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BOMBAY DYEING Announces Quarterly Results (2QFY19); Net Profit Up 366.5%

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BOMBAY DYEING Announces Quarterly Results (2QFY19); Net Profit Up 366.5%
Fri, 23 Nov

BOMBAY DYEING has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BOMBAY DYEING Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m6,9223,9758,326109.5%20.3%
Other incomeRs m194129107-17.0%-45.1%
TurnoverRs m7,1164,1038,433105.5%18.5%
ExpensesRs m5,3903,8894,75022.1%-11.9%
Gross profitRs m1,532-203,493128.0%
DepreciationRs m7574751.4%-0.8%
InterestRs m1,1239901,0627.2%-5.4%
Profit before taxRs m528-9562,463366.5%
TaxRs m0-1900.0%
Profit after taxRs m528-9372,463366.5%
Gross profit margin%22.1-0.542.0
Effective tax rate%0.01.90.0
Net profit margin%7.4-22.829.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 20.3% on a year-on-year (YoY) basis. The expenses were down by 11.9% YoY during the same period.
  • The company's operating profit increased by 128.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 2QFY19 as against 22.1% in 2QFY18.
  • Depreciation charges declined by 0.8% and finance costs declined by 5.4% YoY, respectively.
  • Other income declined by 45.1% YoY during the quarter.
  • Net profit for the quarter increased by 366.5% YoY. Net profit margins during the quarter increased from 7.4% in 2QFY18 to 29.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 109.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.1% QoQ during the same period.
  • The company's operating profit increased by 17393.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 42.0% in 2QFY19 as against 0.5% in 1QFY18.
  • Net profit for the quarter increased by 362.7% QoQ, while net profit margins increased from -22.8% in 1QFY18 to 29.2% in 2QFY19.

To see how BOMBAY DYEING has performed over the last eight quarters, please visit here.

BOMBAY DYEING Share Price Performance

Over the last one year, BOMBAY DYEING share price has moved up from Rs 204.1 to Rs 108.2, registering a Loss of Rs 95.9 or around 47.0%.

Overall, the S&P BSE SENSEX is up 4.2% over the year.

Current Valuations

At the current price of Rs 108.2, the price to earnings (P/E) ratio of BOMBAY DYEING stands at 13.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.

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Related Views on News

BOMBAY DYEING Announces Quarterly Results (3QFY19); Net Profit Down 4484.6% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, BOMBAY DYEING has posted a net profit of Rs 1 bn (down 4484.6% YoY). Sales on the other hand came in at Rs 4 bn (down 33.3% YoY). Read on for a complete analysis of BOMBAY DYEING's quarterly results.

BOMBAY DYEING Announces Quarterly Results (1QFY19); Net Profit Up 186.6% (Quarterly Result Update)

Aug 10, 2018 | Updated on Aug 10, 2018

For the quarter ended June 2018, BOMBAY DYEING has posted a net profit of Rs 937 m (up 186.6% YoY). Sales on the other hand came in at Rs 4 bn (down 36.2% YoY). Read on for a complete analysis of BOMBAY DYEING's quarterly results.

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