BOMDYEING
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Bombay Dyeing And Mfg March-Quarter Consol Net Profit 210.4 Million Rupees
May 8 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG MARCH-QUARTER CONSOL NET PROFIT 210.4 MILLION RUPEES
BOMBAY DYEING AND MFG MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.96 BILLION RUPEES
BOMBAY DYEING AND MFG - NOT TO PURSUE RIGHTS ISSUE
Source text: ID:nnAZN4SV7NT
Further company coverage: BDYN.NS
May 8 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG MARCH-QUARTER CONSOL NET PROFIT 210.4 MILLION RUPEES
BOMBAY DYEING AND MFG MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.96 BILLION RUPEES
BOMBAY DYEING AND MFG - NOT TO PURSUE RIGHTS ISSUE
Source text: ID:nnAZN4SV7NT
Further company coverage: BDYN.NS
Bombay Dyeing Says SEBI Challenges Securities Appellate Tribunal Order Dated January 16
May 7 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
SEBI CHALLENGES SECURITIES APPELLATE TRIBUNAL ORDER DATED JANUARY 16, 2026
Source text: ID:nBSE7zVfTC
Further company coverage: BDYN.NS
May 7 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
SEBI CHALLENGES SECURITIES APPELLATE TRIBUNAL ORDER DATED JANUARY 16, 2026
Source text: ID:nBSE7zVfTC
Further company coverage: BDYN.NS
Bombay Dyeing Appoints Niraj Kumar As CFO And CRO Effective March 31, 2026
March 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
APPOINTS NIRAJ KUMAR AS CFO AND CRO EFFECTIVE MARCH 31, 2026
Source text: ID:nBSE127npk
Further company coverage: BDYN.NS
March 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
APPOINTS NIRAJ KUMAR AS CFO AND CRO EFFECTIVE MARCH 31, 2026
Source text: ID:nBSE127npk
Further company coverage: BDYN.NS
Bombay Dyeing and Mfg Co Says Revised Tax Liability Now 1.23 Billion Rupees
Feb 25 (Reuters) - Bombay Burmah Trading Corporation, Ltd BBRM.NS:
REVISED TAX LIABILITY NOW 1.23 BILLION RUPEES
Source text: ID:nNSE5Vn2n9
Further company coverage: BBRM.NS
Feb 25 (Reuters) - Bombay Burmah Trading Corporation, Ltd BBRM.NS:
REVISED TAX LIABILITY NOW 1.23 BILLION RUPEES
Source text: ID:nNSE5Vn2n9
Further company coverage: BBRM.NS
Bombay Dyeing And Mfg Co Dec-Quarter Consol Net Loss 98.5 Million Rupees
Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO DEC-QUARTER CONSOL NET LOSS 98.5 MILLION RUPEES
BOMBAY DYEING AND MFG CO LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.24 BILLION RUPEES
BOMBAY DYEING AND MFG CO LTD - CFO KHIRODA JENA RESIGNS
Source text: [ID:]
Further company coverage: BDYN.NS
Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO DEC-QUARTER CONSOL NET LOSS 98.5 MILLION RUPEES
BOMBAY DYEING AND MFG CO LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 3.24 BILLION RUPEES
BOMBAY DYEING AND MFG CO LTD - CFO KHIRODA JENA RESIGNS
Source text: [ID:]
Further company coverage: BDYN.NS
Bombay Dyeing says Patalganga Plant To Shut Down For Maintenance From Nov 28 To Dec 18
Nov 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO LTD - PATALGANGA PLANT TO SHUT DOWN FOR MAINTENANCE FROM NOV 28 TO DEC 18
BOMBAY DYEING AND MFG CO LTD - PRODUCTION SHORTFALL OF ABOUT 7500 METRIC TONS EXPECTED
Source text: ID:nNSE4yrSFC
Further company coverage: BDYN.NS
Nov 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO LTD - PATALGANGA PLANT TO SHUT DOWN FOR MAINTENANCE FROM NOV 28 TO DEC 18
BOMBAY DYEING AND MFG CO LTD - PRODUCTION SHORTFALL OF ABOUT 7500 METRIC TONS EXPECTED
Source text: ID:nNSE4yrSFC
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Sept-Quarter Consol Net Profit 19.2 Million Rupees
Nov 6 (Reuters) - Bombay Dyeing and Mfg Co BDYN.NS:
SEPT-QUARTER CONSOL NET PROFIT 19.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE 3.63 BILLION RUPEES
Source text: ID:nBSErpcpW
Further company coverage: BDYN.NS
Nov 6 (Reuters) - Bombay Dyeing and Mfg Co BDYN.NS:
SEPT-QUARTER CONSOL NET PROFIT 19.2 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE 3.63 BILLION RUPEES
Source text: ID:nBSErpcpW
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Receives Order From Maharashtra State Tax Tribunal
Aug 19 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
RECEIVES ORDER FROM MAHARASHTRA STATE TAX TRIBUNAL
TRIBUNAL ANNULS 39.1 MILLION RUPEES DEMAND FOR FY 2017-18
Source text: ID:nBSE3qWqKr
Further company coverage: BDYN.NS
Aug 19 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
