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( As on 03/11/2021 13:30) Bombay Dyeing posts Q2 net loss of Rs 93.40 cr

The company reported standalone net loss during the quarter stood at Rs 93.40 crore as compared to net loss of Rs 90.75 crore in the previous year quarter.

Net revenue of the company rose triple digit by 128.28 per cent at Rs 495.56 crore in July-September quarter of this fiscal as against Rs 217.08 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 91.52 per cent to Rs 468.85 crore from Rs 244.81 crore in year ago period.

Other Income grew by 64.29 per cent at Rs 14.31 crore versus (Sep'20 Rs 8.71 crore).

Operating Profit surged by 196.32 per cent to Rs 26.71 crore as against Rs -27.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 142.21 per cent in September quarter.

Interest declined by 6.50 per cent y-o-y to Rs 140.24 crore, while Taxation decreased by 51.13 per cent at Rs -14.08 crore (Sep'20 Rs -28.81 crore).