What was Monarch Surveyrs's revenue in Q4 FY26?

Monarch Surveyrs reported revenue of ₹172 Cr in Q4 FY26, a +11.4% change year-over-year.

Did Monarch Surveyrs management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Monarch Surveyrs Q4 FY26 Research Workspace: Revenue ₹172 Cr (+11.4%)

Q: What guidance did Monarch Surveyrs management give?

EBITDA margin sustainability: Management targets maintaining EBITDA margin around 30% in coming years, supported by project mix and operational efficiencies.

Revenue ₹172 Cr +11.4%

EBITDA ₹51 Cr

PAT ₹37 Cr +6.9%

EBITDA Margin 29.7%

Duration 80 min

Read Time 1 min read

Financial stats pending filing verification

2-Minute Summary

✦ AI-Generated from Full Transcript

Monarch Surveyors reported FY26 revenue of ₹171.7 crore, up 11.4% YoY, with EBITDA margin of 29.7% and PAT of ₹37.2 crore. Growth was driven by strong order inflows of ₹750+ crore, including a landmark ₹130 crore Northern Railway contract. However, execution lagged as H2 revenue declined to ₹99.8 crore from ₹115.9 crore in H2 FY25, and receivables ballooned to ₹55 crore. Management attributed delays to government approvals and staffing challenges, but offered no specific FY27 revenue guidance, only reiterating margin sustainability. The Australian acquisition of GMR Engineering for A$1.8 million adds ~₹17-20 crore revenue but raises questions about capital allocation given domestic execution issues. Risk: Persistent execution slippage could further widen the gap between order book growth and revenue conversion.

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Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Execution delays on large orders

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Quarter Snapshot

Order Book ₹615 crore

+25% YoY

Order book as of March 2026; excludes ₹130 crore order won in April 2026.

Order Inflows ₹750+ crore

+50% YoY

Total order inflows during FY26, reflecting strong bidding pipeline.

Employee Headcount 710

+13% YoY

Grew from 630 in March 2025 to 710; further increased to 740 post-call.

Receivables ₹55 crore

+83% YoY

Trade receivables jumped sharply; unbuilt portion ~₹13-14 crore.

Fast read

Guidance and risk preview

Top guidance EBITDA margin sustainability

Management targets maintaining EBITDA margin around 30% in coming years, supported by project mix and operational efficiencies.

Top risk Execution delays on large orders

The ₹100 crore Somnath Expressway project is behind schedule due to pending government alignment approval, raising concerns about timely revenue co...