RECEIVES ORDER FROM MAHARASHTRA STATE TAX TRIBUNAL
TRIBUNAL ANNULS 39.1 MILLION RUPEES DEMAND FOR FY 2017-18
Source text: ID:nBSE3qWqKr
Further company coverage: BDYN.NS
India's Bombay Dyeing drops after Q4 profit slump
** Shares of Bombay Dyeing and Manufacturing Co BDYN.NS falls 4.8% to 126.3 rupees; set for worst day in about a month
** Polyester maker's Q4 profit tumbles 82.6% Y/Y, dragged down by lower polyester segment revenue; rev down 5.7%
** BDYN trades below key 50-, 100-, 200- day moving avgs, indicating a bearish momentum
** Stock down 33% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Bombay Dyeing and Manufacturing Co BDYN.NS falls 4.8% to 126.3 rupees; set for worst day in about a month
** Polyester maker's Q4 profit tumbles 82.6% Y/Y, dragged down by lower polyester segment revenue; rev down 5.7%
** BDYN trades below key 50-, 100-, 200- day moving avgs, indicating a bearish momentum
** Stock down 33% YTD
(Reporting by Aleef Jahan in Bengaluru)
Bombay Dyeing And Mfg Co March-Quarter Consol Net Profit 115.4 Million Rupees
May 5 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET PROFIT 115.4 MILLION RUPEES
BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES
BOMBAY DYEING AND MFG CO LTD - DIVIDEND 1.20 RUPEES PER SHARE
Source text: ID:nBSE90XQ2Q
Further company coverage: BDYN.NS
May 5 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET PROFIT 115.4 MILLION RUPEES
BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES
BOMBAY DYEING AND MFG CO LTD - DIVIDEND 1.20 RUPEES PER SHARE
Source text: ID:nBSE90XQ2Q
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Says GST Department Initiates Action At Bombay Dyeing Registered Office
Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO LTD - GST DEPARTMENT INITIATES ACTION AT BOMBAY DYEING REGISTERED OFFICE
BOMBAY DYEING AND MFG CO LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES AT THIS STAGE
Source text: ID:nNSE4pqJQH
Further company coverage: BDYN.NS
Feb 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO LTD - GST DEPARTMENT INITIATES ACTION AT BOMBAY DYEING REGISTERED OFFICE
BOMBAY DYEING AND MFG CO LTD - NO IMPACT ON FINANCIAL OR OPERATIONAL ACTIVITIES AT THIS STAGE
Source text: ID:nNSE4pqJQH
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Dec-Quarter Consol Net Profit 700.6 Mln Rupees
Feb 3 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
DEC-QUARTER CONSOL NET PROFIT 700.6 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.15 BILLION RUPEES
Source text: [ID:]
Further company coverage: BDYN.NS
Feb 3 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
DEC-QUARTER CONSOL NET PROFIT 700.6 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 4.15 BILLION RUPEES
Source text: [ID:]
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Sept-Quarter Consol Net Profit 3.93 Billion Rupees
Nov 12 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET PROFIT 3.93 BILLION RUPEES
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.81 BILLION RUPEES
Source text: [ID:]
Further company coverage: BDYN.NS
Nov 12 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET PROFIT 3.93 BILLION RUPEES
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 3.81 BILLION RUPEES
Source text: [ID:]
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Gets Tax Demand Of 1.32 Billion Rupees
May 1 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GETS TAX DEMAND OF 1.32 BILLION RUPEES
Source text for Eikon: ID:nBSEbnZwfc
Further company coverage: BDYN.NS
May 1 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GETS TAX DEMAND OF 1.32 BILLION RUPEES
Source text for Eikon: ID:nBSEbnZwfc
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Gets Tax Order For Demand At 9.6 Million Rupees
April 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GETS TAX ORDER FOR DEMAND AT 9.6 MILLION RUPEES
Source text for Eikon: ID:nBSE1k7fTV
Further company coverage: BDYN.NS
April 11 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GETS TAX ORDER FOR DEMAND AT 9.6 MILLION RUPEES
Source text for Eikon: ID:nBSE1k7fTV
Further company coverage: BDYN.NS
India's Wadia-owned Bombay Dyeing posts Q3 profit on gain from land sale
BENGALURU, Feb 8 (Reuters) - Indian realty-to-textile company Bombay Dyeing and Manufacturing BDYN.NS reported a profit in the third quarter on Thursday, aided by a one-off gain from a land sale and lower costs.
