Monarch Networth Capital LimitedQ1 FY27 Results & Financial Update

Monarch Networth Capital Limited: Q1 FY27 consolidated results and company financials – total income ₹91.05 Cr, PAT ₹45.18 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: MONARCHPublished 24 Sep 2026Reported 10 Aug 2026Updated 5 Oct 2026~6 min read
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Total income change-7.5%Year-on-year
Profit after tax change-0.2%Profit after tax · year-on-year
Sequential change-0.8%Quarter-on-quarter

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Quarterly Results AnalysisExplore Monarch Networth Capital Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

For the quarter ended June 30, 2026, Monarch Networth Capital Limited posted consolidated total income of INR 91.05 crore, reflecting growth compared to INR 98.38 crore in the corresponding quarter of the previous year and INR 99.53 crore in the preceding quarter.

02

Consolidated profit before tax (PBT) for the quarter stood at INR 55.59 crore, compared to INR 59.51 crore in the year-ago period and INR 63.38 crore in the quarter ended March 31, 2026.

03

Consolidated net profit after tax (PAT) for Q1 FY27 was recorded at INR 45.18 crore, remaining steady compared to INR 45.25 crore in Q1 FY26 and INR 45.56 crore in Q4 FY26.

04

Basic and diluted earnings per share (EPS) for the quarter were reported at INR 5.70 and INR 5.69 respectively, compared to INR 5.76 basic EPS in the corresponding period of the previous year.

05

Segment performance highlights that broking and related services remained the primary revenue driver, contributing INR 53.79 crore in fees and commission income, while non-banking financial business and other segments contributed additional operational revenues.

06

Total expenses for the quarter were well-contained at INR 35.46 crore, encompassing employee benefit expenses of INR 14.37 crore, fees and commission expenses of INR 8.67 crore, finance costs of INR 2.30 crore, and other operating expenses.

07

The statutory auditors carried out a limited review of the unaudited financial results, issuing an unmodified conclusion on the consolidated statements approved by the Board of Directors on August 10, 2026.

01 · Business model

What does Monarch Networth Capital do?

Monarch Networth Capital Limited is a diversified financial services group operating across retail broking, institutional equities, investment banking, debt capital markets, wealth management, alternative investment funds, portfolio management services, and mutual funds.

The company generates its operational revenue primarily through fees and commission income from broking, merchant banking, and asset management services, alongside interest income and net gains or losses on fair value changes.

Monarch operates through its corporate and registered offices in Gujarat and Mumbai, serving a diverse base of institutional and retail clients across India.

The consolidated reporting structure includes several specialized subsidiaries covering non-banking financial business, insurance distribution, asset management, and advisory services.

02 · Financial snapshot

Current quarter vs the two useful baselines

MetricQ1 FY27Year-agoPrevious quarter
Total income₹91.05 Cr₹98.38 Cr₹99.53 Cr
Profit before tax₹55.59 Cr₹59.51 Cr₹63.38 Cr
Profit after tax₹45.18 Cr₹45.25 Cr₹45.56 Cr
EPS₹5.70₹5.76₹5.75

03 · Why it moved

Why the quarter looked the way it did

What drove revenue

Fees and Commission Income

Fees and commission income from broking, merchant banking, and asset management contributed INR 54.00 crore on a consolidated basis for the quarter ended June 30, 2026.

Interest Income

Interest income added INR 32.79 crore to consolidated revenues during the quarter.

Fair Value Changes

Net gain on fair value changes contributed INR 4.09 crore to the consolidated top line for Q1 FY27.

What drove margins

Employee Benefit Expenses

Employee benefit expenses stood at INR 14.37 crore for the consolidated entity during the quarter.

Fees and Commission Expenses

Fees and commission expenses were recorded at INR 8.67 crore for the quarter.

Finance Costs

Consolidated finance costs for the quarter amounted to INR 2.30 crore.

04 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Broking and Related Services

Broking and related services generated segment revenue of INR 90.05 crore before inter-segment eliminations and profit before tax and interest of INR 55.03 crore.

Non-Banking Financial Business

The non-banking financial business segment reported revenue of INR 4.50 crore and a profit before tax and interest of INR 4.08 crore for the quarter.

Asset Management Business

Asset management business contributed segment revenue of INR 1.06 crore and a profit before tax and interest of INR 0.22 crore.

05 · Strategy & new businesses

How the company is trying to change its growth mix

Employee Stock Options Scheme

During the quarter ended June 30, 2026, the company allotted 40,000 equity shares to the Monarch Networth Capital Limited Employees Welfare Trust under the Employee Stock Options Scheme - 2021.

06 · Reported developments

What changed operationally

Steady Profitability

The company maintained a stable net profit after tax of INR 45.18 crore for Q1 FY27, comparable to the previous quarters despite shifting market conditions.

07 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Approval and Review

The unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on August 10, 2026.

08 · Key Q&A

The quarter, answered directly

What does Monarch Networth Capital do?

Monarch Networth Capital Limited is a diversified financial services group operating across retail broking, institutional equities, investment banking, debt capital markets, wealth management, alternative investment funds, portfolio management services, and mutual funds.

What is the clearest takeaway from Q1 FY27?

For the quarter ended June 30, 2026, Monarch Networth Capital Limited posted consolidated total income of INR 91.05 crore, reflecting growth compared to INR 98.38 crore in the corresponding quarter of the previous year and INR 99.53 crore in the preceding quarter.

What drove revenue or demand?

Fees and commission income from broking, merchant banking, and asset management contributed INR 54.00 crore on a consolidated basis for the quarter ended June 30, 2026.

What mattered most for margins or profitability?

Employee benefit expenses stood at INR 14.37 crore for the consolidated entity during the quarter.

What changed operationally beyond the headline numbers?

During the quarter ended June 30, 2026, the company allotted 40,000 equity shares to the Monarch Networth Capital Limited Employees Welfare Trust under the Employee Stock Options Scheme - 2021.

What should the next disclosure help confirm?

Monitor the performance trajectory of non-banking financial, asset management, and broking segments in upcoming quarters.

09 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

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10 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Segment Performance: Monitor the performance trajectory of non-banking financial, asset management, and broking segments in upcoming quarters.

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