Bombay Dyeing posts net profit of 1,253.33 crore in March quarter

  • The company reported total income of 2,791.08 crore during the period
  • Bombay Dyeing's total expenses were 1,547.42 crore, compared with 629.21 in the year-ago quarter

NEW 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.

This story has been published from a wire agency feed without modifications to the text.