Bombay Dyeing net loss widens to Rs 93.74 cr in Q1

By: |
Published: August 8, 2018 2:25:44 AM

Wadia group's flagship company Bombay Dyeing & Manufacturing’s net loss widened to Rs 93.74 crore in Q1 FY19 as compared to a net loss of Rs 32.71 crore in Q1 FY18 due to lower revenue.

Bombay Dyeing, Wadia group, Ebitda, Bombay Dyeing earningsThe company’s revenue declined by 36% year-on-year to Rs 397.46 crore in Q1 FY19.

Wadia group’s flagship company Bombay Dyeing & Manufacturing’s net loss widened to Rs 93.74 crore in Q1 FY19 as compared to a net loss of Rs 32.71 crore in Q1 FY18 due to lower revenue. The company’s revenue declined by 36% year-on-year to Rs 397.46 crore in Q1 FY19.

Bombay Dyeing’s earnings before interest, taxes, depreciation and amortisation (Ebitda) was down 89.2% year-on-year to Rs 8.5 crore in Q1 FY19 and margin was down at 2.15% in Q1FY19 from 11.3% in FY18. The company said in a statement that the results are not comparable with the figures for the previous year due to change in accounting method.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Paytm Mall Freedom Cashback Sale: Big deals on smartphones and much more – All you need to know
2People saving up to 90 pct on medicines, surgicals under PMBJP, says Centre
3Samsung begins mass-producing 4TB SSDs to offset steep prices