Monarch Surveyors & Engg. Consultants , a recently listed company on the BSE SME platform, has reported robust financial results for the first half of the fiscal year. The company, which specializes in infrastructure consulting services, has shown significant growth in both revenue and profitability.

Financial Highlights

For the first half, Monarch Surveyors reported:

All financial figures in Rs. lakhs, except EPS in Rs.

The company's total income increased by 45% to Rs. 7,479.28 lakhs, while profit before tax rose by 55% to Rs. 2,012.11 lakhs.

Order Book and Project Pipeline

Monarch Surveyors maintains a robust order book of Rs. 520 crores, with projects spanning 12-36 months across various infrastructure segments. The company's services include:

• Land acquisition (20-25% of order book)
• Detailed Project Reports (DPR) for roads (25-30%)
• Railway segment projects (10-15%)
• Geospatial services
• Water sector projects
• Transmission line projects

Operational Highlights

• The company has expanded its presence to 22 states, with offices in Delhi, Guwahati, and plans to open new offices in Ahmedabad and Nashik.
• Monarch is exploring international opportunities, having recently attended technology summits and seminars in Riyadh.
• The employee base has grown from around 500 to over 630.

Management Commentary

Dattatraya Karpe, Managing Director of Monarch Surveyors, stated, "Our first set of results post-listing reflects our strong operational discipline and consistent project execution. The listing has strengthened our visibility, credibility, and financial capability, and we remain committed to driving sustainable growth."

Sunil Kokare, Business Head, added, "We are seeing strong demand from both government and private sector clients. Our focus remains on project quality, on-ground execution excellence, and adopting digital engineering practices to ensure precision and timely delivery."

Future Outlook

The management expressed confidence in the company's growth prospects, citing government initiatives in infrastructure development, particularly in the road and railway sectors. They also highlighted geospatial services as a potential growth driver for the next three years.

Monarch Surveyors aims to maintain its strong performance by:

1. Accelerating execution across railway, road, and other infrastructure projects
2. Expanding international outreach through targeted partnerships
3. Enhancing operational excellence with cross-provincial ticketing systems and KPI-driven performance culture
4. Investing in advanced technologies such as LiDAR, Drone Surveying, and Digital Modelling

As Monarch Surveyors continues to capitalize on the growing infrastructure sector, investors will be watching closely to see if the company can maintain its impressive growth trajectory in the coming quarters.

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:

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:

1. Accelerating project delivery across rail, road, and industrial corridors
2. Expanding LiDAR, 3D scanning, and geospatial capabilities
3. Deepening presence in Tier 1 & 2 cities and exploring select international markets
4. 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.