Monarch Surveyors Reports 44% Revenue Growth in H1 FY26, Strengthens Financial Position

Monarch Surveyors & Engg. Consultants , a leading infrastructure consultancy company, has reported robust financial results for the first half of fiscal year 2026, demonstrating strong growth and improved profitability.

Financial Highlights

The company's performance for H1 FY26 shows significant improvement across key financial metrics:

Particulars (in Rs. Lakhs)	H1 FY26	H1 FY25	YoY Growth
Revenue from Operations	7,319.78	5,069.21	44.4%
EBITDA	2,188.56	1,506.28	45.3%
EBITDA Margin	29.90%	29.71%	19 bps
Profit After Tax (PAT)	1,430.49	963.91	48.4%
PAT Margin	19.54%	19.02%	52 bps

Monarch Surveyors' revenue from operations surged to Rs. 7,319.78 lakhs in H1 FY26, marking a substantial 44.4% increase from Rs. 5,069.21 lakhs in the corresponding period of the previous year. This growth reflects the company's expanding project portfolio and successful execution of ongoing contracts.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed an impressive growth of 45.3%, reaching Rs. 2,188.56 lakhs. The EBITDA margin improved slightly to 29.90%, indicating enhanced operational efficiency.

Profit After Tax (PAT) witnessed a significant jump of 48.4%, rising to Rs. 1,430.49 lakhs from Rs. 963.91 lakhs in H1 FY25. The PAT margin also improved to 19.54%, showcasing the company's ability to translate revenue growth into bottom-line profitability.

Strong Order Book and Project Pipeline

Monarch Surveyors maintains a robust order book of Rs. 500.4 crores, providing visibility for future revenue growth. The company's diverse project portfolio spans across various infrastructure sectors, including railways, roads, and urban development.

Strategic Utilization of IPO Proceeds

Following its Initial Public Offering (IPO) in July 2025, Monarch Surveyors has begun strategically deploying the raised funds. As of September 30, 2025, the company has utilized Rs. 4.40 crores for working capital requirements and Rs. 28 lakhs for machinery upgrades. The remaining funds are earmarked for technology upgrades, geographic expansion, and talent acquisition, positioning the company for sustained growth.

Balance Sheet Strengthening

The company's balance sheet has shown significant improvement:

Total assets increased to Rs. 24,739.94 lakhs as of September 30, 2025, compared to Rs. 14,825.23 lakhs on March 31, 2025.
Shareholders' funds nearly doubled to Rs. 20,925.71 lakhs from Rs. 10,899.15 lakhs, reflecting the capital infusion from the IPO and retained earnings.
The debt-to-equity ratio improved to 0.18, indicating a stronger financial position and lower leverage.

Future Outlook

Monarch Surveyors is well-positioned to capitalize on India's infrastructure growth trajectory. The company is focusing on:

Accelerating project delivery across rail, road, and industrial corridors
Expanding LiDAR, 3D scanning, and geospatial capabilities
Deepening presence in Tier 1 & 2 cities and exploring select international markets
Strengthening governance and compliance frameworks post-listing

With its strong order book, improved financial metrics, and strategic initiatives, Monarch Surveyors appears well-equipped to benefit from the ongoing infrastructure development in India.

Investors and stakeholders will be keenly watching the company's performance in the second half of FY26 as it continues to execute its growth strategy and capitalize on the opportunities in the infrastructure consulting sector.

Monarch Surveyors & Engg. Consultants Limited , a leading infrastructure consulting firm, has announced it will hold an earnings conference call on November 17, 2025, at 4:30 PM IST to discuss its financial performance for the first half of fiscal year 2026 (H1FY26).

The call follows the company's announcement of financial results for the half-year ended September 30, 2025, which were released on November 10, 2025.

Key Participants

Several key executives will be present on the call to discuss the company's performance and outlook:

Dattatraya Karpe, Managing Director
Sunil Bhalerao, Whole-Time Director
Sanjay Vidwans, Whole-Time Director
Bhartesh Shah, Whole-Time Director
Srinivas Macha, Chief Operating Officer
Sunil Kokare, Business Head
Supriya Chougule, Chief Financial Officer
CA Mahesh Kanade, Consultant
Naman Kaur, Company Secretary

Conference Call Details

Timing	04:30 p.m. IST on Monday, November 17, 2025
Primary dial-in number	+91 22 6280 1341 / +91 22 7115 8242
International Toll-Free Numbers	Hong Kong: 800964448
	Singapore: 8001012045
	UK: 08081011573
	USA: 18667462133

Investors and analysts can also register for the call using the Diamond Pass Registration link provided by the company.

About Monarch Surveyors & Engg. Consultants Limited

Established in 1999 and headquartered in Pune, Monarch Surveyors & Engg. Consultants Limited is an infrastructure consulting firm providing end-to-end solutions across the project lifecycle. The company's services span from topographical surveys and detailed project reports (DPRs) to engineering design, project management, and supervision.

Monarch operates in multiple sectors, including transportation, urban planning, geospatial services, water resources, and energy. The company leverages advanced technologies such as GIS, LiDAR, and drone-based surveys to ensure accuracy, innovation, and efficiency in its solutions.

This earnings call will provide investors and analysts with an opportunity to gain insights into Monarch's financial performance and discuss the company's future prospects with its leadership team.