The Wadia Group-owned company reported a consolidated profit of 30.54 billion rupees ($368 million) in the three months to Dec. 31, compared to a loss of 1.01 billion rupees last year.
This was helped primarily by 38.81 billion rupees one-off gain from the sale of land to Goisu Realty during the quarter.
Total expenses fell by 39.4% to 4.60 billion rupees, largely due to a nearly 99% fall in inventories of finished goods, while its input costs also dropped 4.3%.
This helped the company to reduce its loss before exceptional item by 27.2% to 731.6 million rupees.
The Mumbai-based company's primary revenue-generating segment, polyester, which accounted for about 95% of its revenue, fell by 11%. This resulted in a 43.4% decline in its revenue from operations at 3.69 billion rupees.
Shares of the company dropped 1.5% ahead of the results.
($1 = 82.9620 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))
BENGALURU, Feb 8 (Reuters) - Indian realty-to-textile company Bombay Dyeing and Manufacturing BDYN.NS reported a profit in the third quarter on Thursday, aided by a one-off gain from a land sale and lower costs.
The Wadia Group-owned company reported a consolidated profit of 30.54 billion rupees ($368 million) in the three months to Dec. 31, compared to a loss of 1.01 billion rupees last year.
This was helped primarily by 38.81 billion rupees one-off gain from the sale of land to Goisu Realty during the quarter.
Total expenses fell by 39.4% to 4.60 billion rupees, largely due to a nearly 99% fall in inventories of finished goods, while its input costs also dropped 4.3%.
This helped the company to reduce its loss before exceptional item by 27.2% to 731.6 million rupees.
The Mumbai-based company's primary revenue-generating segment, polyester, which accounted for about 95% of its revenue, fell by 11%. This resulted in a 43.4% decline in its revenue from operations at 3.69 billion rupees.
Shares of the company dropped 1.5% ahead of the results.
($1 = 82.9620 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))
India's Bombay Dyeing And Mfg Co Posts Sept-Quarter Consol Net Loss
Nov 2 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET LOSS 519.9 MILLION RUPEES VERSUS LOSS 930.2 MILLION RUPEES
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 7.45 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BDYN.NS
Nov 2 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL NET LOSS 519.9 MILLION RUPEES VERSUS LOSS 930.2 MILLION RUPEES
BOMBAY DYEING AND MFG CO SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.41 BILLION RUPEES VERSUS 7.45 BILLION RUPEES
Source text for Eikon: [ID:]
Further company coverage: BDYN.NS
Bombay Dyeing And Mfg Co Says GDR Program Of Co Is Terminated And GDRs Have Been Delisted From Luxembourg Stock Exchange
Oct 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GDR PROGRAM OF CO IS TERMINATED AND GDRS HAVE BEEN DELISTED FROM LUXEMBOURG STOCK EXCHANGE
Source text for Eikon: ID:nNSEbj79wt
Further company coverage: BDYN.NS
Oct 27 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
GDR PROGRAM OF CO IS TERMINATED AND GDRS HAVE BEEN DELISTED FROM LUXEMBOURG STOCK EXCHANGE
Source text for Eikon: ID:nNSEbj79wt
Further company coverage: BDYN.NS
Sumitomo Realty: Acquired Land For Development In Mumbai From Bombay Dyeing For 79.5 Billion Yen
Oct 17 (Reuters) - Sumitomo Realty & Development Co Ltd 8830.T:
SUMITOMO REALTY & DEVELOPMENT CO - ACQUIRED ABOUT 80,000-SQ-METRE LAND FOR DEVELOPMENT IN MUMBAI, INDIA FROM BOMBAY DYEING FOR 79.5 BILLION YEN
Source text: https://www.sumitomo-rd.co.jp/uploads/20231017_release_Land-acquisition-in-Mumbai-sumitomo.pdf
