Financial Performance Highlights (Standalone)

  • Revenue from Operations: ₹171.7 Crore, up 11.4% YoY
  • EBITDA: ₹26.18 Crore with EBITDA margin of 26.35% (down 225 bps YoY)
  • Profit After Tax: ₹20.11 Crore with PAT margin of 20.24% (up 219 bps YoY)
  • Basic EPS: ₹14.21, up 54.96% YoY
  • Other Income: ₹1.16 Crore

Financial Performance Highlights (Consolidated - including GMR acquisition)

  • Revenue from Operations: ₹100.91 Crore
  • EBITDA: ₹24.89 Crore with EBITDA margin of 24.67%
  • Profit After Tax: ₹18.82 Crore with PAT margin of 18.65%
  • Basic EPS: ₹13.29

Balance Sheet Position (Standalone as of September 30, 2026)

  • Total Assets: ₹282.7 Crore
  • Property, Plant & Equipment: ₹56.9 Crore
  • Intangible Assets: ₹1.6 Crore
  • Trade Receivables: ₹77.1 Crore
  • Cash and Bank Balances: ₹14.8 Crore
  • Total Equity: ₹249.2 Crore
  • Share Capital: ₹14.2 Crore
  • Reserves and Surplus: ₹235.0 Crore
  • Long Term Borrowings: ₹6.4 Crore

Strategic Acquisition

  • Completed acquisition of GMR Engineering Services (Australia) for AUD $1,810,000
  • Acquisition provides access to 7 Australian Government procurement panels
  • GMR has 20+ years operating history, 12 qualified employees, and 2,500+ projects executed
  • Debt-free acquisition with high client retention (~80%)

Order Book and Business Development

  • Total Order Book: ₹865 Crore executable over next 24-36 months
  • Major Recent Wins:
  • ₹87.18 Cr - FLS_CALA for New Line projects for Northern Railway
  • ₹28.79 Cr - Proposed Dhule-Mumbai Expressway DPR
  • ₹22.99 Cr - CALA for Northern Railway projects
  • ₹16.47 Cr - Maharashtra Green Roads Connectivity DPR for MRRDA
  • ₹130 Cr Northern Railway contract (36 months duration)
  • ₹100 Cr+ Somnath-Dwarka Expressway land acquisition project

Operational Highlights

  • Pan-India presence across 22 states with 80+ locations in Maharashtra
  • Services include engineering surveys, DPR, PMC, geospatial mapping, GIS, and land acquisition
  • Technology deployment includes LiDAR, MX9, drones, and GIS mapping
  • Team strength of 972 people, headcount up 36.90% by September 2026
  • Debt-to-equity ratio: 0.14 as of September 2026

Management Commentary and Outlook

  • Focus on disciplined growth, project execution, and cash generation
  • Priorities include delivering projects safely, improving productivity, strengthening cash conversion, and integrating GMR
  • Leveraging India's infrastructure development with government capex at ₹12.2 Lakh Cr in FY27
  • Railway capital outlay of ₹2.93 Lakh Cr in FY27 creating opportunities
  • Technology investment in fixed-wing LiDAR, drone fleet, and Trimble GEDO CE 2.0 trolleys
  • Focus on reducing debtor days (currently 110-117) and improving collections

Corporate Governance

  • Live earnings conference call scheduled for November 05, 2026 at 1:00 PM
  • Presentation available on company website at www.monarchltd.com
  • Board includes Managing Director Dattatraya Karpe and multiple whole-time directors
  • Independent directors provide governance and regulatory oversight