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Q1FY22 net profit rises 7.8x to INR 15.1 crore; plans to raise INR 250 cr of second AIF, INR 100 cr of start-up fund and foray into MF business

Consolidated results at a glance for the quarter ended June’2021

* Revenue from operations up by 103% YOY to INR 27.3 crore

* Total income up by 119.6% YOY to INR 34.9 crore

* Profit After Tax (PAT) up 7.8x YOY to INR 15.09 crore

* Earnings Per Share (EPS) at INR 4.86 in quarter ended June’21 Vs. INR 0.62 in quarter ended June’20

* AIF returns at 54.7%*

Ahmedabad, July 27, 2021: 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 ending 30th June 2021 (Q1FY22).

Commenting on the robust performance, Mr. Vaibhav Shah, Managing Director, Monarch Networth Capital Limited said, "Q1FY22 results are a testament to the value we have been able to create for our clients, partners, stakeholders and employees. Despite a severe second wave of Covid-19 that singed all of us and created a serious amount of despondency, we managed to fight out the disruption and emerged stronger. The broking industry is at a take-off point and with currently a very modest penetration of demat accounts and improving macro variables, we expect the industry to do well from a medium- to longterm perspective. At Monarch Networth, each of our business verticals has shown remarkable improvement as we stick to our ethos of client-first. We have seen further increase in active retail clientele and noteworthy progress of institutional and corporate business during the quarter.

Our maiden Cat III AIF Fund launched in Oct'20 has generated an absolute return of 54.7%* as of 26 th July, 2021, which is among the top quartile of all Cat III long-only AIF funds in India. Following its success, we are in the process of launching a second AIF of Rs. 250 cr (proposed) and are in the process of applying to the regulator for the same. We also plan to foray into the mutual fund business given the huge under-penetrated market and our strength in the retail business in FY22. With the knowledge economy as fulcrum of progress for the near future, we also plan to launch our maiden Rs. 100 cr start-up fund that will invest into new age tech-driven companies. We at MNCL, are committed to deliver best-in-class investing experience and achieve customer excellence by continuously investing in newer technologies, innovative products, experienced human capital and robust processes.”

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