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Monarch Networth Capital Ltd

| Quarterly Financial Results Q3 FY 2025-26

BULLISH SENTIMENT

Report Source

⬤22nd Jan 26

Summary : Monarch Networth Capital reported strong Q3 FY26 standalone and consolidated financial results with increased revenue and profit, alongside the appointment of a key promoter to a leadership role.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Employees Benefit Expenses (Standalone Q3 FY26): 1,253.83 Lakhs.
  2. Fees and Commission Expenses (Standalone Q3 FY26): 721.59 Lakhs.
  3. Finance Costs (Standalone Q3 FY26): 288.97 Lakhs.
  4. Depreciation and Amortisation Expenses (Standalone Q3 FY26): 190.88 Lakhs.
  5. Other Expenses (Standalone Q3 FY26): 696.37 Lakhs.
  6. Standalone Q3 FY26 Revenue from Operations: 9,173.78 Lakhs.
  7. Consolidated Q3 FY26 Revenue from Operations: 9,119.58 Lakhs.
  8. Fees and Commission Income (Standalone Q3 FY26): 4,835.75 Lakhs.
  9. Interest Income (Standalone Q3 FY26): 3,206.26 Lakhs.
  10. Net Gain/(Loss) on Fair Value Changes (Standalone Q3 FY26): 1,131.77 Lakhs.
  11. Standalone Segment Assets (Dec 31, 2025): 1,37,468.84 Lakhs.
  12. Consolidated Segment Assets (Dec 31, 2025): 1,37,410.37 Lakhs.
  13. Standalone Other Equity (Dec 31, 2025): 81,428.30 Lakhs.
  14. Consolidated Other Equity (Dec 31, 2025): 84,579.75 Lakhs.
  15. Both standalone and consolidated financial results are presented.
  16. Auditors performed limited review on both sets of results.

Corporate Overview

  1. Monarch Networth Capital Limited operates in the capital market.
  2. Key services include broking and related services.
  3. Also involved in non-banking financial and insurance business.
  4. Serves FIIs, DIIs, mutual funds, banks, and pension funds.
  5. Recognized as a top-rated broking house in India.
  6. The tone is formal and factual, reporting on regulatory compliance and financial results.
  7. Retail network and institutional business clients.
  8. Includes FIIs, DIIs, mutual funds, banks, and pension funds.
  9. Fees and Commission Income
  10. Interest Income
  11. Net Gain/(Loss) on Fair Value Changes
  12. Other Income
  13. Broking and Related Services
  14. Non Banking Financial Business
  15. Insurance Business

Risk Factors

  1. New Labour Codes impact provision.
  2. Reliance on other auditors' reports.
  3. Market volatility affects fair value.
  4. Unaudited subsidiary financial information.

Key Drivers

  1. Strong Q3 revenue and profit growth.
  2. Key promoter appointed Group Director.
  3. Robust performance in broking services.
  4. Increased earnings per share.

Auditor’s Report

  1. Unmodified conclusion on limited review of standalone financial results.
  2. Unmodified conclusion on limited review of consolidated financial results.
  3. No audit opinion expressed, as it is a review engagement.
  4. Reliance on other auditors' reports for one subsidiary's financial information.
  5. Reliance on management-certified results for four other subsidiaries.
  6. Conclusion not modified despite reliance on other auditors/management.

Board Commentary

  1. Appointment of Mr. Shailen Ramesh Shah as Group Director and Key Management Personnel.
  2. Appointment effective from January 22, 2026.
  3. Estimated impact of new Labour Codes requiring a provision.
  4. Government of India notified four new Labour Codes on November 21, 2025.
  5. Company made an incremental provision of Rs. 41 lakhs for estimated impact.
  6. Allotment of 8,07,400 Equity Shares under Employee Stock Options Scheme 2021.

Corporate Governance

  1. Audit Committee reviewed and recommended financial results.
  2. Nomination and Remuneration Committee recommended appointment.

Management Discussion & Analysis

Performance Drivers

  1. Growth in Fees and Commission Income.
  2. Increase in Interest Income.
  3. Significant Net Gain on Fair Value Changes.
  4. Overall increase in total revenue from operations.