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Bombay Dyeing Reports Loss In March Quarter, Stock Edges Lower

Bombay Dyeing was final buying and selling 2.09 per cent decrease at Rs 67.80 on the BSE.

Share worth of Bombay Dyeing edged decrease by greater than two per cent on Thursday, April 29, a day after the corporate introduced its January-March quarter outcomes for the monetary 12 months 2020-21. On Thursday, Bombay Dyeing opened on the BSE at Rs 68.80, touching an intra day excessive of Rs 69.20 and an intra day low of Rs 66.35, within the buying and selling session to this point. Based on a regulatory submitting by the corporate to the BSE on April 28, Bombay dyeing reported a loss at Rs 166.74 crore within the March quarter of fiscal 2020-21, in comparison with a revenue of Rs 48.57 crore within the corresponding quarter final 12 months.

Bombay Dyeing is alleged to be the nation’s largest producer of textiles and it’s the flagship firm of the Wadia Group. Based on the assertion, Bombay Dyeing’s income from operations on a standalone foundation, stood at Rs 498.95 crore within the March quarter, in comparison with Rs 313.10 crore in the identical quarter final 12 months. The corporate’s complete earnings stood at Rs 507.75 crore within the fourth quarter of the ficsla 2020-21, in comparison with Rs 317.30 crore within the corresponding interval final 12 months.

When it comes to segment-wise income, polyester section’s web gross sales stood at Rs 282.91 crore within the March quarter, whereas retail/textile section’s web gross sales stood at Rs 5.84 crore within the quarter.

On the NSE, Bombay Dyeing opened at Rs 69, touching an intra day excessive of Rs 69.35 and an intra day low of Rs 67.20, within the buying and selling session to this point. It was final buying and selling 2.17 per cent decrease at Rs 67.70 on the NSE. 

Bombay Dyeing was final buying and selling 2.09 per cent decrease at Rs 67.80 on the BSE.

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