Bombay Dyeing & Manufacturing Company Ltd standalone net profit of Rs98.75cr in Q4FY18 vs. net loss of Rs29.93cr in Q4FY17

India Infoline Research Team | May 14, 2018 19:17 IST

The company’s standalone revenue stood at Rs757.76cr, up 43.97% yoy and 22.23% qoq.

Bombay Dyeing & Manufacturing Company Ltd Q4FY18

Standalone Results Q4FY18: (Rs. in cr)

Q4FY18 YoY (%)
Revenue 757.76 44.0
EBITDA 228.67 107.6
EBITDA Margin (%) 30.18 925
Net Profit (adjusted) 98.75 -
***EBITDA margin change is bps
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Reco. Price

314

Last updated on

08-May-2018



Bombay Dyeing & Manufacturing Company Ltd’s revenue grew by 44% yoy and 22.2% qoq to Rs757.8cr. EBITDA came in at Rs228.7cr, up 107.6% yoy and 105.3% qoq. EBITDA margin expanded by 925bps yoy and 1,221bps qoq to 30.18%. Company’s adjusted Net profit stood at Rs98.8cr vs. Net loss of Rs29.9cr yoy and Net profit of Rs6.8cr qoq.

• Revenue growth for the quarter was backed by robust growth of Retail/Texitle and Real estate division’s revenue. Revenue from both the divisions grew by 39.3%yoy and 103.2%yoy to Rs51.6cr and Rs405.8cr respectively.
• Revenue from Polyester division declined by 4.6% yoy Rs300.4cr.
• Cost of goods sold declined by 1.7% yoy to Rs241.7cr, which aided margin expansion.
• Employee benefit expenses and finance cost declined by 1% and 0.5% yoy respectively aiding profitability expansion.
• The remuneration paid to MD for FY18 is in excess of limits prescribed under Companies Act, 2013 by Rs4.29cr. The company has approval for Rs2.12cr only from Central Government dated June 21, 2017. The company has made a fresh application to the Central Government to reconsider the amount approved, which is pending.

Technical View:

Bombay Dyeing & Manufacturing Company Ltd ended at Rs. 289.05, down by 9.7 points or 3.25% from its previous closing of Rs. 298.75 on the BSE.
The scrip opened at Rs. 300.90 and touched a high and low of Rs. 303.80 and Rs. 284.85 respectively. A total of 34,43,150 (NSE+BSE) shares were traded on the counter. The stock traded below its 50 DMA.



***Note: This is a NSE Chart

 

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