Bombay Dyeing & Manufacturing Company share price gained 5.94 per cent at Rs 164.75 a piece on the BSE in Tuesday's intraday trade after Bombay Dyeing reported steady rise in its key financial metrics
The Mumbai-based company's primary revenue-generating segment, polyester, which accounted for about 95% of its revenue, fell by 11%
Bombay Dyeing & Manufacturing Co Ltd on Thursday reported a narrowing down of its consolidated loss after tax of Rs 51.99 crore for the second quarter ended September 30, 2023. The company had posted a net loss of Rs 93.02 crore in the July-September period a year ago, according to a regulatory filing from Bombay Dyeing & Manufacturing. Its revenue from operations fell 40.87 per cent to Rs 440.60 crore during the quarter under review as against Rs 745.22 crore in the year-ago period. Total expenses for the September quarter were at Rs 581.11 crore, down 33.48 per cent. Bombay Dyeing & Manufacturing's total income in the September quarter was Rs 457.12 crore. Its income from the Real Estate segment declined to Rs 80.60 crore in the September quarter FY24 in comparison to Rs 280.48 crore. Similarly, revenue from the Polyester segment stood at Rs 344.19 crore as against Rs 449.24 crore in the corresponding quarter. However, revenue from Retail/ Textile grew Rs 15.81 crore ...
Closing Bell on September 14, 2023: Sectorally, the Nifty PSU Bank index gained 1.64 per cent, the Nifty Metal index added 1.5 per cent, and the Nifty Realty eked out gains of 1.4 per cent
The average trading volumes on the counter jumped over five-fold today with combined 18.96 million equity shares changing hands on the NSE and BSE till 09:24 AM.
Stocks to watch on Thursday, September 14, 2023: Delta Corp, Indiabulls Housing Finance, IEX, India Cements, Manappuram, REC and SAIL among stocks in F&O ban today.
Japan's Sumitomo Realty & Development Company will buy a 22-acre land parcel in central Mumbai from Bombay Dyeing for Rs 5,200 crore, the Wadias-run company said on Wednesday. The sale of the land parcel in Worli is one of the biggest land sale transactions in the history of the financial capital. Sumitomo's subsidiary Goisu will be paying for the acquisition in two phases, which will include Rs 4,675 crore initially and Rs 525 crore later on completion of certain conditions, as per an announcement made by Bombay Dyeing to the exchanges. The Bombay Dyeing board met on Wednesday to approve the sale, and the same will have to be approved by shareholders, as per an official statement. The company scrip closed 6.93 per cent up at Rs 140.45 apiece on the BSE on Wednesday, against gains of 0.37 per cent on the benchmark.
The 18-acre real estate property in central Mumbai controlled by Nusli Wadia is being sold to Japanese conglomerate Sumitomo in Mumbai's largest land deal by value
Leading textile company Bombay Dyeing & MFG Co on Wednesday said its standalone net loss widened to Rs 119.84 crore for the first quarter ended June 30. It had posted a net loss of Rs 76.84 crore in the corresponding period of the previous year. The company has attributed this decline to lower sales in its polyester vertical. Its revenue from operations also declined to Rs 498 crore during the quarter against Rs 606 crore in the year-ago period, the company said in a regulatory filing. The company's revenue from polyester business fell to Rs 351 crore during the quarter under review compared to Rs 456 crore a year ago. In a parallel development, the board of directors approved the termination of the Deposit Agreement with Citibank NA for the company's Global Depository Receipts (GDRs). Additionally, its GDRs are set to be delisted from the Luxembourg Stock Exchange. Shares of Bombay Dyeing & MFG Co on Wednesday settled at Rs 115.60 apiece on BSE, up 2.71 per cent from the ...
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Japanese conglomerate leads race among the bidders for to land which has a development potential of 2 mn sq ft for commercial purposes, says source
The Mumbai-based company's consolidated net loss widened to Rs 246 crore ($30.08 million) for the three months ended March 31, from a loss of Rs 41.74 crore a year earlier
Increased capacity utilisation, softening cotton prices set to help sector: Analysts
Tribunal stays order restraining company and promoters from capital markets for 2 years
Sebi had passed the order on the firm, its promoter Nusli N Wadia, and three others for allegedly inflating financial statements; firm responded saying its accounting practice was wrongly interpreted
Markets regulator Sebi has slapped a penalty totalling Rs 59 lakh on nine persons in a case pertaining to alleged fraudulent scheme of misrepresenting financial statements of Bombay Dyeing and Manufacturing Company Limited. These persons were either members of the audit committee of Bombay Dyeing or CFOs of the company during the violations. They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India (Sebi) said in its order passed on Monday. The regulator conducted an investigation to ascertain whether the books of accounts of Bombay Dyeing and Manufacturing Company Limited (BDMCL) were manipulated for the financial years from FY12 to FY19. The investigation revealed that BDMCL, by entering into various Memoranda of Understanding with its group company Scal Services Limited during FY12 to FY18 and by subsequently recognising revenue on the basis of such MoUs and not consolidating the transactions carried out with Scal, had inflated its sales and
Sebi has charged the violators under the Prevention of Fraudulent and Unfair Trade Practices Regulations for alleged misrepresentation of financial statements
Bombay Dyeing & Manufacturing Company Ltd on Saturday said it will move to the Securities Appellate Tribunal against the Sebi's ruling that barred the company, its promoters from the securities markets for up to two years. Sebi, in its order, barred 10 entities, including Bombay Dyeing and its promoters -- Nusli N Wadia, Ness Wadia and Jehangir Wadia-- from the securities markets for up to two years and levied a fine totalling Rs 15.75 crore on them for involving in fraudulent scheme of misrepresenting the company's financial statements. Others banned and penalised by Sebi are -- Scal Services Ltd, a Wadia Group company, its then directors -- D S Gagrat, N H Datanwala Shailesh Karnik, R Chandrasekharan -- and Durgesh Mehta, who was Joint Managing Director and Chief Financial Officer of Bombay Dyeing. In a statement, a Bombay Dyeing spokesperson said that the company will be exercising its statutory right to appeal this order and believes it would get justice and stand ...
The market regulator has also slapped a cumulative penalty of Rs 15.75 crore on 8 individuals and two entities, in the matter
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