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Bombay Dyeing rises nearly 12% as co turns profitable in Q4
The board has recommended a dividend of Rs 1.50 per equity share of Rs 2 each for the financial year ended 31st March 2019.
Shares of Bombay Dyeing and Manufacturing Company rose nearly 12 percent in the early trade on Friday after the company turns profitable in the quarter ended March 2019.
The company has reported a profit of Rs 1,253.33 in Q4FY19 against loss of Rs 159.38 crore in Q3FY19.
In the same quarter last year the company had posted a profit of Rs 10.95 crore.
Revenue of the company increased by 5704 percent at Rs 2,786.36 crore against Rs 413.32 crore, QoQ.
The board has recommended a dividend of Rs 1.50 per equity share of Rs 2 each for the financial year ended 31st March 2019.
At 09:30 hrs Bombay Dyeing and Manufacturing Company was quoting at Rs 128, up to Rs 7.90, or 6.58 percent on the BSE.
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