Monte Carlo Fashions bottom-line jumps substantially in Q3FY18
Monte Carlo Fashions Limited reported robust quarterly performance for Q3FY18. The revenues for the quarter saw strong growth with robust margin expansion.
The revenue for the quarter rose by 22 per cent yoy and 158 per cent qoq to Rs. 356 crore in Q3FY18 as against Rs. 291 crore in previous year corresponding quarter and Rs. 138 crore in previous quarter.
The EBITDA for the quarter rose by 50 per cent yoy and more than doubled over previous quarter to Rs. 80 crore in Q3FY18 as against Rs. 53 crore in previous year corresponding quarter and Rs. 26 crore in previous quarter. Similarly EBITDA margins for the quarter also expanded by 420 bps yoy and 380 bps qoq to 22.5 per cent in Q3FY18.
Consequently, the bottom-line also improved steadily by 36.7 per cent yoy and 207 per cent qoq to Rs. 48.5 crore in Q3FY18 as against Rs.35 crore in Q3FY17 and Rs.16 crore in previous quarter.
The stock opened on Thursday at Rs. 601 per share and currently is trading at Rs. 582, up by 3.83 per cent