Bombay Dyeing & Manufacturing Co tanks 7% as Q4 net profit plunges 96% YoY
Shares of Bombay Dyeing and Manufacturng Business tanked seven.4 for each cent to Rs 63.forty five on the BSE on Wednesday just after the company’s consolidated March quarter gain plunged 96 for each cent calendar year-on-calendar year to Rs forty eight.63 crore. The company had posted a internet gain of Rs one,253.37 crore in the calendar year-back quarter.
For fiscal calendar year 2019-20, the company’s internet gain declined seventy three.26 for each cent to Rs 328.eighty five crore from Rs one,230.eleven crore in former calendar year. Web gain margin in Q4FY20 was at fifteen.51 for each cent, the company explained in a assertion.
Income from procedure declined 88.seventy six for each cent to Rs 313.ten crore all through the quarter less than evaluation, as versus Rs two,786.36 crore noted in the corresponding quarter of final fiscal. For the fiscal calendar year 2020, profits from operations slipped 57.22 for each cent to Rs one,894.sixty two crore comapred with Rs 4,429.seventy six crore posted in 2018-19.
Aside from, EBITDA arrived in destructive at Rs 24.eighty one crore in March 2020, down a hundred and one.seventy nine for each cent YoY, from Rs one,389.80 crore in March 2019.
The company advisable a dividend of Rs. .20 (20 Paise Only) for each equity share of Rs two each and every for the monetary calendar year finished March 31, 2020.
At ten:08 am, the stock was trading six.35 for each cent lessen at Rs 64.two on the BSE, as versus a 75 details, or .22 for each cent, rise in the benchmark S&P BSE Sensex. A combined one.57 million shares have improved hands on the counter on the NSE and BSE till the time of producing of this report. So considerably in monetary calendar year 2020-2021 (FY21), the stock price tag has surged fifty for each cent from a level of Rs forty five.eight to Rs 68.55 till June nine. In comparison, the Sensex has advanced fifteen.two for each cent.
