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- Q2 FY27 results
Monarch Networth Capital Q2 FY27 results: net profit up 25.8% to ₹56.56 crore, revenue up 48.1%
Monarch Networth Capital Limited reported Q2 FY27 consolidated revenue of ₹123.14 crore, up 48.1% from ₹83.12 crore in Q2 FY26, with a net profit of ₹56.56 crore and basic EPS of ₹7.13. Against Q1 FY27, revenue rose 35.5% and profit before tax rose 29.7%, while the EBITDA margin fell to 62.5% from 66.0%.
Key points
- Q2 FY27 consolidated revenue was ₹123.14 crore, up ₹40.02 crore or 48.1% from ₹83.12 crore in Q2 FY26.
- EBITDA was ₹76.92 crore, up 20.6% year on year, and the EBITDA margin was 62.5% against 76.7% in Q2 FY26.
- Net profit was ₹56.56 crore, up 25.8% from ₹44.97 crore, and basic EPS was ₹7.13 against ₹5.67.
- Against Q1 FY27, revenue rose 35.5% to ₹123.14 crore, EBITDA rose 28.2% to ₹76.92 crore and net profit rose 25.2% to ₹56.56 crore.
- The board approved a 1-to-5 equity share split, subject to shareholder approval by postal ballot.
How did Monarch Networth Capital perform in Q2 FY27?
Monarch Networth Capital reported consolidated revenue of ₹123.14 crore for Q2 FY27, up ₹40.02 crore or 48.1% from ₹83.12 crore in Q2 FY26 and up ₹32.25 crore or 35.5% from ₹90.89 crore in Q1 FY27. EBITDA was ₹76.92 crore, against ₹63.77 crore a year earlier and ₹59.98 crore in the previous quarter, while the EBITDA margin fell to 62.5% from 76.7% and 66.0% respectively.
Profit before tax was ₹72.10 crore, up ₹11.30 crore or 18.6% from ₹60.80 crore in Q2 FY26 and up ₹16.51 crore or 29.7% from ₹55.59 crore in Q1 FY27. Tax was ₹15.53 crore and net profit was ₹56.56 crore, up 25.8% year on year and 25.2% from the previous quarter, with basic EPS of ₹7.13 against ₹5.67. On a standalone basis, revenue was ₹117.07 crore and net profit was ₹52.48 crore, against ₹42.15 crore a year earlier.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 123.14 | 90.89 | 83.12 | +48.1% | +35.5% |
| Other income | 0.38 | 0.16 | 0.29 | +31.0% | +137.5% |
| Total expenses | 51.42 | 35.46 | 22.61 | +127.4% | +45.0% |
| EBITDA | 76.92 | 59.98 | 63.77 | +20.6% | +28.2% |
| EBITDA margin | 62.5% | 66.0% | 76.7% | −14.2 pp | −3.5 pp |
| Profit before tax | 72.10 | 55.59 | 60.80 | +18.6% | +29.7% |
| Tax | 15.53 | 10.41 | 15.83 | −1.9% | +49.2% |
| Net profit | 56.56 | 45.18 | 44.97 | +25.8% | +25.2% |
| EPS (₹) | 7.13 | 5.70 | 5.67 | +25.7% | +25.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Monarch Networth Capital's costs and profit?
Total expenses rose to ₹51.42 crore in Q2 FY27 from ₹22.61 crore in Q2 FY26, a difference of ₹28.81 crore or 127.4%, against ₹35.46 crore in Q1 FY27. Other expenses were the largest reported component of the rise, at ₹12.12 crore versus ₹7.07 crore a year earlier and ₹16.53 crore in Q1 FY27, while finance costs were ₹2.84 crore against ₹1.36 crore and depreciation was ₹2.36 crore against ₹1.90 crore.
