Bombay Dyeing & Manufacturing Company share price rose 5.94% to ₹164.75 per share on the BSE during Tuesday’s intraday trade. The surge came after the company reported steady improvement in its financial metrics for the third quarter of the financial year 2024-25 (Q3 FY25).
The company posted a year-on-year (YoY) increase in revenue, reaching ₹414.8 crore in Q3 FY25, up from ₹369.2 crore in the same quarter last year.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) turned positive at ₹15.9 crore, marking a significant recovery from a loss of ₹24.2 crore in Q3 FY24. The EBITDA margin for the quarter stood at 3.8%.
Net profit for Q3 FY25 was reported at ₹70.06 crore, benefiting from a one-off income of ₹50.85 crore received as reimbursement for expenses incurred in vacating occupants of WIC Land.
Bombay Dyeing’s total expenses dropped 10.6% YoY to ₹410 crore in Q3 FY25, compared to ₹459 crore in Q3 FY24. This reduction in costs, coupled with revenue growth, helped improve the company’s overall financial performance.
Despite the Q3 gains, Bombay Dyeing’s stock has struggled in the past six months, falling 28%. Over the past year, the stock has declined 11%, underperforming the BSE Sensex, which slipped 4% in six months but gained 8% over the last year.
At 12:06 PM on Tuesday, Bombay Dyeing’s stock was trading 2.54% higher at ₹159.45 per share, while the BSE Sensex rose 0.84% to 77,835.68. The company currently has a market capitalization of ₹3,282.87 crore.
Founded in 1879, Bombay Dyeing & Manufacturing Company Ltd is one of India’s leading textile manufacturers. A part of the Wadia Group, the company is headquartered in Mumbai, Maharashtra, and is well known for its high-quality fabrics and home textile products.
Bombay Dyeing has a strong presence in both domestic and international markets, offering a wide range of products, including bed linen, towels, and woven fabrics. Additionally, the company has manufacturing facilities and a network of retail outlets across India.
Beyond textiles, Bombay Dyeing is also involved in real estate development, with a notable presence in Mumbai’s property market.
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Published on: Feb 4, 2025, 12:53 PM IST
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