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Monte Carlo Fashions posts Rs 65 cr revenue loss in Apr-Jun due to Covid-19

Monte Carlo said the Covid-19 pandemic followed by the nation-wide lockdown impacted the dispatches leading to revenue loss

Coronavirus, markets, companies, loss
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Monte Carlo said it has implemented stringent cost control measures and "is hopeful to sustain growth without any significant capex"

Press Trust of India New Delhi
Clothing firm Monte Carlo Fashions on Saturday said it incurred a revenue loss of Rs 65 crore in the April-June quarter this year and is operating at around 80 per cent capacity due to the impact of Covid-19 and resultant lockdowns.
"In-line with government directives, we resumed our operations on April 21, 2020, complying with government's safety and security norms for Covid-19. At present, we are operating at around 80 per cent capacity and gradually ramping up the capacity," Monte Carlo Fashions Ltd said in an investors presentation.
Monte Carlo said the Covid-19 pandemic followed by the nation-wide lockdown impacted the dispatches

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