Monarch Networth Capital has reported net revenue of Rs 76.73 crore for the half-year ended September 2021, a growth of 56.2% over the corresponding period the previous year. Profit after tax of the financial services company jumped three times to Rs 30.2 crore during this period.
Networth Capital Limited, a leading full-service financial services company with businesses spread across retail broking, wealth & third-party products distribution, global access, institutional equities, investment banking, and fund management, is planning to foray into the MF business
Networth Capital Limited, a leading full-service financial services company with businesses spread across retail broking, wealth & third-party products distribution, global access, institutional equities, investment banking, and fund management, is planning to foray into the MF business
Commenting on the robust performance, Vaibhav Shah, MD, said, “Our Q2FY22 performance has been in line with our expectations. It is noteworthy that all our business verticals have contributed to this performance. Besides offline transactions, we have seen a significant increase in our digital platform usage, and our active client ratio has also seen growth.”
He added that Cat III AIF Fund launched in October 2020, has recently completed its first successful year, and has generated returns of 65.28% as of September 30, 2021, compared to the Nifty 50 TRI return of 49.84%. Following its success, Monarch is in the process of launching our second AIF in December 2021 post regulatory clearances.
