Press Note : MNCL FY21 net profit rises by 13.5X to INR 25.72 crore - Monarch Networth Capital
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Monarch Networth Capital Limited - Financial Results
MNCL FY21 net profit rises by 13.5X to INR 25.72 crore
* FY21 consolidated results at a glance
* Revenue from operations up by 42.6% YOY to INR 92.5 crore
* Total income up by 46.4% YOY to INR 103.08 crore
* Profit After Tax (PAT) up 13.5X YOY to INR 25.72 crore
* Earnings Per Share (EPS) at INR 8.29 in FY21 Vs. INR 0.61 in FY20
* Dividend Per Share at INR 1/- per share
* AIF returns at 42.7%
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 all-round financial performance for the year ending 31st March, 2021 (FY21) as compared to its previous year’s performance i.e. FY20 (ending 31st March, 2020).
Commenting on the stellar results delivered by the company, Mr. Vaibhav Shah, Managing Director, Monarch Networth Capital Limited said, "We are happy to see the value we have been able to create for our clients, partners, stakeholders and employees. Increase in active retail clientele and noteworthy furtherance of institutional and corporate business during the year are a testament to our relationship-centered strategy. Our maiden Cat III AIF Fund launched in Oct'20 has generated an absolute return of 42.7%* as of June 18, 2021, which is among the top quartile of all Cat III long-only AIF funds in India. The Covid-19 situation has forced businesses to adopt efficient ways of doing business with technology and remote working at the helm of it. We at MNCL, are committed to deliver bestin-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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