Bilkulonline.com, Ahmedabad, June 9: Ahmedabad-based financial services provider, Monarch Networth Capital Limited (MNCL), posted strong results for the financial year 2017-18 that end on 31st March 2018. On consolidated basis, MNCL has posted record revenue of Rs. 94.58 crore, with a growth of 30.27% over the previous financial year. Consolidated EBIDTA of the company has grown to Rs 24.72 crore at a margin of 20.42%. The company’s consolidated net profit has grown by 42.33% over the previous financial year to Rs. 18.43 crore. Accordingly, standalone net profit of the company has increased by 33.36% to Rs. 15.66 cr with the total revenue of Rs. 78.98 cr.
Mr. Vaibhav Shah, Managing Director & Chairman, MNCL, said, “The results are very much in line with the company’s progress. The growth in the company’s revenue is on account of new customer acquisition while retaining the existing clients. We are continuously adding to our quality sales team at key locations that has also helped us focusing on our distribution business giving multifold boost to our Mutual Fund business in last financial year.
“In the coming years, with the capital market for Small and Medium Enterprises (SMEs) looking buoyant, we are all set to expand our merchant banking services for SMEs as well, to help them execute their IPO plans. We have also received, ‘Corporate Agency’ license and now will be going aggressively in insurance segment.” Mr. Shah added
|(Rs in Lacs)|
|Particulars||Financial Results Year ended 31st March 2018|
|FY 2017-18||FY 2016-17||% Growth||FY 2017-18||FY 2016-17||% Growth|
|Net Sales Revenue||7,334.54||5,409.94||35.58||9,026.19||6,495.63||38.96|