Bombay Dyeing & Manufacturing Co. Ltd. has announced its financial reports for the second quarter ended 30 September.
The company has faced a 72.51 per cent decline in consolidated net profit at Rs. 89.19 crore as compared to a net profit of Rs. 324.51 crore in the previous year for the July-September quarter.
The company’s revenue from operations fell 33.31 per cent to Rs. 555.25 crore during the quarter under review as against Rs. 832.62 crore in the corresponding quarter a year ago, while total expenses declined 21.71 per cent to Rs. 473.75 crore as against Rs. 605.19 crore.
The company has informed that its board has appointed Hitesh Vora as the Chief Financial Officer (CFO).
Revenue from real estate segment stood at Rs. 193.39 crore in the given quarter, down 45.72 per cent from Rs. 356.33 crore for the same period last fiscal.
Revenue from polyester segment was at Rs. 268.38 crore, down 34.21 per cent from Rs. 407.99 crore posted in the year-ago period.
Revenue from retail/textiles segment rose 36.86 per cent to Rs. 93.48 crore as against Rs. 68.30 crore.
Shares of Bombay Dyeing & Manufacturing Co. on Monday settled at Rs. 91.05 on the BSE, up 0.05 per cent from previous close.
Source:-https://in.apparelresources.com/