Textile firm Bombay Dyeing today said its net loss has widened by 29.9% to Rs 39.79 crore for the first quarter ended June 30, 2011 on the back of high expenses, including increase in raw material consumption.
The company had a net loss of Rs 30.61 crore for the quarter ended June 30, 2010, Bombay Dyeing said in a filing to the Bombay Stock Exchange (BSE).
During the reporting quarter, the company's net sales declined by 4.86% at Rs 397.82 crore from Rs 418.19 crore recorded in the corresponding quarter last fiscal.
During the period, the company's consumption of raw material increased by 29.52% to Rs 320.27 crore from Rs 247.26 crore, while its purchase of traded goods increased to Rs 24.42 crore from Rs 14.81 crore.
For the year ended March 2010, the company had a net profit of Rs 21.39 crore while its net sales stood at Rs 1939.72 crore.
Shares of Bombay Dyeing closed at Rs 316.30 on the BSE, down by 5.37% from previous close.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app