Bombay Dyeing Swings to Profit with Strategic Land Sales Boost

Bombay Dyeing & Manufacturing Co Ltd reported a consolidated profit of Rs 393.02 crore for the September 2024 quarter, driven by land sales gains. The company had posted a Rs 52 crore net loss last year. Revenue from operations fell by 13.61%, while total expenses decreased by 24.55%.

Bombay Dyeing & Manufacturing Co Ltd announced a major turnaround with a consolidated profit of Rs 393.02 crore in the September 2024 quarter, attributed largely to land sales.

Facing a Rs 52 crore loss in the same quarter last year, this marks a significant financial recovery for the company.

Revenue from operations dropped by 13.61% to Rs 380.63 crore, while total expenses saw a sharp decline of 24.55% in Q2FY25.

(With inputs from agencies.)