Monte Carlo Fashions Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 06, 2023 at 07:19 am EST
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Monte Carlo Fashions Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 2,124.3 million compared to INR 2,485.8 million a year ago. Revenue was INR 2,184 million compared to INR 2,525.9 million a year ago. Net income was INR 132.7 million compared to INR 303.1 million a year ago. Basic earnings per share from continuing operations was INR 6.4 compared to INR 14.62 a year ago. Diluted earnings per share from continuing operations was INR 6.4 compared to INR 14.62 a year ago.
For the six months, sales was INR 3,512 million compared to INR 3,614.5 million a year ago. Revenue was INR 3,646.8 million compared to INR 3,686.8 million a year ago. Net income was INR 16.7 million compared to INR 263.9 million a year ago. Basic earnings per share from continuing operations was INR 0.8 compared to INR 12.73 a year ago. Diluted earnings per share from continuing operations was INR 0.8 compared to INR 12.73 a year ago.
Monte Carlo Fashions Limited is an India-based apparel company. The Company is engaged in providing woolen and cotton wear for men, women and kids. The Company also has a presence in home textiles. It caters across all customer categories through its brands, Monte Carlo, Rock.it, Cloak & Decker, Luxuria, and Tweens. The Companyâs products are available pan India through a network of exclusive brand outlets (EBOs), multi-brand outlets (MBOs), shops in shops, distributors, national chain stores along with easy availability across various e-commerce platforms like Amazon, Flipkart, Myntra etc. Their distribution network covers 21 states and four union territories. The Company has a presence in approximately 2,500 MBOs, 356 EBOs and over 1,100 NCS & SIS model outlets. Its products range includes sweaters, t-shirts, jackets, sweatshirts, cardigan, dresses, tunics and others.