Further company coverage: 8830.T
(Reporting by Kantaro Komiya)
Oct 17 (Reuters) - Sumitomo Realty & Development Co Ltd 8830.T:
SUMITOMO REALTY & DEVELOPMENT CO - ACQUIRED ABOUT 80,000-SQ-METRE LAND FOR DEVELOPMENT IN MUMBAI, INDIA FROM BOMBAY DYEING FOR 79.5 BILLION YEN
Source text: https://www.sumitomo-rd.co.jp/uploads/20231017_release_Land-acquisition-in-Mumbai-sumitomo.pdf
Further company coverage: 8830.T
(Reporting by Kantaro Komiya)
India's Bombay Dyeing shares climb after land parcel sale approval
BENGALURU, Sept 14 (Reuters) - Shares of retail and textiles company Bombay Dyeing and Manufacturing Co BDYN.NS rose as much as 20% on Thursday, a day after it approved a land parcel sale for 52 billion rupees ($627.08 million) to a unit of Japan's Sumitomo Realty and Development Co 8830.T.
($1 = 82.9240 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Mrigank Dhaniwala)
BENGALURU, Sept 14 (Reuters) - Shares of retail and textiles company Bombay Dyeing and Manufacturing Co BDYN.NS rose as much as 20% on Thursday, a day after it approved a land parcel sale for 52 billion rupees ($627.08 million) to a unit of Japan's Sumitomo Realty and Development Co 8830.T.
($1 = 82.9240 Indian rupees)
(Reporting by Varun Vyas in Bengaluru; Editing by Mrigank Dhaniwala)
Bombay Dyeing And MFG Co Approved To Sell Land Parcel In Worli, Mumbai To Goisu Realty For About 52 Bln Rupees
Sept 13 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
APPROVED TO SELL LAND PARCEL IN WORLI, MUMBAI TO GOISU REALTY FOR ABOUT 52 BILLION RUPEES
Source text for Eikon: ID:nNSE1Tyn4M
Further company coverage: BDYN.NS
Sept 13 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
APPROVED TO SELL LAND PARCEL IN WORLI, MUMBAI TO GOISU REALTY FOR ABOUT 52 BILLION RUPEES
Source text for Eikon: ID:nNSE1Tyn4M
Further company coverage: BDYN.NS
India's Bombay Dyeing hits over 4-yr high on dispute settlement with Axis Bank
** Shares of textiles maker and real estate developer Bombay Dyeing and Manufacturing Company BDYN.NS rise as much as 7.80% to 146.45 rupees, marking sharpest intraday pct gain in two weeks
** BDYN stock hits highest level since April 4, 2019
** BDYN on Monday said it settled a dispute with Axis Bank and executed a conveyance deed in favour of the bank
** Deed will enable independent, exclusive access to Axis Bank's headquarters, for an approximate sum of 1.49 billion rupees ($17.99 million)
** More than 3.2 mln shares change hands by 10:00 a.m. IST, 0.8x the 30-day avg
** Stock up 71.42% so far this year, as of last close
($1 = 82.8325 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
** Shares of textiles maker and real estate developer Bombay Dyeing and Manufacturing Company BDYN.NS rise as much as 7.80% to 146.45 rupees, marking sharpest intraday pct gain in two weeks
** BDYN stock hits highest level since April 4, 2019
** BDYN on Monday said it settled a dispute with Axis Bank and executed a conveyance deed in favour of the bank
** Deed will enable independent, exclusive access to Axis Bank's headquarters, for an approximate sum of 1.49 billion rupees ($17.99 million)
** More than 3.2 mln shares change hands by 10:00 a.m. IST, 0.8x the 30-day avg
** Stock up 71.42% so far this year, as of last close
($1 = 82.8325 Indian rupees)
(Reporting by Anisha Ajith in Bengaluru)
Bombay Dyeing And Mfg Co Says Co And Axis Bank Limited Have Been Engaged In Certain Disputes/Arbitration
Sept 4 (Reuters) - Axis Bank Ltd AXBK.NS:
CO AND AXIS BANK LIMITED HAVE BEEN ENGAGED IN CERTAIN DISPUTES/ARBITRATION
PARTIES HAVE SETTLED THEIR DISPUTE AND CO HAS ALSO EXECUTED A CONVEYANCE DEED IN FAVOUR OF AXIS BANK
