Bombay Dyeing Q3 net loss narrows to Rs 52.97 cr

Bombay Dyeing & Manufacturing Co Ltd today reported narrowing of net loss to Rs 52.97 crore for the third quarter ended December 31, 2016.
The company had posted a consolidated net loss of Rs 78.15 crore in the same period last fiscal, Bombay Dyeing said in a BSE filing.
Net sales during the period under review stood at Rs 372.6 crore as against Rs 325.77 crore in the year-ago quarter, up 14.38 per cent.
In the third quarter this fiscal, cost of materials consumer stood at Rs 221.49 crore as against Rs 207.25 crore a year ago, up 6.87 per cent.

The polyester segment posted a revenue of Rs 265.19 crore as compared to Rs 242.64 crore in the same quarter last fiscal, the company said.
Retail/textile segment had revenue of Rs 70.21 crore as against Rs 48.69 crore, while that of real estate had a revenue of 47.22 crore, up from Rs 44.22 crore in the year-ago quarter.