Monarch Surveyors H1 FY27 Revenue Dips, Profit Rises

Revenue from Operations: 9,935.98 (H1 FY27) vs 9,979.27 (H1 FY26) vs 17,169.06 (FY26)
Other Income: 116.40 (H1 FY27) vs 348.43 (H1 FY26) vs 507.93 (FY26)
Total Income: 10,052.39 (H1 FY27) vs 10,327.70 (H1 FY26) vs 17,676.99 (FY26)

Operating Charges: 4,182.15 (H1 FY27) vs 4,412.77 (H1 FY26) vs 7,344.44 (FY26)
Employee Benefits Expense: 2,215.38 (H1 FY27) vs 1,917.71 (H1 FY26) vs 3,482.58 (FY26)
Finance Cost: 161.06 (H1 FY27) vs 74.85 (H1 FY26) vs 173.36 (FY26)
Depreciation and Amortization: 327.50 (H1 FY27) vs 137.85 (H1 FY26) vs 375.30 (FY26)
Other Expenses: 920.06 (H1 FY27) vs 609.25 (H1 FY26) vs 1,246.53 (FY26)
Total Expenses: 7,806.16 (H1 FY27) vs 7,152.43 (H1 FY26) vs 12,622.23 (FY26)

Profit Before Tax: 2,246.22 (H1 FY27) vs 3,175.26 (H1 FY26) vs 5,054.76 (FY26)
Tax Expense: 235.01 (H1 FY27) vs 749.79 (H1 FY26) vs 1,331.41 (FY26)
Current Tax: 350.00 (H1 FY27) vs 789.21 (H1 FY26) vs 1,214.29 (FY26)
Deferred Tax: (114.99) (H1 FY27) vs (39.43) (H1 FY26) vs 17.11 (FY26)
Profit for the Period: 2,011.21 (H1 FY27) vs 2,475.48 (H1 FY26) vs 3,723.36 (FY26)

Share Capital: 1,415.60 (Sep 2026) vs 1,415.60 (Mar 2026)
Reserves and Surplus: 25,504.42 (Sep 2026) vs 21,693.33 (Mar 2026)
Total Shareholders' Funds: 26,998.62 (Sep 2026) vs 23,108.93 (Mar 2026)
Long Term Borrowings: 4.77 (Sep 2026) vs 772.07 (Mar 2026)
Deferred Tax Liabilities: 0.00 (Sep 2026) vs 54.99 (Mar 2026)
Other Long Term Liabilities: 357.72 (Sep 2026) vs 232.00 (Mar 2026)
Short Term Borrowings: 192.95 (Sep 2026) vs 168.18 (Mar 2026)
Trade Payables: 3,197.73 (Sep 2026) vs 1,177.74 (Mar 2026)
Other Current Liabilities: 1,236.68 (Sep 2026) vs 967.08 (Mar 2026)
Short Term Provisions: 304.79 (Sep 2026) vs 60.08 (Mar 2026)
Total Liabilities: 30,373.49 (Sep 2026) vs 26,852.26 (Mar 2026)

Property, Plant & Equipment: 5,693.06 (Sep 2026) vs 4,800.51 (Mar 2026)
Intangible Assets: 163.37 (Sep 2026) vs 107.82 (Mar 2026)
Non-current Investments: 1,176.60 (Sep 2026) vs 0.00 (Mar 2026)
Long Term Loans and Advances: 25.11 (Sep 2026) vs 145.00 (Mar 2026)
Deferred Tax Assets: 59.99 (Sep 2026) vs 0.00 (Mar 2026)
Other Non-current Assets: 818.67 (Sep 2026) vs 492.78 (Mar 2026)
Trade Receivables: 7,712.51 (Sep 2026) vs 5,308.21 (Mar 2026)
Cash and Bank Balances: 1,484.03 (Sep 2026) vs 2,814.80 (Mar 2026)
Short Term Loans and Advances: 74.04 (Sep 2026) vs 313.42 (Mar 2026)
Other Current Assets: 3,197.61 (Sep 2026) vs 841.45 (Mar 2026)
Total Assets: 30,373.49 (Sep 2026) vs 26,852.26 (Mar 2026)

Cash Flow from Operating Activities: 4,688.09 (H1 FY27) vs (3,774.81) (FY26)
Cash Flow from Investing Activities: (5,548.35) (H1 FY27) vs (2,592.81) (FY26)
Cash Flow from Financing Activities: (500.10) (H1 FY27) vs 8,124.79 (FY26)
Net Change in Cash: (1,360.36) (H1 FY27) vs 1,757.16 (FY26)
Cash and Equivalents at End: 1,484.44 (Sep 2026) vs 2,844.80 (Mar 2026)

Revenue from Operations: 10,091.05 (H1 FY27)
Other Income: 116.40 (H1 FY27)
Total Income: 10,207.45 (H1 FY27)
Total Expenses: 8,090.56 (H1 FY27)
Profit Before Tax: 2,116.90 (H1 FY27)
Tax Expense: 235.01 (H1 FY27)
Profit for the Period: 1,581.89 (H1 FY27)
Basic EPS: 13.29 (H1 FY27)
Diluted EPS: 13.29 (H1 FY27)

1. Financial results reviewed by Audit Committee and approved by Board on November 02, 2026.

2. Company operates in single segment of engineering services and survey.

3. Equity shares listed on SME Platform of BSE Limited on July 29, 2025.

4. IPO proceeds utilization details:

Capital expenditure for machinery: ₹31.99 crore (Utilized: ₹10.05 crore, Unutilized: ₹21.94 crore)
Working capital requirements: ₹30.00 crore (Fully utilized)
General corporate purposes: ₹22.81 crore (Utilized: ₹18.87 crore, Unutilized: ₹3.94 crore)
Issue related expenses: ₹8.95 crore (Utilized: ₹8.24 crore, Unutilized: ₹0.71 crore)
Total unutilized amount of ₹26.59 crore invested in fixed deposits.

5. Company exempted from compulsory adoption of Ind AS as listed on SME exchange.

6. Figures for half year ended March 31, 2026 are balancing figures between audited FY26 and unaudited H1 FY26.

7. Company acquired G M & F E Ryan Pty Ltd on June 30, 2026 with 100% equity ownership, making it a subsidiary.

8. EPS figures have not been annualized.

9. This is the first time consolidated financial results are prepared following acquisition of subsidiary.

10. Subsidiary financials: Total assets ₹12.87 crore, revenue ₹1.55 crore, net loss ₹1.29 crore for quarter ended September 30, 2026.