Textiles major Bombay Dyeing & Manufacturing Co Ltd reported a 72.51 per cent decline in consolidated net profit at Rs. 89.19 cr in the second quarter ended September 30. The company had posted a net profit of Rs. 324.51 cr in July-September quarter a year ago, Bombay Dyeing said in a BSE filing.
Its revenue from operations fell 33.31 per cent to Rs. 555.25 cr during the quarter under review as against Rs. 832.62 cr in the corresponding quarter a year ago. Bombay Dyeing’s total expenses declined 21.71 per cent to Rs. 473.75 cr as against Rs. 605.19 cr in the corresponding quarter last year.
Revenue from real estate segment stood at Rs. 193.39 cr in July-September quarter, down 45.72 per cent from Rs. 356.33 cr a year ago. Revenue from polyester segment was at Rs. 268.38 cr, down 34.21 per cent from Rs. 407.99 cr posted in the year-ago period.
Revenue from retail/textiles segment rose 36.86 per cent to Rs. 93.48 cr as against Rs. 68.30 cr. The company also informed that its board has appointed Hitesh Vora as the Chief Financial Officer. Shares of Bombay Dyeing & Manufacturing Co recently settled at Rs. 91.05 on the BSE, up 0.05 per cent from previous close.