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Last Updated : May 03, 2019 04:04 PM IST | Source: Moneycontrol.com

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.

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Shares of Bombay Dyeing and Manufacturing Company rose nearly 12 percent in the early trade on Friday after company turns profitable in the quarter ended March 2019.

The company has reported profit of Rs 1,253.33 crore in Q4FY19 against loss of Rs 159.38 crore in Q3FY19.

In the same quarter last year the company had posted 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 Rs 7.90, or 6.58 percent on the BSE.

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First Published on May 3, 2019 09:39 am
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