India's Bombay Dyeing slips after quarterly profit crash

Bombay Dyeing And Mfg

10/06/2020 06:30

** Shares of linen and home furnishings brand owner Bombay
Dyeing  BDYN.NS  tumbles ~8% to 63.1 rupees, sees worst session
in over eleven weeks
    ** Consolidated net profit slid 96% for the three months
ended March 31, the company said https://www.bseindia.com/xml-data/corpfiling/AttachLive/7d823d66-6fd6-4116-9270-d44bf7b131fb.pdf
 on Tuesday
    ** Textile division sales dropped 47%, while its real estate
division recorded a plunge of over 98% in sales for the quarter
    ** Around 1.6 mln shares change hands by 0500 GMT, vs 30-day
avg of 1.2 mln shares
    ** Up to Tuesday's close, stock down 13.61% so far this year

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; +918061822697;))