ACAvonmore Capital & Management Services511589Quarterly results

Q2 FY27 update: consolidated revenue Rs. 44.36 crore, profit Rs. 10.84 crore; 20-25% growth guidance

Q2 FY27 press release: consolidated revenue Rs. 44.36 crore and profit Rs. 10.84 crore, versus Rs. 37.04 crore and Rs. 5.99 crore a year ago.

By ScoutQuest · Mon 2 Nov 2026, 2:09 PM IST · 2 min read

Consolidated revenue

Rs. 44.36 crore

Consolidated profit

Rs. 10.84 crore

Full-year growth guidance

20-25%

What this update is

Avonmore Capital & Management Services has issued a press release on its unaudited standalone and consolidated results for the quarter ended September 30, 2026, with a business update for each vertical and an outlook for the rest of the year.

Consolidated numbers

• Total revenue of Rs. 44.36 crore in 2Q FY 2026-27, against Rs. 37.04 crore in 2Q FY 2025-26.
• Profit of Rs. 10.84 crore, against Rs. 5.99 crore in 2Q FY 2025-26.

Financial services

This vertical covers broking, wealth advisory, corporate advisory, merchant banking and debt and equity operations. It earned a profit of Rs. 2.21 crore in 2Q FY 2026-27, lower than a year earlier, even as revenue rose. The company attributes the lower performance to adverse capital market conditions, which reduced mark-to-market gains on its investment portfolio. It expects the merchant banking advisory business to grow in both revenue and profitability this financial year, supported by a pipeline of mandates under execution.

Green fuel (joint venture)

The biofuel and distillery business runs through Premier Green Innovations Private Limited (PGIPL), in which the company holds equity directly and through the holding company. PGIPL's total revenue was Rs. 202.24 crore with a profit of Rs. 12.59 crore in 2Q FY 2026-27.

• The Himachal plant is operational at full capacity.
• The Odisha plant has not yet begun commercial production on a full scale, as a procurement agreement with the Oil Marketing Companies (OMCs) is awaited. It did produce ethanol during the quarter.
• The OMCs have floated a tender for ethanol supply for FY 2026-27 and PGIPL has participated. The company expects full-fledged production and supply to start from the third week of November 2026, once the OMC allocation process is complete.

Infrastructure consulting

Revenue and profit both rose from a year earlier, helped mainly by higher revenue from DPR (detailed project report) projects. AGICL's new order book in the first half of FY 2026-27 is more than double the level of the same period last year, and the company says the orders will be executed over a multiyear period, giving visibility on delivery and revenue as the mandates are mobilised.

NBFC activities

Revenue and profit for this vertical were lower than in the same quarter a year earlier.

Outlook

Management expects growth in revenue and profitability for the current financial year, with guidance of 20-25% compared with the previous financial year, and hopes to sustain the growth trend in the infrastructure consulting business.

What a retail investor may track

• Start of full-scale commercial production at the Odisha plant once the OMC procurement agreement is in place.
• Whether capital market conditions improve for the financial services vertical, since mark-to-market swings affect its profit.
• Execution of the infrastructure order book over the stated multiyear period, and conversion of the merchant banking mandate pipeline.

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