Monarch Networth Q1 Results, Revenue Reaches ₹8,394.89 Lakhs and Net Profit Hits ₹4,005.58 Lakhs

Monarch Networth Q1 Results: Monarch Networth Capital announced its financial results for the first quarter ended June 30, 2024, on July 15, 2024. The company saw a significant increase in revenue, with a rise of 23% year-over-year, reaching ₹8,394.89 lakhs compared to ₹6,821.07 lakhs in the previous quarter.

However, other income sharply declined by 86.2% quarter-over-quarter, from ₹727.19 lakhs to ₹100.27 lakhs. Despite these fluctuations, Monarch Networth's profit before tax grew by 28.2% year-over-year, totaling ₹5,129.73 lakhs compared to ₹4,003.23 lakhs in the same quarter last year.

The company's total expenses for the quarter were reduced by 5.2% from ₹3,544.95 lakhs to ₹3,362.06 lakhs, contributing to a 31.5% increase in net profit after tax, which amounted to ₹4,005.58 lakhs compared to ₹3,053.86 lakhs in the previous quarter.

The earnings per share also improved significantly, rising by 31.5% from ₹9.02 to ₹11.83. Monarch Networth Capital's focus on scaling its operations and investing in technology has yielded positive results, positioning the company strongly for future growth amid a competitive financial services landscape.

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Monarch Networth Q1 Results 2024 - 2025

Here is a summary of Monarch Networth Capital's financial performance for the first quarter of 2024-2025:

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Monarch Networth Current Market Overview

Monarch Networth Capital is currently trading at ₹783 per share, with a market cap of ₹2,652 crore. The stock has seen a high of ₹840 and a low of ₹309 in recent times. It has a Price-to-Earnings (P/E) ratio of 18.1 and a Book Value of ₹102.

The company offers a dividend yield of 0.13% and has impressive financial metrics, with a Return on Capital Employed (ROCE) of 51.8% and a Return on Equity (ROE) of 43.4%. The face value of the shares is ₹10.

Quarterly Results

Here is a summary of Monarch Networth Capital's quarterly results for the periods ending December 2023, March 2024, and June 2024:

About Monarch Networth Capital

Monarch Networth Capital is a leading financial services company formed from the merger of Monarch Group of Companies and Networth Stock Broking. With over 20 years of experience, it offers a wide range of financial services including stock broking, mutual funds, insurance, and financial planning.

The company focuses on leveraging advanced technology and infrastructure to provide top-notch services to its clients. Known for its commitment to client satisfaction, Monarch Networth Capital aims to help individuals and businesses achieve their financial goals through customized and effective strategies.

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