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Monte Carlo Fashions posts wider Q1 net loss of Rs 23.4 crore
['Telangana Today']
Telangana Today
Monte Carlo Fashions posts wider Q1 net loss of Rs 23.4 croreMonte Carlo Fashions reported a wider consolidated net loss of Rs 23.4 crore for the June quarter despite a 7.6 per cent rise in revenue.
On quarter-on-quarter (QoQ), the company swung into Rs 23.4 crore loss in Q1, compared to Rs 5 crore profit reported in previous quarter of the last financial year (Q4 FY26), according to its stock exchange filing.
The company’s revenue from operations, however, rose 7.6 per cent year-on-year to Rs 149 crore during the April-June quarter, up from Rs 138.5 crore in the same period last financial year.
At the operating level, Monte Carlo’s EBITDA loss widened to Rs 12.7 crore in the first quarter, compared with an EBITDA loss of Rs 5.9 crore reported a year ago, as per its regulatory filing.
Following the result announcements, the shares of the company were trading 6.52 per cent or Rs 35.1 lower at Rs 503.05.