Bombay Dyeing net dips 61%

BS 200 Scorecard

Bombay Dyeing & Manufacturing Company has posted 61.4 per cent dip in net profit at Rs 10.26 crore for the quarter ended September 30 against Rs 26.58 crore in the corresponding period last year.

The company's revenue during the period decreased 51.2 per cent to Rs 131.49 crore from Rs 269.43 crore for the same period last year.

Operating profit, consequently, declined 43.49 per cent to Rs 19.76 crore in the quarter under review from Rs 34.97 crore a year ago.

Earnings per share for the September quarter stood at Rs 2.66 compared with Rs 6.89 in the corresponding quarter of the previous financial year.

In a period of overall bad show, other income also fell 13.63 per cent to Rs 4.88 crore for the quarter from Rs 5.65 crore during the corresponding period last year.

The September quarter witnessed reduction in the consumption of raw material and purchase of goods to Rs 53.36 crore from Rs 154.67 crore in the corresponding quarter of 2005-06.