Employee cost was ₹12.26 crore, down ₹0.02 crore or 0.2% from ₹12.28 crore in Q2 FY26, and down ₹2.11 crore or 14.7% from ₹14.37 crore in Q1 FY27. Other income was ₹0.38 crore against ₹0.29 crore a year earlier and ₹0.16 crore in the previous quarter, and there was no exceptional item in the quarter. Tax was ₹15.53 crore, lower by ₹0.30 crore or 1.9% than the ₹15.83 crore a year earlier but higher by ₹5.12 crore than the ₹10.41 crore in Q1 FY27.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 12.26 | 12.28 | −0.02 | −0.2% |
| Finance costs | 2.84 | 1.36 | +1.48 | +108.8% |
| Depreciation | 2.36 | 1.90 | +0.46 | +24.2% |
| Other expenses | 12.12 | 7.07 | +5.05 | +71.4% |
| Total expenses | 51.42 | 22.61 | +28.81 | +127.4% |
| Other income | 0.38 | 0.29 | +0.09 | +31.0% |
| Tax | 15.53 | 15.83 | −0.30 | −1.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, consolidated revenue was ₹214.38 crore, up ₹33.28 crore or 18.4% from ₹181.1 crore in H1 FY26, and total income was ₹214.92 crore against ₹181.8 crore, a rise of 18.2%. Profit before tax was ₹127.69 crore, up 6.1% from ₹120.31 crore, while net profit was ₹101.75 crore against ₹90.22 crore, an increase of ₹11.53 crore or 12.8%. Basic EPS for the half year was ₹12.83 against ₹11.43.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 214.38 | 181.10 | +18.4% |
| Profit before tax | 127.69 | 120.31 | +6.1% |
| Net profit | 101.75 | 90.22 | +12.8% |
| EPS (₹) | 12.83 | 11.43 | +12.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹1,605.37 crore against ₹1,572.32 crore at 31 March 2026, and total equity was ₹1,065.36 crore against ₹971.41 crore. Cash and cash equivalents were ₹38.42 crore compared with ₹273.05 crore at the previous balance sheet date. Borrowings of ₹26.76 crore were reported at 31 March 2026, while trade receivables were ₹214.28 crore and trade payables ₹504.35 crore at that date.
The year-to-date cash flow showed operating outflow of ₹234.4 crore, compared with an outflow of ₹66.3 crore in H1 FY26. Investing activities recorded an outflow of ₹43.77 crore against an inflow of ₹70.67 crore a year earlier, and financing activities showed an inflow of ₹43.53 crore against an outflow of ₹19.24 crore. Capital expenditure was ₹2.31 crore against ₹2.38 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,605 | 1,572 |
| Total equity | 1,065 | 971.41 |
| Cash and equivalents | 38.42 | 273.05 |
| Inventories | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −234.40 | −66.30 |
| Cash from investing | −43.77 | 70.67 |
| Cash from financing | 43.53 | −19.24 |
| Capital expenditure | 2.31 | 2.38 |
Source: Company's results filing (XBRL).
How has Monarch Networth Capital done over the last 8 quarters?
Revenue over the last eight quarters moved from ₹76.65 crore in Q3 FY25 to a low of ₹60.97 crore in Q4 FY25, and reached ₹123.14 crore in Q2 FY27, the highest in the series. The previous peak was ₹99.87 crore in Q4 FY26, after which revenue fell to ₹90.89 crore in Q1 FY27 before rising again in the latest quarter.
Net profit bottomed at ₹24.71 crore in Q4 FY25 and reached ₹56.56 crore in Q2 FY27, the highest level in the series. The EBITDA margin peaked at 76.7% in Q2 FY26 and fell to 62.5% in Q2 FY27, after easing from 67.9% in Q4 FY26 to 66.0% in Q1 FY27.
Which businesses drove the quarter?
Broking and Related Services was the largest reported segment, with revenue of ₹117.4 crore and EBIT of ₹71.19 crore, giving an EBIT margin of 60.6%. No year-ago comparison was given for this segment. Non Banking Financial Business reported revenue of ₹6.18 crore, up 45.4% from ₹4.25 crore, and EBIT of ₹6.32 crore against ₹3.89 crore, with an EBIT margin of 102.4%.
