Almondz Global Surges 56% Revenue on Green Fuel, Advisory Growth

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AuthorSimar Singh|Published at:
Almondz Global Surges 56% Revenue on Green Fuel, Advisory Growth
Overview

Almondz Global Securities Limited reported a strong 55.9% YoY jump in consolidated revenue to ₹52.3 crore and a 405.9% surge in profit to ₹12.9 crore for Q3 FY26. This stellar performance was propelled by its Green Fuel Business (JV) which saw revenue grow 13.4% YoY to ₹206.1 crore and profit by 1082.2% to ₹13.95 crore. The Infrastructure Advisory business also contributed with a 25.3% QoQ revenue increase to ₹31.5 crore and 20% growth outlook. However, the Financial Services segment reported a loss of ₹2.69 crore, primarily due to an ₹82.71 crore Mark-to-Market (MTM) loss on equity holdings. The company anticipates Q4 performance improvement with market sentiment recovery. A revised composite scheme of arrangement is under review by stock exchanges' legal departments.

📉 The Financial Deep Dive

The Numbers: Almondz Global Securities Limited posted a robust consolidated total revenue of ₹52.29 crore for the third quarter (3Q) of FY 2025-26, a significant 55.9% increase year-on-year (YoY) from ₹33.57 crore in 3Q FY 2024-25. Consolidated profit after tax (PAT) witnessed a remarkable surge of 405.9% YoY, reaching ₹12.90 crore, up from ₹2.55 crore in the same quarter last year. Sequentially, revenue grew by approximately 53.8% QoQ (₹52.29 crore vs ₹34.00 crore), and PAT jumped by an impressive 234.2% QoQ (₹12.90 crore vs ₹3.86 crore).

The Quality: While consolidated figures paint a bright picture, segment-wise performance shows contrasting trends. The Green Fuel Business, operated through its joint venture Premier Green Innovations Private Limited (PGIPL), was the primary growth engine. PGIPL reported a 3Q FY26 revenue of ₹206.12 crore (a 13.4% YoY increase) and a profit of ₹13.95 crore (a staggering 1082.2% YoY jump). This was attributed to softening raw material prices and better DDGS recovery. The Infrastructure Advisory Business also showed healthy traction, with revenue growing 25.3% QoQ to ₹31.51 crore and PAT improving by 18.2% QoQ to ₹2.66 crore. The company has secured ₹187 crore in orders for this segment during the nine months ended December 31, 2025, and projects sustained growth of approximately 20%.

Conversely, the Financial Services segment (Wealth advisory, Broking, Debt & Equity Operations) reported a loss of ₹2.69 crore on revenue of ₹1.61 crore in 3Q FY26. This segment was heavily impacted by a substantial Mark-to-Market (MTM) loss of ₹82.71 crore on its quoted equity holdings. This marks a significant downturn from 3Q FY25, when the segment posted a profit of ₹0.96 crore on revenue of ₹6.41 crore.

The Grill: Management expressed optimism for Q4 FY26, expecting performance improvement in the Financial Services segment driven by a recovery in market sentiment and a potential reversal of MTM losses. For the Green Fuel Business, PGIPL estimates production of approximately 211 lakh litres and revenue of around ₹158 crore in Q4 FY26. The company also announced that its Odisha Plant is ready for commercial operations, with production slated to commence by the end of March 2026, pending final agreements with Oil Marketing Companies (OMCs). The Infrastructure Advisory Business is expected to sustain its growth trajectory with a 20% growth forecast. A revised Composite Scheme of Arrangement, filed in September 2025, is currently with the stock exchanges' Legal Department for review, with further outcomes to be communicated to shareholders.

🚩 Risks & Outlook
The primary near-term risk lies in the volatility of the Financial Services segment, particularly the impact of MTM losses on quoted equity holdings. The recovery in market sentiment is crucial for this segment's turnaround. The commencement of operations at PGIPL's Odisha plant by March 2026 presents a significant growth catalyst, contingent on final OMC agreements. Delays in the Composite Scheme of Arrangement could impact long-term strategic objectives. Investors should closely monitor the reversal of MTM losses and the successful commissioning of the Odisha plant.

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