Bombay Dyeing Q2 net loss at Rs104 cr

Bombay Dyeing Q2 net loss at Rs104 cr


Mumbai: Wadia-promoted Bombay Dyeing & Manufacturing Company today said it has posted a net loss of Rs103.97 crore for the second quarter ended 30 September, while it registered a net profit of Rs18.77 crore over the corresponding period year ago.

The company commenced commercial production of polyester staple fibre last October. Hence, figures for the current quarter are not comparable with that of previous year.

The total income rose to Rs255.52 crore in the quarter under review, from Rs173.75 crore in the same period last fiscal, Bombay Dyeing said in a filing to the Bombay Stock Exchange.

For six months ended 30 September, the Apparel-maker registered a net loss of Rs152.31 crore, while it had posted a net profit of Rs46.44 crore over the year-ago period.

Total income rose to Rs588.06 crore for the six-month period, from Rs304.72 crore in the same period last year.

Shares of the company closed at Rs149.20, down 8.94% on the BSE.