Monarch Networth Capital Sees 18.8% YoY Rise In Net Profit In Q2FY25

Marking an improvement in its performance, Monarch Networth Capital or MNCL, an integrated financial services firm, reported an 18.8 per cent year-on-year (YoY) rise in its net profit in the second quarter of the current financial year (Q2FY25). As per the company’s consolidated financial results, its net profit (profit after tax) for the quarter reached Rs 44 crore. The company reported a total income of Rs 104.26 crore, up 33.3 per cent YoY.

For the first half of the current financial year (H1FY25), MNCL reported a 56.9 per cent YoY growth in total income, reaching Rs 189.21 crore. The net profit for H1FY25 stood at Rs 84.03 crore, marking a 55.5 per cent YoY increase. The company also reported earnings per share (EPS) of Rs 6.13, up from Rs 5.47 in Q2FY24.

“We take this opportunity to thank our promoters for their continued support, our customers who continue to repose their faith in us, team MNCL for their dedication and our loyal investors,” stated Gaurav Bhandari, Chief Executive Officer (CEO), MNCL. The Company also expressed its gratitude to its employees, and investors for their continued trust and support in its journey.

The EPS for H1FY25 was Rs 12.05, compared to Rs 7.98 in H1FY24. In Q2FY25, the company raised Rs 300 crore of equity capital from marquee investors including investments by their promoter and CEO. It also notified their maiden bonus issue of shares in the ratio of 1:1 to their shareholders. an annualised Return on Equity (RoE) of 30.1 per cent, the Company continues to showcase its improved financial position