'Monte Carlo Fashions held its conference call on 18 February 2019 to discuss its results and future.
Dinesh Gogna – Director and Sandeep Jain – Executive Director addressed the call:
Highlights of the call:
The company has changed the policy of manufactured finished goods valuation from retail method to actual cost method. The company has applied the change in accounting policy retrospectively by adjusting the opening balance of equity for the earliest prior period presented and the other comparative amounts disclosed in unaudited financial results for each prior period presented to the extent possible.
December 2018 quarter sales grew 16% to Rs 375.56 crore.
PAT grew 21% to Rs 75.46 crore.
Nine months sales grew 13% to Rs 560.60 crore.
PAT grew 7% to Rs 88.54 crore.
Q3 generates highest quarterly revenues in any fiscal year.
Q3 typically involves sale of winter products.
This was the highest thir...
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