The revenue from operations of Bombay Dyeing & Manufacturing Company Limited, the flagship company of the Wadia Group, jumped by 50.37 per cent to Rs. 745.22 crore during the second quarter of the current fiscal compared to Rs. 495.56 crore of the same quarter of last fiscal. Total expenses were at Rs 873.67 crore, up by 41.51 per cent.
The company reported a consolidated net loss of Rs. 93.02 crore for the second quarter ended 30th September 2022. The company had posted a net loss of Rs. 93.35 crore in the July-September period a year ago, Bombay Dyeing & Manufacturing said in a BSE filing.
Its revenue from polyester stood at Rs. 449.24 crore, up by 17 per cent from Rs. 384.19 crore in Q2 of FY ’22 while revenue from retail/textiles surged to Rs. 15.50 crore as against Rs. 4.03 crore in the year-ago quarter.
The polyester division of the company is engaged in manufacturing of 100 per cent virgin Polyester Staple Fibre and Textile grade PET Chips. The company also offers a variety of products in home furnishing and garments segment.
