Almondz Global Securities revenue climbs 34%, but profit slips
The company eyes June for biofuel procurement contracts in Odisha as infrastructure advisory growth targets reach 18-20%.
— 1 earlier story on Almondz Global Securities Ltd. →What's new
- March quarter revenue rose 34% year-on-year to ₹72.55 crore.
- The delayed Odisha biofuel plant is finally complete.
- Oil marketers plan to award procurement contracts in June.
Why this matters
Revenue growth is clear, but margin compression took a bite out of the bottom line. The story now shifts from completion to commercialization of the Odisha plant.
What we're watching
- Whether oil marketing companies confirm the expected June contract timeline.
- Conversion of the ₹260 crore advisory order book into recognized revenue.
- The trajectory of net margins after the recent slip.
The full read
Almondz Global Securities logged a 34% revenue jump to ₹72.55 crore in the March quarter, but profit didn't follow the trend. Net profit dropped to ₹5.37 crore compared to ₹6.04 crore in the same period last year. Management pointed to two pillars for the coming fiscal year: a completed biofuel plant in Odisha and a ₹260 crore order book in infrastructure advisory. The biofuel facility remains the primary point of uncertainty. While construction is finished, the company awaits procurement contracts from oil marketers, which are now slated for June. If those contracts land, they provide the revenue base for the advisory segment's projected 18-20% growth. For now, Almondz is caught in a familiar transition—trading current profitability for the promise of pending industrial tenders. June is the next real test.
Almondz Global Securities Ltd.
Latest quarter · Mar 2026
Leverage & growth
Story so far
All notes on ALMONDZ →- 22 May 2026 · 3:18 PM IST Almondz Global Securities revenue climbs 34%, but profit slips
- 30d ago Almondz gets exchange nod for ₹13.3 cr preferential warrant issue