Quarterly Results: Bombay Dyeing & Manufacturing Company Ltd
Bhagyashree Vivarekar / 08 Nov 2016
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs. 53.25, down by 2.5 points or 4.48% from its earlier closing of Rs. 55.75 on the BSE. Bombay Dyeing's net loss for the period worsened 8.5% yoy to Rs 71 cr.
Technical View:
Bombay Dyeing & Manufacturing Company Ltd is currently trading at Rs. 53.25, down by 2.5 points or 4.48% from its earlier closing of Rs. 55.75 on the BSE.
The scrip has touched a high and low of Rs. 56.45 and Rs. 52.65 respectively, after opening at 56.3. By far 2852295(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Bombay Dyeing & Manufacturing Company’s Q2FY17 standalone net revenue for the quarter has dropped 1.9% yoy to Rs 430 cr. This was primarily triggered by a 9.6% yoy growth in equipment segment.
The company's reported EBITDA loss worsened to Rs 26 cr against an EBITDA loss of Rs 6 cr during the same period last financial year. This can be attributed to a Rs 43.16 cr charge for impairment of assets held for sale.
Bombay Dyeing's net loss for the period worsened 8.5% yoy to Rs 71 cr with the help of a 218.5% yoy expansion in other income.
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