CONVEYANCE DEED TO ENABLE INDEPENDENT AND EXCLUSIVE ACCESS TO AXIS BANK’S HEADQUARTERS, FOR SUM UPTO 1.49 BILLION RUPEES
Source text for Eikon: ID:nNSE5KKJcq
Further company coverage: AXBK.NS
Sept 4 (Reuters) - Axis Bank Ltd AXBK.NS:
CO AND AXIS BANK LIMITED HAVE BEEN ENGAGED IN CERTAIN DISPUTES/ARBITRATION
PARTIES HAVE SETTLED THEIR DISPUTE AND CO HAS ALSO EXECUTED A CONVEYANCE DEED IN FAVOUR OF AXIS BANK
CONVEYANCE DEED TO ENABLE INDEPENDENT AND EXCLUSIVE ACCESS TO AXIS BANK’S HEADQUARTERS, FOR SUM UPTO 1.49 BILLION RUPEES
Source text for Eikon: ID:nNSE5KKJcq
Further company coverage: AXBK.NS
India's Bombay Dyeing And Mfg Co June-Qtr Consol Net Loss Widens
Aug 9 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO JUNE-QUARTER CONSOL NET LOSS 1.2 BILLION RUPEES VERSUS LOSS 768.2 MILLION RUPEES
BOMBAY DYEING & MFG CO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES VERSUS 6.06 BILLION RUPEES
TERMINATION OF DEPOSIT AGREEMENT WITH CITIBANK N.A.
TERMINATION OF DEPOSIT AGREEMENT FOR CO’S GLOBAL DEPOSITORY RECEIPTS, DELISTING OF GDRS FROM LUXEMBOURG STOCK EXCHANGE
Source text for Eikon: ID:nBSE6RykQT
Further company coverage: BDYN.NS
Aug 9 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO JUNE-QUARTER CONSOL NET LOSS 1.2 BILLION RUPEES VERSUS LOSS 768.2 MILLION RUPEES
BOMBAY DYEING & MFG CO JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.98 BILLION RUPEES VERSUS 6.06 BILLION RUPEES
TERMINATION OF DEPOSIT AGREEMENT WITH CITIBANK N.A.
TERMINATION OF DEPOSIT AGREEMENT FOR CO’S GLOBAL DEPOSITORY RECEIPTS, DELISTING OF GDRS FROM LUXEMBOURG STOCK EXCHANGE
Source text for Eikon: ID:nBSE6RykQT
Further company coverage: BDYN.NS
India's Bombay Dyeing continues drop after Q4 loss widens
** Shares of Bombay Dyeing and Manufacturing Co Ltd BDYN.NS down 2.3%, falling for 4th session in a row
** Real-estate developer and textile maker posted a Q4 loss of 2.46 bln rupees ($30.12 mln) vs 417.4 mln rupees a yr ago
** Wadia Group-owned company's revenue grew 12.1% but expenses grew 41%
** The 4-day slide comes after the stock rallied 74% since hitting a two-year low in March 28
** That rally has helped the stock to still remain ~6% higher for the year
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Bombay Dyeing and Manufacturing Co Ltd BDYN.NS down 2.3%, falling for 4th session in a row
** Real-estate developer and textile maker posted a Q4 loss of 2.46 bln rupees ($30.12 mln) vs 417.4 mln rupees a yr ago
** Wadia Group-owned company's revenue grew 12.1% but expenses grew 41%
** The 4-day slide comes after the stock rallied 74% since hitting a two-year low in March 28
** That rally has helped the stock to still remain ~6% higher for the year
(Reporting by Biplob Kumar Das in Bengaluru)
India's Bombay Dyeing And Mfg Co March-Quarter Consol Net Loss Surges
May 4 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET LOSS 2.46 BILLION RUPEES VERSUS LOSS 417.4 MILLION RUPEES
BOMBAY DYEING & MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.70 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
Source text for Eikon: ID:nBSEc1KNNF
Further company coverage: BDYN.NS
May 4 (Reuters) - Bombay Dyeing and Mfg Co Ltd BDYN.NS:
INDIA'S BOMBAY DYEING AND MFG CO MARCH-QUARTER CONSOL NET LOSS 2.46 BILLION RUPEES VERSUS LOSS 417.4 MILLION RUPEES
BOMBAY DYEING & MFG CO MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.70 BILLION RUPEES VERSUS 5.98 BILLION RUPEES
Source text for Eikon: ID:nBSEc1KNNF
Further company coverage: BDYN.NS
UPDATE 5-India's Go First touts owner, govt backing after bankruptcy filing
Repeats with no changes to text
No question of Wadia Group exit -CEO
