Monte Carlo Investor Presentation & Results Press Release

FINANCIAL UPDATE -
Q2 FY16 Revenues from Operations increased by 8.7 % to Rs. 1,366.2 mn. Revenues have increased mainly due to overall growth across all segments. Gross Margins improved by 452 bps to 52.7%.
Overall Growth Outlook is stable and positive due to good visibility on the Order book.
Q2 FY16 EBIDTA w/o Other income increased by 45.1 % YoY to Rs. 266.3 mn. EBIDTA Margin increased by 489 bps YoY to 19.5% from 14.6% in Q2 FY15 due to -
Driven by Robust Growth in Volumes and Better Product Mix.
Rationalization of Marketing & Advertising expenses as larger share of advertising expenses were incurred in Q1 FY16. Marketing & Advertising expenses decreased by 27.9% to Rs. 25.1 mn as compared to Rs. 34.8 mn in Q2 FY15.
Employee expenses have increased as the company has recently started in-house manufacturing at the cotton facility . No Major capex planned for next 2 years. Therefore, Positive Operating leverage witnessed as the production gains scale during the course of the year.
Q2 FY16 PAT increased by 75.1 % YoY to Rs. 136.3 mn. PAT Margin increased by 377 bps YoY to 10.0 % from 6.2% in Q2 FY15.
Balance Sheet Update - Inventory figures of September are not comparable to March as the Company manufactures woollen apparels for the upcoming winter season, therefore Inventory peaks in the month of September and receivables peak in the December quarter.