Augmont Q2 PAT reaches Rs 120 crore as margin hits 1.14%

Augmont Enterprises Limited (Augmont) reported record consolidated profit after tax of Rs 120 crore in Q2FY27, while earnings before interest, tax, depreciation and amortisation (EBITDA) margin increased to 1.14% from 0.72% a year earlier. Total income declined to Rs 15,852 crore from Rs 21,754 crore as the business mix changed.

How did Augmont perform in Q2FY27?

Augmont delivered consolidated profit after tax (PAT) of Rs 120 crore in Q2FY27, compared with Rs 113 crore in Q2FY26, and described the quarter as its highest quarterly profitability. Its accompanying commentary gave PAT as Rs 120.3 crore, representing growth of 6.8% year on year and 97.7% quarter on quarter.

EBITDA increased 16.0% year on year to Rs 181 crore in Q2FY27 from Rs 156 crore in Q2FY26. EBITDA margin rose by 0.42 percentage points to 1.14%, while PAT margin increased by 0.24 percentage points to 0.76% from 0.52%.

The financial-highlights table uses rounded whole-crore values, whereas Augmont’s commentary reports Q2FY27 PAT of Rs 120.3 crore and year-on-year growth of 6.8%. Both disclosures identify the period ended September 30, 2026 as a record-profit quarter.

Why did Augmont's EBITDA margin rise to 1.14%?

Augmont said the 1.14% EBITDA margin in Q2FY27 reflected a better business mix and its focus on quality of earnings. Revenue from operations was Rs 15,836 crore, down 27% year on year, partly reflecting softer demand and a conscious move towards higher-margin domestic scrap sourcing.

Domestic scrap sourcing increased to about 24.5% of total procurement in Q2FY27 from about 3% in Q2FY26. Management said this approach supports the objective of reducing dependence on gold imports, although scrap sourcing has a relatively longer working-capital cycle that can reduce revenue throughput.

Silver sourcing also contributed during Q2FY27, according to management. Augmont used its Directorate General of Foreign Trade (DGFT) licence to import silver through the India International Bullion Exchange (IIBX) during constrained domestic availability, supporting availability and higher margins; management said the benefit was situational and linked to prevailing import restrictions.

Which Augmont businesses shaped the Q2FY27 revenue mix?

Augmont’s Enterprise business generated Rs 13,852 crore of Q2FY27 revenue, down 32% year on year, while Consumer business revenue rose 47.3% to Rs 1,984 crore. Consumer business represented 12.5% of Q2FY27 revenue, while the larger Enterprise business accounted for the greater part of the decline in revenue from operations to Rs 15,836 crore.

In its core business, Augmont reported Q2FY27 PAT of Rs 85 crore, around 2.5 times the prior-year amount, and EBITDA of Rs 113 crore compared with Rs 50 crore a year earlier. Management attributed this performance to its sourcing and distribution capabilities across banks, refiners, recycled gold, imports, IIBX and exchange-traded fund redemptions.

The segment comparison shows that Consumer growth of 47.3% did not offset the 32% fall in Enterprise revenue at the consolidated revenue level. Augmont instead linked the improvement in EBITDA margin from 0.72% to 1.14% to the changed sourcing mix, including a higher share of domestic scrap.

How did Augmont's H1FY27 results compare with last year?

Augmont’s H1FY27 total income was Rs 34,829 crore, down 4.1% from Rs 36,308 crore in H1FY26, while EBITDA rose 2% to Rs 265 crore from Rs 259 crore. EBITDA margin increased by 0.05 percentage points to 0.76% from 0.71% over the same six-month periods.

H1FY27 PAT was Rs 181 crore, compared with Rs 185 crore in H1FY26, while PAT margin edged up to 0.52% from 0.51%. The first-half figures therefore showed higher EBITDA and margins but Rs 4 crore lower PAT, and the release did not provide a separate explanation for that absolute PAT change.

Q2FY27 PAT of Rs 120 crore accounted for roughly two-thirds of H1FY27 PAT of Rs 181 crore using the reported rounded figures. Augmont specifically described Q2FY27 as record profitability, whereas H1FY27 total income and PAT remained below their H1FY26 comparatives.

What was Augmont's platform reach at September 30, 2026?

Augmont reported 52.3 million registered consumers, 245 fintech partners and 5,309 registered SPOT members as of September 30, 2026. Its network also included 20 SPOT delivery centres, 5,558 retail touchpoints and 122 Gold For All centres across India.

Augmont had two refineries as of September 30, 2026, and its SPOT platform serves business-to-business physical gold and silver bullion transactions. The company also disclosed an agreement with the National Stock Exchange of India for Electronic Gold Receipts as part of its technology-led precious-metals platform strategy.

The network data do not quantify future revenue or earnings. They describe the operating ecosystem alongside a Consumer business that generated Rs 1,984 crore in Q2FY27 revenue and a procurement network management cited in its explanation of the quarter’s margin expansion.

Conclusion

Augmont combined record Q2FY27 PAT of Rs 120 crore with EBITDA margin expansion to 1.14%, even as total income fell to Rs 15,852 crore. The reported pattern was higher profitability alongside lower revenue, with management attributing the change to business mix, domestic scrap sourcing rising from about 3% to about 24.5% of procurement, and situational silver sourcing benefits.

The next disclosed factors to watch are whether domestic scrap sourcing remains near the Q2FY27 share, whether Consumer revenue builds on its Rs 1,984 crore quarter, and whether silver margins continue under prevailing import restrictions. Augmont also has its Electronic Gold Receipts agreement with the National Stock Exchange of India as part of its stated platform strategy.