Bombay Dyeing Q4 net profit up 75.10% to Rs 81.95 crore

NEW DELHI: Textiles firm Bombay Dyeing & Manufacturing Company today said its net profit rose by 75.10 per cent to Rs 81.95 crore for the fourth quarter ended March 31, 2011, over the same period previous fiscal.

The company had a net profit of Rs 46.80 crore in the same period last fiscal, Bombay Dyeing said in a filing to the Bombay Stock Exchange (BSE).

For the quarter under review net sales of the company rose to Rs 619.21 crore compared to Rs 527.55 crore in the same period last fiscal.

The company's board, which met today, has recommended a dividend of Rs 3.50 per share of Rs 10 each for the year ended March 31, 2011.

For the year ended March 31, 2011, the company posted a net profit of Rs 21.39 crore, compared to Rs 18.42 crore in the same period last fiscal.

Net sales of the firm rose to Rs 1,886.47 crore for the year ended March 31, 2011, as against Rs 1,642.76 crore in the previous fiscal.

Shares of Bombay Dyeing today closed at Rs 347 on BSE, up 3.71 per cent from its previous close.