 0.47 crore for wealth advisory.

06 · Reported developments

What changed operationally

Associate Profit Contribution

The company recorded a robust share of net profit from associates accounted for using the equity method amounting to INR 5.15 crore in Q2 FY27.

07 · Pressure points & risks

What is not going smoothly

Sequential Topline Moderation

Consolidated revenue from operations declined by 11.46% sequentially, driven by lower volume in debt and equity market operations.

08 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹-6.52 CrHalf Year ended September 30, 2026
Capital expenditure₹-1.46 CrHalf Year ended September 30, 2026
Operating Cash Flow

Net cash used in operating activities for the half year ended September 30, 2026, was INR 6.52 crore.

Investing Cash Flow

Net cash inflow from investing activities for the half-year period stood at INR 10.96 crore, aided by changes in investments.

Capital allocation & funding

Borrowings

Borrowings other than debt securities stood at INR 27.14 crore as of September 30, 2026, compared to INR 45.40 crore as of March 31, 2026.

09 · Beyond the numbers

What changed beyond the numbers

Reported update

Auditor Review

Statutory auditors M/s Mohan Gupta & Co. issued an unmodified limited review report on the standalone and consolidated unaudited financial results for Q2 FY27.

10 · Previous-quarter changes

What changed since the previous quarter

Sequential Income Movement

Total consolidated income decreased from INR 44.96 crore in Q1 FY27 to INR 40.09 crore in Q2 FY27.

11 · Key Q&A

The quarter, answered directly

What does Almondz Global Securities do?

Almondz Global Securities Limited is an Indian financial services company engaged in diverse business segments, including debt and equity market operations, corporate consultancy and advisory services, infrastructure consultancy and advisory fees, wealth advisory, and broking activities.

What is the clearest takeaway from Q2 FY27?

Almondz Global Securities Limited reported consolidated revenue from operations of INR 39.40 crore for the quarter ended September 30, 2026, representing a sequential contraction of 11.46% compared to INR 44.50 crore in Q1 FY27.

What drove revenue or demand?

Infra Activities - Consultancy and advisory fee remained the largest operational revenue contributor, generating INR 31.35 crore in Q2 FY27 compared to INR 28.53 crore in Q1 FY27.

What mattered most for margins or profitability?

Employee benefit expenses increased slightly to INR 12.67 crore in Q2 FY27 from INR 12.46 crore in Q1 FY27, exerting pressure on operating margins.

What changed operationally beyond the headline numbers?

Statutory auditors M/s Mohan Gupta & Co. issued an unmodified limited review report on the standalone and consolidated unaudited financial results for Q2 FY27.

What are the main pressure points disclosed for the quarter?

Consolidated revenue from operations declined by 11.46% sequentially, driven by lower volume in debt and equity market operations.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

13 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Infra Consultancy Momentum: Monitor the sustainability and margin contribution of the infrastructure consultancy segment, which forms the core of operating revenue.

  2. 02

    Associate Profitability: Track the performance of equity-accounted investees and their ongoing contributions to consolidated net earnings.

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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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