Monarch Networth Capital Q2 FY27 Results: Consolidated Net Profit ₹56.56 Crore on Total Income of ₹124 Crore
Earnings
stockbroking and financial services
Blacklitt Research3 min read
Monarch Networth Capital (NSE: MONARCH) reported consolidated total income of ₹123.52 crore and net profit of ₹56.56 crore for the quarter ended 30 Sep 2026, it said in a filing on 29 Oct 2026. Standalone total income was ₹117.40 crore and net profit ₹52.48 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹123.52 crore, up 48.1% YoY and 35.1% QoQ
Net profit and EPS: ₹56.56 crore, up 25.8% YoY; basic EPS ₹7.13
Finance costs: ₹2.84 crore, up 108.6% YoY from ₹1.36 crore
Standalone
The company on its own, without its subsidiaries
Total income: ₹117.40 crore, up 46.8% YoY and 35.6% QoQ
Net profit and EPS: ₹52.48 crore, up 24.5% YoY; basic EPS ₹6.62
Finance costs: ₹3.87 crore, up 59.4% YoY from ₹2.43 crore
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
123.52
83.41
+48.1%
91.40
+35.1%
Revenue from operations
123.14
83.12
+48.2%
91.23
+35.0%
Other income
0.38
0.29
+27.4%
0.16
+128.1%
56.56
44.97
+25.8%
45.18
+25.2%
Profit before tax
72.10
60.80
+18.6%
55.59
+29.7%
Finance costs
2.84
1.36
+108.6%
2.30
+23.7%
Depreciation
2.36
1.90
+24.4%
2.26
+4.8%
Tax expense
15.53
15.83
-1.9%
10.41
+49.2%
Net profit margin
45.79%
53.91%
-8.12 pp
49.43%
-3.64 pp
EPS, basic (₹)
7.13
5.67
+25.7%
5.70
+25.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew more slowly than income. Total income rose 48.1% year on year, while net profit rose 25.8%, and profit before tax rose 18.6%. Tax expense was ₹15.53 crore, slightly below the year-earlier ₹15.83 crore, so the tax expense as a share of profit before tax fell to 21.5%.
Finance costs of ₹2.84 crore are 2.3% of total income this quarter, against ₹1.36 crore a year earlier, when they were a smaller share of a smaller income base. The notes say that the consolidated results include fair value changes: a net gain of 587.35 lakh within revenue and a net loss of 1518.14 lakh in expenses for the quarter. The filing does not give the reason for the loss.
Consolidated borrowings other than debt securities were ₹86.82 crore at 30 Sep 2026, against ₹26.76 crore at 31 Mar 2026.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
117.40
79.98
+46.8%
86.56
+35.6%
Revenue from operations
117.07
79.83
+46.7%
86.44
+35.4%
Other income
0.33
0.15
+116.1%
0.12
+185.4%
52.48
42.15
+24.5%
41.91
+25.2%
Profit before tax
67.30
56.92
+18.2%
51.74
+30.1%
Finance costs
3.87
2.43
+59.4%
3.26
+18.4%
Depreciation
2.12
1.90
+11.6%
2.02
+5.2%
Tax expense
14.82
14.77
+0.4%
9.83
+50.9%
Net profit margin
44.70%
52.70%
-8.00 pp
48.42%
-3.72 pp
EPS, basic (₹)
6.62
5.32
+24.4%
5.29
+25.1%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 24.5% year on year, against 46.8% growth in total income. Profit before tax rose 18.2%, and tax expense was ₹14.82 crore, close to the year-earlier ₹14.77 crore.
Standalone finance costs of ₹3.87 crore are 3.3% of total income, up 59.4% on the year-earlier ₹2.43 crore. Standalone results show no net gain on fair value changes in the quarter, and standalone borrowings other than debt securities were ₹118.82 crore at 30 Sep 2026, against ₹58.76 crore at 31 Mar 2026.
Consolidated net profit of ₹56.56 crore is ₹4.08 crore higher than standalone net profit of ₹52.48 crore. Consolidated net profit grew 25.8% year on year, faster than standalone growth of 24.5%.
The auditor's limited review reports on both sets of results carry no modification of conclusion. For the consolidated results, the auditor did not review one subsidiary and relied on another auditor's report for it, and five subsidiaries were management certified. The quarter's figures are balancing figures between the six-month and June quarter figures, as the notes state.
Inference
The board approved a sub-division of each equity share of ₹10 face value into five shares of ₹2 face value, subject to a postal ballot of shareholders and other approvals. The notes record a final dividend of ₹1 per share approved at the AGM on 25 Sep 2026 and appropriated during the quarter; the consolidated note gives its amount as ₹7.93 crore, while the standalone note prints a different figure for the same dividend. The record date, the payment date, the postal ballot date and the reason for the fair value losses are not stated in the filing.
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MONARCHMonarch Networth Capital Ltd.
