Newly-listed Augmont Enterprises shares fall 3% as Q1 net profit declines 15% to Rs 58 crore

Reports coming in for today mention that Newly-listed Augmont Enterprises shares declined more than 3 percent on Tuesday after the integrated precious metals management firm noted a 15.3 percent year-on-year slide in net earnings for the June quarter, despite a 30 percent climb in topline.

The stock hit an intraday low of Rs 825.20 per share on the NSE, down nearly 7 percent. It later recovered some ground following value buying at softer marks and was trading at Rs 864.70 per share, down 2.54 percent, at around 10:05 am.

Augmont Enterprises noted a 15.3 percent year-on-year slide in net earnings to Rs 58 crore in the first quarter of FY27, compared with Rs 68 crore in the year-ago period.

Topline from operations rose 30.2 percent year-on-year to Rs 18,946 crore from Rs 14,552 crore.

Augmont stated the slide in earnings was largely attributable to international sales, which were unusually concentrated in the first quarter of the previous year. It further noted that geopolitical disruptions in the Middle East weighed on export volumes during the quarter.

The firm stated international sales recovered sequentially from the fourth quarter of FY26, indicating a gradual normalisation of the export channel despite continued uncertainty.

Augmont Enterprises shares made a decent market debut in August, stock-exchange debut nearly 22 percent above the initial public offering (IPO) price after the offering was subscribed 105.78 times between August 21 and 25.

The shares were listed at Rs 961 per share on the NSE, a premium of 21.95 percent. The Rs 825-crore offering had a price range of Rs 750-788 per share.

On the BSE, the shares were listed at Rs 956 per share, a premium of 21.32 percent. The firm's market capitalisation after stock-exchange debut stood at Rs 8,735.31 crore.

Augmont Enterprises operates an integrated gold and silver platform serving businesses and consumers across 24 states. Its operations span gold and silver value-chain activities, including procurement and refining, bullion trading, digital gold offerings, jewellery manufacturing, financial services and related technology platforms.