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Monte Carlo Fashions Ltd Q2FY24; 57% fall in Profits

Monte Carlo Fashions Ltd is engaged in manufacturing of designer woollen/ cotton readymade apparels and trading of readymade apparels and other products under its brand “Monte Carlo” which has also been recognized as a “Superbrand”.

Financial Results:

  • Monte Carlo Fashions Ltd reported Revenues for Q2FY24 of ₹212.00 Crores down from ₹249.00 Crore year on year, a fall of 14.86%.
  • Total Expenses for Q2FY24 of ₹201.00 Crores down from ₹212.00 Crores year on year, a fall of 5.19%.
  • Consolidated Net Profit of ₹13.00 Crores down 56.67% from ₹30.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹6.45, down 55.88% from ₹14.62 in the same quarter of the previous year.

Tags: Fashion
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