Mumbai, February 3, 2025 – The Bombay Dyeing and Manufacturing Company Limited (BSE: 500020, NSE: BOMDYEING) has announced its unaudited financial results for the third quarter (Q3) and nine months ended December 31, 2024, along with a significant leadership change.
Key Financial Highlights (₹ in crore)
Particulars
Q3 FY25 (Dec 2024)
Q2 FY25 (Sep 2024)
Q3 FY24 (Dec 2023)
9M FY25
9M FY24
Revenue from Operations
414.81
380.63
369.22
1,246.41
1,307.83
Other Income
38.81
29.52
17.20
90.46
40.01
Total Income
453.62
410.15
386.42
1,336.87
1,347.84
Profit/(Loss) Before Exceptional Items & Tax
43.14
(28.25)
(73.21)
35.30
(310.06)
Exceptional Items
50.71
501.99
3,880.54
552.70
3,945.87
Profit Before Tax (PBT)
93.85
473.74
3,807.33
588.00
3,635.81
Net Profit After Tax (PAT)
70.00
392.88
3,053.92
478.35
2,882.03
Earnings Per Share (₹ 2 Face Value)
3.39
19.02
147.86
23.16
139.54
Revenue from operations increased to ₹ 414.81 crore, showing 12.3% YoY growth.
PAT stood at ₹ 70 crore for the quarter, significantly lower than Q3 FY24 due to a decline in exceptional gains compared to last year.
Exceptional gains in Q3 FY25 amounted to ₹ 50.71 crore, significantly lower than ₹ 3,880.54 crore in Q3 FY24.
Segment-Wise Performance (₹ in crore)
Segment
Q3 FY25
Q2 FY25
Q3 FY24
9M FY25
9M FY24
Real Estate Revenue
3.15
11.06
6.80
79.63
226.10
Polyester Revenue
395.99
358.45
349.26
1,128.51
1,044.56
Retail / Textile Revenue
15.67
11.12
13.16
38.27
37.17
Polyester segment remains the dominant revenue generator, contributing ₹ 395.99 crore in Q3 FY25, a 13.4% YoY increase.
Real Estate revenues declined significantly YoY, indicating a slowdown in this segment.
Retail/Textile revenues grew 19.1% YoY, showcasing a revival in consumer demand.
Key Corporate Developments
Management Change
Mr. Rajnesh Datt, currently Chief Operating Officer – PSF, has been elevated as the Manager of the Company, effective February 4, 2025, for a two-year term.
Outgoing Manager Mr. Rahul Anand will step down at the close of business on February 3, 2025.
Regulatory Developments
Pending SEBI Case: SEBI imposed a penalty of ₹ 2.25 crore and a two-year restriction on market access in an order dated October 21, 2022, citing alleged financial misstatements from FY12 to FY18.
Appeal Status: The Securities Appellate Tribunal (SAT) granted a stay on the SEBI order, and hearings are ongoing.
Strategic Investments & Outlook
Renewable Energy Investment: In November 2024, Bombay Dyeing invested ₹ 4.95 crore in AMP Energy C&I Twenty Seven Pvt. Ltd. for a captive solar power project in Maharashtra.
Future Outlook: The polyester segment is expected to drive revenue growth, while real estate activity remains a key area of focus, awaiting new project completions.
Conclusion
Despite a YoY decline in profit due to fewer exceptional gains, core business performance remains steady, particularly in the polyester and retail segments. Investors will closely watch the SEBI appeal outcome, real estate recovery, and new strategic investments in renewable energy.