BackBombay Dyeing posts net profit of ₹1,253.33 crore in March quarter
The company reported total income of ₹2,791.08 crore during the periodBombay Dyeing's total expenses were ₹1,547.42 crore, compared with ₹629.21 in the year-ago quarter
PremiumNEW DELHI : Bombay Dyeing & Manufacturing Co Ltd on Thursday reported a standalone net profit of ₹1,253.33 crore for the fourth quarter ended March 2019 led by its real estate activities.
The company had posted a net profit of ₹10.95 crore in the January-March period a year ago, Bombay Dyeing said in a BSE filing.
Its total income during the period was ₹2,791.08 crore. It was against ₹765.21 crore in the corresponding quarter a year ago.
Bombay Dyeing's total expenses was ₹1,547.42 crore, compared with ₹629.21 in the year-ago quarter.
"Since the nature of real estate activities being carried out by the company is such that profits/ losses from these transactions do not necessarily accrue evenly over the year, results of a quarter and year may not be representative of profits and losses for the year," the company said.
During the quarter, Bombay Dyeing's revenue from the real estate segment was ₹2,353.75 crore, compared with ₹405.78 crore a year ago.
While revenue from Polyester was ₹367.30 crore and retail and textile was at ₹65.31 crore. It was at ₹300.36 crore and ₹51.62 crore, respectively, in the corresponding quarter a year ago.
For the entire financial year 2018-19, the firm's profit shot up to ₹1,229.98 crore, compared with ₹34.41 crore in the previous year.
Its total income in the previous fiscal stood at ₹4,469.98 crore. It was ₹2,744 crore in 2017-18.
Meanwhile, in a separate filing, Bombay Dyeing said its board has recommended a dividend of ₹1.50 per equity share of ₹2 each for the financial year ended March 31.
Shares of Bombay Dyeing & Manufacturing settled on Thursday at ₹120.10 apiece, up 6.66 per cent, on the BSE.
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This story has been published from a wire agency feed without modifications to the text.
