India's Monte Carlo Fashions hits 3-wk high as Q3 profit rises

Monte Carlo Fashions

07/02/2023 06:18

** Shares of Monte Carlo Fashions  MOCF.NS  rise as much as
3.2% to 680 rupees, their highest since Jan. 17
    ** The apparel company reported a 11.4% Y/Y rise in Q3
profit, though EBIDTA margin eased to 25% from 24.6% a year ago
    ** Revenue from ops climbed 12.5%, with cotton segment
contributing ~48% and woollens 34.3%, Co says
    ** Nearly 52,000 shares traded by 11:23 a.m. IST, 1.3x the
30-day avg
    ** Stock last up 0.7%, cutting YTD losses to ~4%
 
 ($1 = 82.6500 Indian rupees)
 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))