BOMBAY DYEING Announces Quarterly Results (3QFY19); Net Profit Down 4484.6%
Wed, 13 Feb

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

BOMBAY DYEING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m6,1998,3264,133-50.4%-33.3%
Other incomeRs m13210712012.5%-8.8%
TurnoverRs m6,3318,4334,253-49.6%-32.8%
ExpensesRs m5,1364,7504,514-5.0%-12.1%
Gross profitRs m1,0633,493-381-110.9%-135.8%
DepreciationRs m747574-0.8%0.5%
InterestRs m1,0591,0621,1477.9%8.3%
Profit before taxRs m622,463-1,482-160.2%-2505.8%
TaxRs m28000.0%-100.0%
Profit after taxRs m342,463-1,482-160.2%-4484.6%
Gross profit margin%17.142.0-9.2
Effective tax rate%45.10.00.0
Net profit margin%0.529.2-34.8
* 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 fell 33.3% on a year-on-year (YoY) basis. The expenses were down by 12.1% YoY during the same period.
  • The company's operating profit declined by 135.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 3QFY19 as against 17.1% in 3QFY18.
  • Depreciation charges increased by 0.5% and finance costs increased by 8.3% YoY, respectively.
  • Other income declined by 8.8% YoY during the quarter.
  • Net profit for the quarter declined by 4484.6% YoY. Net profit margins during the quarter declined from 0.5% in 3QFY18 to -34.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 50.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.0% QoQ during the same period.
  • The company's operating profit declined by 110.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 3QFY19 as against 42.0% in 2QFY18.
  • Net profit for the quarter declined by 160.2% QoQ, while net profit margins declined from 29.2% in 2QFY18 to -34.8% in 3QFY19.

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 250.3 to Rs 106.8, registering a Loss of Rs 143.5 or around 57.3%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 106.8, the price to earnings (P/E) ratio of BOMBAY DYEING stands at 144.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.5 times.