India govt keen "we should not fail" -CEO
Rival airlines' shares surge, lenders drop
By Tanvi Mehta, Dhanya Skariachan and Chris Thomas
BENGALURU, May 3 (Reuters) - The owner of Go Airlines (India) has no plans to exit the budget carrier after engine troubles forced it into bankruptcy, the airline's CEO told Reuters on Wednesday, as frustrated flyers complained of abrupt flight cancellations.
India's third-largest airline, which recently rebranded as Go First, filed for bankruptcy on Tuesday, blaming Pratt & Whitney's "faulty" engines, which it uses on its Airbus 320 AIR.PA neo aircraft.
The collapse of the first Indian airline since Jet Airways in 2019 comes amid fierce competition in the sector led by its largest rival IndiGo and Tata Group-owned Air India, as passenger traffic roars back after the pandemic.
"The Wadia group, in particular Nusli Wadia, has always tried to see that the company and the airline operations go on, on a normal basis, in spite of the fact that we are completely disabled to that extent by Pratt & Whitney," CEO Kaushik Khona said.
"There is no question of Wadia group having any intention to exit or move out."
Wadia group, which owns 100% of Go First, pumped 2.90 billion rupees ($35.46 million) into the airline in April alone, bringing the group's total investment in Go First to 65 billion rupees.
"The Indian government is very keen we should not fail," Khona said.
The abrupt flight cancellations after the bankruptcy filing also upset travellers and Khona said the airline was not selling tickets until at least May 15.
"I had to shell out more than double of what I originally paid for a ticket on another flight," said Mumbai-based advertising executive Timir Roychoudhury, whose Goa-Mumbai flight was cancelled.
ENGINE WOES
In its bankruptcy filing, Go First claimed its failure followed a refusal by the U.S. company to abide by an arbitration order to release spare leased engines, that would have allowed it to return to full operations.
Go First argued in the case that Pratt & Whitney engines had a "serious design flaw" that caused shutdowns and premature failure, which led to the grounding of 28 of its aircraft as of this week.
Pratt said in the arbitration case that Go First's arguments relied on "fabricated obligations".
The engine maker, owned by Raytheon RTX.N, also asked why Go First bought another 156 engines in 2019, three years after it began operating them, if they were defective from the start.
Pratt said Go First could not show it was the "sole or exclusive cause – or any cause at all – of its poor financial condition".
The Pratt engine has faced problems with durability in hot and dusty climates including India, requiring more frequent maintenance. Gaps in availability have been compounded by a shortage of repair capacity.
In 2019, IndiGo dropped Pratt as a supplier and placed a $20 billion order for CFM International's LEAP engines for its fleet expansion following some plane groundings.
REVIVE, NOT SELL
The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Khona said, confirming it had made all required payments to Pratt.
Go First's market share in India dropped to 7% in October 2022 while its weekly departures fell 39% by March, from their 2021 levels.
On Wednesday, the airline's CEO said it was looking to dissuade lessors from taking action and confirmed some parties had expressed an interest in taking a stake in the airline.
Pilots have been receiving their salaries with a delay for the past few months, and are already considering moving to bigger rivals, according to three pilots who did not wish to be named.
