Bombay Dyeing in red

about 25 days ago
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Bombay Dyeing posted a set of dismal earnings for Q1FY21. On a massive 86% (YoY) decline in consolidated net sales at Rs.91 crore, the company posted a net loss of Rs.129 crore v/s net profit of Rs.28 crore.

There was decline across all segments – realty was down 95%, polyester was down 77% while retail/textile revenue was down 97%.

The company posted a loss at EBITDA level at Rs.22 crore v/s EBITDA of Rs.143 crore. Margins came in (-)24.46% v/s 46.48%.

The stock is currently among the top five losers on the BSE, going down over 5% to Rs.68. Its 52-week high and low is at Rs.101.75 and Rs.36.20 respectively.

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