Transcript of the Post Earning Conference Call of the Company for H1 of FY 2025-26 held on November 17, 2025 at 04.30 P.M. is attached and also be uploaded on the website of the Company. ....
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Awaiting price reaction for this filing.
Monarch Surveyors reported strong H1 FY26 results with revenue from operations up 44% YoY to Rs 73.20 crore and profit after tax up 48% YoY to Rs 14.30 crore. EPS rose to Rs 10.11 from Rs 6.81, with margins improving due to in-house execution and technology investments. The company has an order book of about Rs 520 crore, with Rs 186 crore of new orders secured in H1, and a bidding pipeline of Rs 150-160 crore (success ratio of 5-12%). Order book mix is approximately 20-25% land acquisition, 25-30% road/DPR projects, and 10-15% railway/geospatial work. The company is expanding geographically (offices in Ahmedabad and Nashik) and exploring international and water management opportunities. No dividend policy exists yet, with management prioritising IPO fund deployment for growth.
Strong H1 numbers, healthy order pipeline, and margin expansion support a positive near-term outlook. However, management declined to give specific multi-year growth targets, absence of dividend and heavy government-tender dependence warrant caution.