Textiles company Bombay Dyeing & Manufacturing Company announced Q4FY24 & FY24 results:
Q4FY24 Financial Highlights:
- Bombay Dyeing’s consolidated sales: Rs 381 crore.
- Net profit: Rs 66 crore.
FY24 Financial Highlights:
- Consolidated revenue: Rs 1,688 crore.
- Net profit: Rs 2,949 crore. (including profit on sale of WIC land in Phase-I)
- Final dividend recommended: 60%, i.e., Rs 1.20 per share of Face Value of Rs 2/- each.
- Completion of first phase land sale to Goisu Realty Private Limited for Rs 4,685 crore., extinguishing all debt obligations during FY24.
- Phase-II of the sales transaction to be completed in the current financial year.
- Company is debt free and has a substantial treasury.
- Actively pursuing development of Phase 3 at ICC for approximately 1.2 million square feet out of a total developable area of approximately 3.5 million square feet.