Go First's lenders will most likely meet on Wednesday to discuss what to do next after the bankruptcy filing, two bankers aware of the development told Reuters.
The airline owed financial creditors 65.21 billion rupees ($797 million), its bankruptcy filing showed. As of April 30, Go First had not defaulted on any of those loans, it said in the filing seen by Reuters.
Shares of Go First lenders Central Bank of India CBI.NS, Bank of Baroda BOB.NS and IDBI Bank IDBI.NS fell on Wednesday, while stocks of the airline's rivals surged.
($1 = 81.7840 Indian rupees)
FACTBOX-The engine dispute at the heart of Go First's bankruptcy filingL4N37017T
Go First gone: engine troubles, COVID bring down India's third-largest airlinenL4N370129
Where Go First standshttps://tmsnrt.rs/3oT71aX
(Reporting by Tanvi Mehta in New Delhi, Chris Thomas and Dhanya Skariachan in Bengaluru; Additional reporting by Siddhi Nayak and Sudipto Ganguly in Mumbai, Arpan Chaturvedi in New Delhi, Tim Hepher in Paris and Kevin Krolicki in Singapore ; Editing by Dhanya Ann Thoppil, Savio D'Souza, Gerry Doyle and Sharon Singleton)
((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))
Repeats with no changes to text
No question of Wadia Group exit -CEO
India govt keen "we should not fail" -CEO
Rival airlines' shares surge, lenders drop
By Tanvi Mehta, Dhanya Skariachan and Chris Thomas
BENGALURU, May 3 (Reuters) - The owner of Go Airlines (India) has no plans to exit the budget carrier after engine troubles forced it into bankruptcy, the airline's CEO told Reuters on Wednesday, as frustrated flyers complained of abrupt flight cancellations.
India's third-largest airline, which recently rebranded as Go First, filed for bankruptcy on Tuesday, blaming Pratt & Whitney's "faulty" engines, which it uses on its Airbus 320 AIR.PA neo aircraft.
The collapse of the first Indian airline since Jet Airways in 2019 comes amid fierce competition in the sector led by its largest rival IndiGo and Tata Group-owned Air India, as passenger traffic roars back after the pandemic.
"The Wadia group, in particular Nusli Wadia, has always tried to see that the company and the airline operations go on, on a normal basis, in spite of the fact that we are completely disabled to that extent by Pratt & Whitney," CEO Kaushik Khona said.
"There is no question of Wadia group having any intention to exit or move out."
Wadia group, which owns 100% of Go First, pumped 2.90 billion rupees ($35.46 million) into the airline in April alone, bringing the group's total investment in Go First to 65 billion rupees.
"The Indian government is very keen we should not fail," Khona said.
The abrupt flight cancellations after the bankruptcy filing also upset travellers and Khona said the airline was not selling tickets until at least May 15.
"I had to shell out more than double of what I originally paid for a ticket on another flight," said Mumbai-based advertising executive Timir Roychoudhury, whose Goa-Mumbai flight was cancelled.
ENGINE WOES
In its bankruptcy filing, Go First claimed its failure followed a refusal by the U.S. company to abide by an arbitration order to release spare leased engines, that would have allowed it to return to full operations.
Go First argued in the case that Pratt & Whitney engines had a "serious design flaw" that caused shutdowns and premature failure, which led to the grounding of 28 of its aircraft as of this week.
Pratt said in the arbitration case that Go First's arguments relied on "fabricated obligations".
The engine maker, owned by Raytheon RTX.N, also asked why Go First bought another 156 engines in 2019, three years after it began operating them, if they were defective from the start.
Pratt said Go First could not show it was the "sole or exclusive cause – or any cause at all – of its poor financial condition".
The Pratt engine has faced problems with durability in hot and dusty climates including India, requiring more frequent maintenance. Gaps in availability have been compounded by a shortage of repair capacity.
In 2019, IndiGo dropped Pratt as a supplier and placed a $20 billion order for CFM International's LEAP engines for its fleet expansion following some plane groundings.
REVIVE, NOT SELL
The insolvency proceedings were aimed at reviving the airline and not selling it, CEO Khona said, confirming it had made all required payments to Pratt.
Go First's market share in India dropped to 7% in October 2022 while its weekly departures fell 39% by March, from their 2021 levels.
