Monte Carlo Fashions Ltd. Share Price

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Positives Ajanta Pharma: Signed licensing agreement with Biocon Vikran Engineering: Received Rs 2,035 crore order

Monte Carlo Fashions Wins ₹147 Crore Solar Power Contracts Under PM KUSUM-C, Shares in Focus

Monte Carlo Fashions has received multiple Letters of Award worth around ₹147 crore from Madhya Pradesh Urja Vikas Nigam Ltd. (MPUVNL). The contracts are for setting up solar PV–based power plants with a total capacity of 35 MW (AC) under the PM KUSUM-C (Surya Mitra Krishi Feeders Scheme) in one district of Madhya Pradesh. These are grid-connected solar projects with an execution timeline of 18 months and a 25-year operational period. In the previous session, the stock closed at ₹722.70, down 0.71%. The 52-week high is ₹924.95 and the 52-week low is ₹507.40. Currently, the stock is about 22% below its high and over 42% above its low. The share price has gained 23% in the last six months. With a market capitalisation of about ₹1,498 crore, this order supports revenue visibility and highlights the company’s growing presence in the renewable energy EPC space.

Monte Carlo Fashions Diversifies into Renewables with ₹147 Crore Solar Win

Monte Carlo Fashions Limited, primarily known for its premium apparel brand, has made a strategic entry into the renewable energy sector by securing Letters of Award from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for a 35 MW (AC) solar photovoltaic power project under the PM-KUSUM-C scheme. The project, valued at approximately ₹147 crore (including GST), involves engineering, procurement, and construction (EPC) of grid-connected solar plants in one district of Madhya Pradesh. It will be executed within 18 months, followed by a 25-year tariff-based Power Purchase Agreement (PPA), ensuring long-term revenue stability. This marks a significant diversification beyond textiles, aligning with national sustainability goals and leveraging government initiatives to promote solar-powered agriculture. Notably, this is not a related-party transaction, reinforcing transparent and competitive bidding. With this move, Monte Carlo Fashions positions itself as a new player in India’s clean energy space, creating an additional growth avenue while contributing to rural energy security.

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Q4 results today: GIC, Aurobindo Pharma, Sumitomo Chemical, Nazara Tech, Sundaram Finance & Vadilal Industries

General Insurance Corporation of India, Aurobindo Pharma, Sundaram Finance, Fertilisers and Chemicals Travancore, Gillette India, SUMITOMO CHEMICAL INDIA LIMITED, Bayer CropScience, KEC International, Brainbees Solutions, Blue Dart Express, Schneider Electric Infrastructure, Action Construction Equipment, Nazara Technologies, Olectra Greentech, Maharashtra Seamless, Akums Drugs Pharmaceuticals, Shilpa Medicare, Powergrid Infrastructure Investment Trust, Rategain Travel Technologies, Insolation Energy, Infibeam Avenues, PTC India, Grauer and Weil (India), Pilani Investment and Industries Corporation, Optiemus Infracom, Yatharth Hospital and Trauma Care Services, Balaji Amines, Awfis Space Solutions, Vadilal Industries, Orchid Pharma, Jindal Drilling Industries, Stanley Lifestyles, India Pesticides, Bajaj Healthcare, Monte Carlo Fashions, Vadilal Enterprises, Shalimar Paints, Suraj, KM Sugar Mills, Ashapuri Gold Ornament, Orient Press, Three M Paper Boards, LCC Infotech, Universal Starch Chem Allied, Victoria Mills, Rishi Techtex, Smart Finsec, Gujarat Terce Laboratories, Vikram Aroma, CHALLANI CAPITAL, Sree Jayalakshmi Autospin, Amiable Logistics India, Finelistings Technologies, Phyto Chem (India), Jayatma Industries, Agio Paper & Industries, Shakti Press, and Rajkot Investment Trust, among others are the companies declaring results today.

Monte Carlo Fashions Q1 Results : loss rise by 14.4% YOY

Monte Carlo Fashions Q1 Results Live : Monte Carlo Fashions declared their Q1 results on 05 Aug, 2024. The topline decreased by 9.2% & the loss increased by 14.4% YoY. Compared to the previous quarter, the revenue declined by 38.99% and the loss decreased by 25.32%. The Selling, general & administrative expenses declined by 1% q-o-q & increased by 30.53% Y-o-Y. The operating income was up by 30.6% q-o-q & decreased by 1.98% Y-o-Y. The EPS is ₹-6.4 for Q1 which decreased by 14.49% Y-o-Y.