Bombay Dyeing shares fall as Q2 loss widens
The company has reported net loss of Rs 62 crore in Q2FY14 against Rs 27.74 crore in a year ago quarter.
Bombay Dyeing and Manufacturing Company is trading lower by 5% at Rs 65.20 on BSE, in otherwise firm market, after reporting over two-fold rise in net loss at Rs 62 crore for the quarter ended September 30, 2013 (Q2) due to weak operational performance. The company had recorded a loss of Rs 27.74 crore in a year ago quarter.
Total income from operations remain flat at Rs 506 crore against Rs 504 crore in the corresponding quarter of previous fiscal, while other income declined by 28% at Rs 13.33 crore during the recently concluded quarter. Total expenditure however, increased by 6.3% at Rs 538 crore over the previous year quarter.
A combined around one million shares have changed hands on the counter till 1455 hours on BSE and NSE.
Total income from operations remain flat at Rs 506 crore against Rs 504 crore in the corresponding quarter of previous fiscal, while other income declined by 28% at Rs 13.33 crore during the recently concluded quarter. Total expenditure however, increased by 6.3% at Rs 538 crore over the previous year quarter.
A combined around one million shares have changed hands on the counter till 1455 hours on BSE and NSE.