MONARCH reports 66% operating margin in consolidated Q1FY27
Other income was only Rs 0.16 cr against Rs 55.59 cr of pre-tax profit, while the results were filed after market close.
Filed 10 Aug 2026, 15:53 IST · after market close · MONARCH (MONARCH)
Key takeaways
- MONARCH converted consolidated revenue of Rs 90.89 cr into operating profit of Rs 59.98 cr, implying a 66.00% operating margin.
- Other income of Rs 0.16 cr was small against profit before tax of Rs 55.59 cr, limiting its contribution to reported earnings.
- Consolidated net profit was Rs 45.18 cr, with a tax rate of 18.73% and EPS of Rs 5.70.
Operating profit absorbed two-thirds of revenue
MONARCH's consolidated Q1FY27 revenue of Rs 90.89 cr produced operating profit of Rs 59.98 cr. Expenses were Rs 30.90 cr, leaving the company with a 66.00% operating margin. With no year-on-year or sequential comparison, the quarter sets a standalone reference point rather than a momentum signal.
Reported profit had limited support from other income
Other income of Rs 0.16 cr was small relative to profit before tax of Rs 55.59 cr, so the earnings profile was not materially dependent on that line. Interest of Rs 2.30 cr and depreciation of Rs 2.26 cr were deducted before pre-tax profit. The 18.73% tax rate resulted in consolidated net profit of Rs 45.18 cr.
No immediate market reaction was available
The company filed its consolidated Q1FY27 results after market close on 10 August 2026. The stock's response is therefore not covered in this note.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹91 cr |
| Other income | ₹0 cr |
| Expenses | ₹31 cr |
| Operating profit | ₹60 cr |
| Operating margin (%) | 66.00% |
| Interest | ₹2 cr |
| Depreciation | ₹2 cr |
| Profit before tax | ₹56 cr |
| Tax | ₹10 cr |
| Net profit | ₹45 cr |
| EPS (₹) | ₹5.70 |
What to watch
- Whether operating margin holds above 66.00% in the next reported quarter.
- Whether other income remains close to Rs 0.16 cr relative to profit before tax.
- Whether the tax rate stays near 18.73%.