Bombay Dyeing Q2 net losses at Rs-90cr

After reporting losses of Rs.168 crore in the Jun-20 quarter largely due to the COVID impact, Bombay Dyeing ended up with a net loss of Rs90.66cr for the Sep-20 quarter.

Oct 20, 2020 05:10 IST India Infoline News Service

Bombay Dyeing
Bombay Dyeing After reporting losses of Rs.168 crore in the Jun-20 quarter largely due to the COVID impact, Bombay Dyeing ended up with a net loss of Rs90.66cr for the Sep-20 quarter. This contrasts with the profit of Rs89.5cr reported in the Sep-19 quarter.

As a result, the operating margins and the net margins were in the negative territory and not strictly comparable with the previous quarters.


Here are the financial highlights


Particulars Sep-20 Quarter Growth (YOY) Growth (QOQ)
Total Revenues Rs217.05cr -60.91% +138.07%
Operating Profit Rs-36.06cr Not Applicable Not Applicable
Net Profits Rs-90.66cr Not Applicable Not Applicable
Key Ratios Sep-20 Quarter Sep-19 Quarter Jun-20 Quarter
Diluted EPS Rs-4.39 Rs4.33 Rs-6.25
Operating Margins -16.61% 39.59% -33.60%
Net Profit Margin -41.77% +16.12% -184.51%


Key takeaways from the Sep-20 quarter results

  • For the Sep-20 quarter, nearly 80% of the revenues came from polyster businss while the balance came from the real estate business.
  • The net cash generated from operational activities in the Sep-20 half year has turned negative due to two successive quarters of losse reported at an operating level and also at a bottom line level.
  • During the first half of the current fiscal year FY21, the exceptional profits arose from the sale of immovable property of the company.

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