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Monarch Networth Capital Ltd Q1FY24; 42% rise in Profits

Monarch Networth Capital Limited is a provider of financial services in pure stock broking, primary market operations, mutual funds, insurance and financial planning. It is a strategic amalgamation of two financial service providers Monarch Group of Companies and Networth Stock Broking Ltd.

Financial Results:

Monarch Networth Capital Ltd reported Revenues for Q1FY24 of ₹41.00 Crores up from ₹33.00 Crore year on year, a rise of 24.24%.

Total Expenses for Q1FY24 of ₹21.00 Crores up from ₹20.00 Crores year on year, a rise of 5.0%.

Consolidated Net Profit of ₹17.00 Crores up 41.67% from ₹12.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.03, up 25.75% from ₹4.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Brokerage
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