Bombay Dyeing surges 12% on strong Q4 results

NEW DELHI: Shares of Bombay Dyeing & Manufacturing climbed 12 per cent in Friday’s trade after the company reported multifold jump in March quarter profit at Rs 1,253.33 crore, boosted by real estate activities.

In a filing to BSE, the company said the nature of real estate activities it carries out is such that gains from the transactions do not necessarily accrue evenly over the year and, hence, results for a quarter and year may not be representative of profits and losses for the year.

The company had posted Rs 10.95 crore profit in the year-ago quarter. Following the development, the scrip jumped 11.57 per cent to hit a high of Rs 134 on BSE.


Total income for the quarter rose to Rs 2,791.08 crore from Rs 765.21 crore in the corresponding quarter last year. Revenue from polyesters stood at Rs 367.30 crore and retail and textile divisions at Rs 65.31 crore. They were at Rs 300.36 crore and Rs 51.62 crore, respectively, in the corresponding quarter a year ago.

The company's board recommended a dividend of Rs 1.50 per equity share of Rs 2 each for the financial year ended March 31, 2019.