Bombay Dyeing & Manufacturing Co Ltd on Wednesday stated its consolidated web loss has narrowed right down to Rs 41.74 crore for the fourth quarter ended March 2022. The corporate had posted a web lack of Rs 166.74 crore within the January-March interval a yr in the past, Bombay Dyeing & Manufacturing Co Ltd stated in a regulatory submitting. Its income from operations was up 19.85 per cent to Rs 598.01 crore, as towards Rs 498.95 crore a yr in the past.
Bombay Dyeing’s complete bills have been at Rs 645.08 crore, up 5.53 per cent in This autumn/FY 2021-22, as towards Rs 611.22 crore. “For the reason that nature of actual property actions being carried out by the Firm is such that earnings/losses from transactions of such actions, don’t essentially accrue evenly over the yr, outcomes of 1 / 4 is probably not consultant of earnings/losses for the yr,” the corporate stated.
The corporate’s income from the true property phase was Rs 140.60 crore, down 33.11 per cent, as towards Rs 210.20 crore. Whereas income from its Polyester enterprise was up 61.01 per cent to Rs 455.52 crore, as towards Rs 282.91 crore of This autumn/FY 2020-21. Income from retail/textiles enterprise was Rs 1.89 crore, as towards Rs 5.84 crore.
For the fiscal yr ended March 2022, Bombay Dyeing’s consolidated web loss was at Rs 460.32 crore. It has reported a web lack of Rs 469.13 crore for 2020-21. Its income from operations was at Rs 2,000.92 crore in 2021-22. This was 67.66 per cent increased than Rs 1,193.42 crore within the year-ago interval.
In the meantime, Bombay Dyeing stated contemplating the monetary results of the corporate for FY 2021-22, it was “unable to declare the dividend” for the stated yr.
Furthermore, the board of the corporate at their assembly held on Wednesday appointed Vinod Jain to the place of Chief Monetary Officer (CFO) and Chief Danger Officer (CRO) of the Firm with impact from Might 9, 2022. Shares of the Bombay Dyeing and Manufacturing Firm Ltd closed at Rs 117.85 on BSE, down 2.28 per cent from the earlier shut