On Wednesday, the airline's CEO said it was looking to dissuade lessors from taking action and confirmed some parties had expressed an interest in taking a stake in the airline.
Pilots have been receiving their salaries with a delay for the past few months, and are already considering moving to bigger rivals, according to three pilots who did not wish to be named.
Go First's lenders will most likely meet on Wednesday to discuss what to do next after the bankruptcy filing, two bankers aware of the development told Reuters.
The airline owed financial creditors 65.21 billion rupees ($797 million), its bankruptcy filing showed. As of April 30, Go First had not defaulted on any of those loans, it said in the filing seen by Reuters.
Shares of Go First lenders Central Bank of India CBI.NS, Bank of Baroda BOB.NS and IDBI Bank IDBI.NS fell on Wednesday, while stocks of the airline's rivals surged.
($1 = 81.7840 Indian rupees)
FACTBOX-The engine dispute at the heart of Go First's bankruptcy filingL4N37017T
Go First gone: engine troubles, COVID bring down India's third-largest airlinenL4N370129
Where Go First standshttps://tmsnrt.rs/3oT71aX
(Reporting by Tanvi Mehta in New Delhi, Chris Thomas and Dhanya Skariachan in Bengaluru; Additional reporting by Siddhi Nayak and Sudipto Ganguly in Mumbai, Arpan Chaturvedi in New Delhi, Tim Hepher in Paris and Kevin Krolicki in Singapore ; Editing by Dhanya Ann Thoppil, Savio D'Souza, Gerry Doyle and Sharon Singleton)
((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))
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What does Bombay Dyeing Mfg. do?
Established in 1879, Bombay Dyeing is an Indian brand known for its high-quality linens, towels, home furnishings, and clothing with exceptional design and value.
Who are the competitors of Bombay Dyeing Mfg.?
Bombay Dyeing Mfg. major competitors are Faze Three, Himatsingka Seide, Raghuvir Synth., Bella Casa Fashion, KG Petrochem, Indo Count Inds, Sheela Foam. Market Cap of Bombay Dyeing Mfg. is ₹2,539 Crs. While the median market cap of its peers are ₹979 Crs.
Is Bombay Dyeing Mfg. financially stable compared to its competitors?
Bombay Dyeing Mfg. seems to be less financially stable compared to its competitors. Altman Z score of Bombay Dyeing Mfg. is 3.98 and is ranked 5 out of its 8 competitors.
Does Bombay Dyeing Mfg. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bombay Dyeing Mfg. latest dividend payout ratio is 5.06% and 3yr average dividend payout ratio is 2.95%
How has Bombay Dyeing Mfg. allocated its funds?
Companies resources are allocated to majorly unproductive assets like Short Term Loans & Advances
How strong is Bombay Dyeing Mfg. balance sheet?
Balance sheet of Bombay Dyeing Mfg. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Bombay Dyeing Mfg. improving?
No, profit is decreasing. The profit of Bombay Dyeing Mfg. is ₹26.68 Crs for TTM, ₹490 Crs for Mar 2025 and ₹2,949 Crs for Mar 2024.
Is the debt of Bombay Dyeing Mfg. increasing or decreasing?
Yes, The net debt of Bombay Dyeing Mfg. is increasing. Latest net debt of Bombay Dyeing Mfg. is -₹78.64 Crs as of Mar-26. This is greater than Mar-25 when it was -₹194.48 Crs.
Is Bombay Dyeing Mfg. stock expensive?
Bombay Dyeing Mfg. is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Bombay Dyeing Mfg. is 92.72, while 3 year average PE is 10.29. Also latest EV/EBITDA of Bombay Dyeing Mfg. is 0.0 while 3yr average is 13.81.
Has the share price of Bombay Dyeing Mfg. grown faster than its competition?
Bombay Dyeing Mfg. has given better returns compared to its competitors. Bombay Dyeing Mfg. has grown at ~5.03% over the last 9yrs while peers have grown at a median rate of 4.05%
Is the promoter bullish about Bombay Dyeing Mfg.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bombay Dyeing Mfg. is 53.57% and last quarter promoter holding is 53.57%.
Are mutual funds buying/selling Bombay Dyeing Mfg.?
There is Insufficient data to gauge this.