Monarch Surveyors and Engineering Consultants has secured a domestic work order worth ₹4.36 crore from the Office of the District Superintendent of Land Records, Parbhani, Maharashtra. According to reports from Business Standard, the contract involves the selection of agencies for licensed surveyor services for the District Superintendent of Land Records, Parbhani, with work commencing immediately and completion expected within specified contract timelines. The contract has been awarded by a domestic government entity and is subject to necessary approvals from relevant governmental authorities.
The total contract value stands at ₹4,36,00,000 (approximately ₹4.36 crore), with consideration to be paid in cash. As reported by Business Standard, the contract has been awarded by a domestic government entity and is subject to necessary approvals from relevant governmental authorities. The company clarified that this transaction does not qualify as a related-party transaction, with neither its promoter nor the promoter group having any interest in the contract.
According to Business Standard, Monarch Surveyors provides end-to-end consultancy services for infrastructure projects, including survey, design, and technical supervision for roads, railways, metros, town planning, geospatial mapping, land acquisition, water, transmission lines, pipelines, and other civil engineering sectors. The company reported a 16.1% rise in standalone net profit to ₹34.83 crore on a 10.5% increase in revenue to ₹154.14 crore in FY25 compared with FY24.
As reported by Business Standard, the company's counter shed 0.72% to settle at ₹221.50 on the BSE. The stock movement reflects mixed investor sentiment following the contract announcement, with the company's shares trading within the broader market context.
