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H1FY22 net profit rises 3x to INR 30.2 crore; in process to launch the second AIF, group plans to foray into the MF business

Consolidated results at a glance for the half year ended September’2021

* Revenue from operations up by 35.9% YOY to INR 60.42 crore

* Total income up by 56.2% YOY to INR 76.73 crore

* Profit After Tax (PAT) up 3x YOY to INR 30.2 crore

* Earnings Per Share (EPS) at INR 9.73 for the half year ended Sept’21 vs. INR 3.22 for the half year ended on Sept’20

* AIF returns at 65.28%*

Ahmedabad : Monarch Networth Capital Limited, a leading full-service financial services company with businesses spread across retail broking, wealth & third-party products distribution, global access, institutional equities, investment banking and fund management, today reported its financial performance for the quarter and half year ended 30th September, 2021 (Q2FY22 & H1FY22).

Commenting on the robust performance, Mr. Vaibhav Shah, Managing Director, Monarch Networth Capital Limited said, "Our Q2FY22 performance has been in line with our expectations. It is noteworthy that all our business verticals have contributed to this performance. Besides offline transactions, we have seen a significant increase in our digital platform usage and our active client ratio has also seen growth.

With client centricity at the helm of everything we do at Monarch, we have significantly invested in building quality human capital across all verticals, which will further augment the customer experience throughout the life cycle. We are also investing in building and upgrading our tech capabilities to reach our “digital transformation” goal by FY2023.

Our maiden Cat III AIF Fund launched in Oct'20 has recently completed its first successful year and has generated returns of 65.28% as of 30th September, 2021, as compared to the Nifty 50 TRI return of 49.84%. Following its success, we are in process to launch our second AIF in December’21 post regulatory clearances. Like I mentioned in the last quarter, we have also significantly advanced our plans to foray into the MF business.

Needless to the say what we are trying to inculcate at MNCL is a collective effort of multiple teams, our strong research capabilities, customer support, wide range of products & technological advancements. And we are committed to deliver value to all our stakeholders as always.

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