BOMBAY DYEING Announces Quarterly Results (1QFY20); Net Profit Up 129.5%
Wed, 7 Aug

BOMBAY DYEING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BOMBAY DYEING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,97527,8646,486-76.7%63.2%
Other incomeRs m12947247423.9%92.5%
TurnoverRs m4,10327,9116,733-75.9%64.1%
ExpensesRs m3,88914,0135,158-63.2%32.6%
Gross profitRs m-2013,8511,328-90.4%
DepreciationRs m7475817.6%9.5%
InterestRs m9901,3861,377-0.7%39.0%
Profit before taxRs m-95612,437118-99.1%
TaxRs m-1976-158-307.3%
Profit after taxRs m-93712,360277-97.8%
Gross profit margin%-0.549.720.5
Effective tax rate%1.90.6-134.1
Net profit margin%-22.844.34.1
* 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 63.2% on a year-on-year (YoY) basis. The expenses were up by 32.6% YoY during the same period.
  • The company's operating profit declined by 6674.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.5% in 1QFY20 as against 0.5% in 1QFY19.
  • Depreciation charges increased by 9.5% and finance costs increased by 39.0% YoY, respectively.
  • Other income increased by 92.5% YoY during the quarter.
  • Net profit for the quarter increased by 129.5% YoY. Net profit margins during the quarter increased from -22.8% in 1QFY19 to 4.1% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 76.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 63.2% QoQ during the same period.
  • The company's operating profit declined by 90.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.5% in 1QFY20 as against 49.7% in 4QFY19.
  • Net profit for the quarter declined by 97.8% QoQ, while net profit margins declined from 44.3% in 4QFY19 to 4.1% in 1QFY20.

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 down from Rs 260.7 to Rs 74.6, registering a Loss of Rs 186.2 or around 71.4%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 74.6, the price to earnings (P/E) ratio of BOMBAY DYEING stands at 1.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.