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Bombay Dyeing reduces losses in Q3

Bombay Dyeing, established in 1879, has reported a narrowing of net loss to Rs 52.97 crores for the third quarter ended December 31, 2016. The company had posted a consolidated net loss of Rs 78.15 crores in the same period last fiscal.

Net sales during the period under review stood at Rs 372.6 crores as against Rs 325.77 crores in the year-ago quarter, up 14.38 per cent. In the third quarter this fiscal, cost of materials consumed stood at Rs 221.49 crores as against Rs 207.25 crores a year ago, up 6.87 per cent. The polyester segment posted a revenue of Rs 265.19 crores as compared to Rs 242.64 crores in the same quarter last fiscal.

The retail/textile segment earned a revenue of Rs 70.21 crores as against Rs 48.69 crores while that of real estate had a revenue of 47.22 crores, up from Rs 44.22 crores in the year-ago quarter. The company’s textile products range from towels and bed covers to clothing and fabrics for men, women and children as well as polyester staple fiber. Bombay Dyeing also has a wide range of industrial fabrics that include microdot interlining, fabrics for shoe uppers, adhesives, abrasives, leather cloth and filters.

 
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