Avonmore Capital subsidiary order book jumps 114%

announced strong order book growth at its step-down subsidiary, Almondz Global Infra Consultant Limited (AGICL). The subsidiary secured new orders worth ₹154 crore as of September 30, 2026, compared with ₹72 crore a year earlier. This represents approximately 114% YoY growth in the value of new orders, more than doubling the previous year’s level. AGICL’s total order book has also crossed ₹400 crore, strengthening its business visibility. The newly secured orders are scheduled for execution over three years, providing a multi-year project pipeline. The growth indicates improving order inflows for the infrastructure consultancy business, although actual revenue and profitability will depend on execution schedules, project margins and timely collections. My View: The update is positive for Avonmore Capital. AGICL’s new order value has more than doubled, while a total order book above ₹400 crore provides multi-year business visibility. The impact on the parent company will depend on the subsidiary’s contribution to consolidated revenue and profits. What to watch: Track order execution, revenue conversion, operating margins, payment collections and the subsidiary’s contribution to Avonmore Capital’s consolidated financial performance. Stance: AVONMORE – POSITIVE