Bombay Dyeing and Manufacturing Company Ltd reported a consolidated net loss of Rs 98.5 million in Q3 FY26, with revenue from operations falling 22% to Rs 3.24 billion. CFO and Chief Risk Officer Khiroda Jena resigned, marking a leadership change as the company battles declining polyester and textile sales.
Bombay Dyeing and Manufacturing Company Ltd announced its Q3 FY26 results alongside a significant leadership change. The company reported a consolidated net loss of Rs 98.5 million for the December quarter, reversing a profit of Rs 700.6 million in the same period last year. Revenue from operations dropped sharply to Rs 3.24 billion, reflecting weaker demand in its core polyester and textile businesses.
Key Highlights
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Revenue from operations stood at Rs 3.24 billion, down 21.9% year-on-year from Rs 4.15 billion
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Polyester segment contributed Rs 3.06 billion, compared to Rs 3.96 billion in the prior year
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Retail and textile business revenue was Rs 148 million, showing continued weakness in consumer demand
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Total expenses declined 11.7% to Rs 3.62 billion, indicating cost control measures but insufficient to offset revenue fall
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Total income, including other income, dropped 22.7% to Rs 3.51 billion
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Net loss for the quarter was Rs 98.5 million, compared to a profit of Rs 700.6 million last year
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For the nine-month period ended December 2025, the company posted a profit after tax of Rs 58.8 million
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CFO and Chief Risk Officer Khiroda Jena resigned to pursue opportunities outside the organization, marking a key managerial change
The company’s stock closed at Rs 123 following the announcement, reflecting investor caution amid operational and leadership challenges.
Sources: PTI, Rediff Money, FilingReader Intelligence