Consolidated net sales for Q2 September 2020 stood at Rs 217.08 crore, falling 61% from Rs 555.25 crore in the same period last year. The result was announced after market hours yesterday, 20 October 2020.

Pre-tax loss stood at Rs 119.49 crore in Q2 September 2020 as against pre-tax profit of Rs 89.55 crore in Q2 September 2019. The company received a tax rebate of Rs 28.81 crore in Q2 September 2020.

The company's revenue from polyester segment fell 34.48% year-on-year to Rs 175.84 crore during the quarter. Real estate segment revenue fell 82% to Rs 34.82 crore and textile segment revenue slumped 93.13% to Rs 6.42 crore in Q2 September 2020 over Q2 September 2019.

Shares of Bombay Dyeing have fallen 4.46% in three trading sessions.

Bombay Dyeing & Manufacturing Company is a holding company engaged primarily in the business of real estate development, polyester staple fibre and retail. The company's segments include real estate, polyester and retail/textile.

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Net loss of Bombay Dyeing & Manufacturing Company reported to Rs 90.68 crore in the quarter ended September 2020 as against net profit of Rs 89.51 crore during the previous quarter ended September 2019. Sales declined 60.90% to Rs 217.08 crore in the quarter ended September 2020 as against Rs 555.25 crore during the previous quarter ended September 2019.

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Bombay Dyeing& Manufacturing Company will hold a meeting of the Board of Directors of the Company on 20 October 2020.

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Net sales tumbled nearly 86% to Rs 91.17 crore in Q1 June 2020 from Rs 648.57 crore registered in the same period last year. The result was announced after market hours yesterday, 20 July 2020.

The company reported a consolidated pre tax loss of Rs 168.34 crore in Q1 June 2020 as against profit before tax of Rs 11.81 crore in Q1 June 2019.

Bombay Dyeing said COVID-19 impacted business operations, manufacturing, sales and revenue and cashflow of real estate operations. The plant of polyester staple fibre (PSF) division started its manufacturing operations from the first week of June 2020. The company said it has taken into account the possible impact of COVID-19 in preparation of the financial results, including its assessment of going concern assumption and the recoverability of the carrying value of the assets, if any. The full extent to which the pandemic will impact future financial results cannot be reasonably ascertained and will depend on how COVID-19 situation evolves over a period of time, Bombay Dyeing said.

Bombay Dyeing & Manufacturing Company is a holding company engaged primarily in the business of real estate development, polyester staple fibre and retail. The company's segments include real estate, polyester and retail/textile.

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