Bombay Dyeing & Manufacturing Co tanks 7% as Q4 net profit plunges 96% YoY

EBITDA came in negative at Rs 24.81 crore in March 2020, down 101.79 per cent YoY, from Rs 1,389.80 crore in March 2019.

Shares of Bombay Dyeing and Manufacturng Company tanked 7.4 per cent to Rs 63.45 on the BSE on Wednesday after the company's consolidated March quarter profit plunged 96 per cent year-on-year to Rs 48.63 crore. The company had posted a net profit of Rs 1,253.37 crore in the year-ago quarter.

For fiscal year 2019-20, the company's net profit declined 73.26 per cent to Rs 328.85 crore from Rs 1,230.11 crore in previous year. Net profit margin in Q4FY20 was at 15.51 per cent, the company said in a statement. 

Revenue from operation declined 88.76 per cent to Rs 313.10 crore