MONTECARLOMonte Carlo Fashions Ltd.
Monte Carlo Fashions Q2 FY27 Results: Consolidated Net Profit ₹1.17 Crore on Total Income of ₹268 Crore
- Earnings
- textile garments
Reviewed byRachit TripathiBlacklitt Research
Monte Carlo Fashions (NSE: MONTECARLO) reported consolidated total income of ₹268 crore and a net profit of ₹1 crore for the quarter ended 30 Sep 2026, it said in a filing on 03 Nov 2026. Standalone total income was also ₹268 crore, with a net profit of ₹1 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹268 crore, up 4.1% YoY and 68.3% QoQ
- Net profit and EPS: ₹1 crore, down 92.8% YoY; basic EPS ₹0.56 against ₹7.84 a year earlier
- Finance costs: ₹15 crore, up 13.3% YoY, or 5.6% of total income
- Other income: ₹6 crore, down 35.0% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹268 crore, up 4.1% YoY and 68.3% QoQ
- Net profit and EPS: ₹1 crore, down 93.2% YoY; basic EPS ₹0.53 against ₹7.80 a year earlier
- Finance costs: ₹15 crore, up 13.1% YoY, or 5.6% of total income
- Other income: ₹6 crore, down 35.2% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 268 | 258 | +4.1% | 160 | +68.3% | |
| Revenue from operations | 262 | 249 | +5.5% | 149 | +76.1% |
| Other income | 6 | 9 | -35.0% | 10 | -42.5% |
| 1 | 16 | -92.8% | -23 | n/a | |
| Profit before tax | 1 | 22 | -93.3% | -32 | n/a |
| Finance costs | 15 | 13 | +13.3% | 12 | +19.2% |
| Depreciation | 18 | 16 | +13.6% | 17 | +7.7% |
| Tax expense | 0 | 6 | -94.7% | -8 | n/a |
| Net profit margin | 0.44% | 6.30% | -5.87 pp | -14.68% | +15.12 pp |
| EPS, basic (₹) | 0.56 | 7.84 | -92.9% | -11.30 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit fell 92.8% against total income up 4.1%. Profit before tax fell 93.3% to ₹1.46 crore, and tax expense of ₹0.29 crore is 19.9% of that profit before tax. Depreciation rose 13.6% to ₹18 crore and finance costs rose 13.3% to ₹15 crore, both growing faster than income.
The filing does not explain the fall in profit against the year-earlier quarter, which was ₹16 crore, nor the swing from a loss of ₹23 crore in the quarter ended 30 Jun 2026.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 268 | 258 | +4.1% | 159 | +68.3% | |
| Revenue from operations | 262 | 249 | +5.5% | 149 | +76.1% |
| Other income | 6 | 9 | -35.2% | 10 | -42.8% |
| 1 | 16 | -93.2% | -23 | n/a | |
| Profit before tax | 1 | 22 | -93.7% | -32 | n/a |
| Finance costs | 15 | 13 | +13.1% | 12 | +18.9% |
| Depreciation | 18 | 16 | +13.6% | 17 | +7.7% |
| Tax expense | 0 | 5 | -95.1% | -8 | n/a |
| Net profit margin | 0.41% | 6.27% | -5.86 pp | -14.66% | +15.07 pp |
| EPS, basic (₹) | 0.53 | 7.80 | -93.2% | -11.33 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone figures track the consolidated ones closely. Total income is ₹268 crore in both, and standalone net profit of ₹1.10 crore is level with the consolidated ₹1.17 crore to the nearest crore. Standalone net profit fell 93.2%, slightly more than the consolidated fall of 92.8%.
Standalone other income of ₹5.98 crore is 436.5% of standalone profit before tax of ₹1.37 crore. Tax expense of ₹0.27 crore is 19.7% of that profit before tax.
Inference
The filing says the Board approved a corporate guarantee of up to ₹117 crore for a term loan of MCFL Energy Projects Private Limited, a wholly owned subsidiary set up on 19 Jan 2026 for a 35 MW solar project in Madhya Pradesh. The company says the guarantee will be a contingent liability and that there is presently no impact of it on the company.
The auditor, Deloitte Haskins & Sells, issued a limited review report with no modification. The filing does not state how the solar project will be funded beyond the guarantee amount, or whether a dividend will be declared; the standalone other equity stood at ₹862.5 crore as at 30 Sep 2026.
Filed with BSE on . Reference: Original filing (PDF)
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