Insurance Business reported revenue of ₹0.12 crore, down 32.8% from ₹0.18 crore, and EBIT of ₹0.32 crore below the ₹0.07 crore recorded a year earlier, with an EBIT margin of -262.3%. Asset Management Business reported revenue of ₹0.89 crore and EBIT of ₹0.8 crore below the line, while Others reported revenue of ₹0.07 crore and EBIT of ₹0.31 crore below the line.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Broking and Related Services | 117.40 | 71.19 | 60.6% | |
| Non Banking Financial Business | 6.18 | +45.4% | 6.32 | 102.4% |
| Insurance Business | 0.12 | −32.8% | −0.32 | -262.3% |
| Asset Management Business | 0.89 | −0.80 | -89.5% | |
| Others | 0.07 | −0.31 | -430.8% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
Alongside the results, the board approved the sub-division or split of each existing equity share of face value ₹10 into 5 equity shares of face value ₹2 each, fully paid up. The company said the proposal requires shareholder approval through postal ballot by remote e-voting only, along with other statutory and regulatory approvals. The board also approved the consequential alteration of Clause V, the Capital Clause, of the Memorandum of Association. The record date will be set after shareholder approval, and completion is tentatively expected within 2 months of that approval. The company said the rationale is to enhance affordability and accessibility for small retail investors, improve liquidity and encourage broader market participation. No dividend or fund raise was announced in the same-day filings.
How did Monarch Networth Capital shares react?
Earlier results-day moves were mixed: the stock fell 4.7% on 10 August 2026, rose 7.1% on 15 May 2026, fell 2.7% on 22 January 2026 and 1.8% on 23 July 2025, rose 1.1% on 27 May 2025, fell 7.4% on 7 February 2025 and 2.1% on 11 November 2024, and rose 7.1% on 15 July 2024. Five-day and one-month moves after the Q2 FY27 filing were not available.
| After the filing | Stock | Stockbroking & Allied median |
|---|---|---|
| 5 minutes | +0.4% | |
| 15 minutes | −0.2% | |
| 30 minutes | −1.1% | |
| Reaction day | −1.3% | −1.1% |
| Next day | −2.6% | +0.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 10 August 2026 | −4.7% |
| 15 May 2026 | +7.1% |
| 22 January 2026 | −2.7% |
| 23 July 2025 | −1.8% |
| 27 May 2025 | +1.1% |
| 7 February 2025 | −7.4% |
| 11 November 2024 | −2.1% |
| 15 July 2024 | +7.1% |
Source: MarketPing price-reaction measurement.
How did other Stockbroking & Allied companies do?
Among 27 Stockbroking & Allied companies compared for this quarter, the median revenue growth was 11.8%. Of the peers, 24 grew revenue more slowly than Monarch Networth Capital and 3 grew faster. Of 26 peers compared on profit, 15 reported higher profit, as of 4 November 2026.
| Monarch Networth Capital revenue growth (YoY) | +48.1% |
|---|---|
| Median of 27 other Stockbroking & Allied companies | +11.8% |
| Companies with slower revenue growth than Monarch Networth Capital | 24 of 27 |
| Companies with faster revenue growth than Monarch Networth Capital | 3 of 27 |
| Companies whose net profit rose | 15 of 26 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Monarch Networth Capital's revenue in Q2 FY27?
Revenue from operations was ₹123.14 crore, up 48.1% from ₹83.12 crore in Q2 FY26 (consolidated).
Did Monarch Networth Capital make a profit in Q2 FY27?
Yes. Net profit was ₹56.56 crore, against a net profit of ₹44.97 crore in Q2 FY26.
What was Monarch Networth Capital's EPS in Q2 FY27?
Basic earnings per share were ₹7.13, against ₹5.67 in Q2 FY26.
How did Monarch Networth Capital shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.3% from the previous close; the median Stockbroking & Allied stock moved −1.1%.
When did Monarch Networth Capital announce its Q2 FY27 results?
On 29 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Financial Results (BSE, 19 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting - Financial Results & Stock Split/Sub-Division (BSE, 29 October 2026) · PDF
- Financial Results For Quartre Ended September 30, 2026 (BSE, 29 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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