Bombay Dyeing net rises 21%

CORPORATE SCORECARD

Wadia Group firm Bombay Dyeing and Manufacturing Company has reported a 21.13 per cent rise in net profit at Rs 17.88 crore for the first quarter ended June 30, compared with Rs 14.76 crore for the same period last year.

Total income (net of excise) increased 7.45 per cent to Rs 133.58 crore (Rs 124.31 crore), Bombay Dyeing said in a filing to the BSE. The company's board of directors at a meeting today approved the allotment of 19.30 lakh warrants to it promoters on preferential basis, it added. The warrant holders would be able to apply for an equivalent number of equity shares of the company anytime within 18 months from the date of allotment.

Pricing of the issue would be in accordance with the Sebi guidelines.