Bombay Dyeing net loss widens to Rs 53.37 crores

Bombay Dyeing and Manufacturing reported a marginal decline in its standalone net loss at Rs 53.37 crores for the first quarter ended June 30, 2015. The company had posted a net loss of Rs 53.63 crore in the same period of previous fiscal, it said in a filing to BSE. Total income from operations, on a standalone basis, fell by 27 percent to Rs 404.71 crores against Rs 554.40 crores in the April-June quarter of previous fiscal.

The company had reported a fall of 13.70 percent in its standalone net profit at Rs 178.85 crores for the quarter ended March 31. Bombay Dyeing's net sales on standalone basis fell 33.78 percent to Rs 745.77 crores against Rs 1,126.25 crores in March quarter of the previous fiscal. For the full fiscal, the company's net profit marginally rose 0.90 percent to Rs 24.56 crores from Rs 24.34 crores in the year-ago period. However net sales were down 10.74 percent to Rs 2,327.68 in FY15. It was Rs 2,607.86 crores a year ago.