Bombay Dyeing Q3FY08 Results

Bombay Dyeing & Manufacturing Company Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net loss of Rs 370.10 million for the quarter ended December 31, 2007 where as the same was net profit at Rs 72.10 million for the quarter ended December 31, 2006. Total Income is Rs 3079.00 million for the quarter ended December 31, 2007 where as the same was at Rs 1190.20 million for the quarter ended December 31, 2006.

Commercial production of PSF, based on PTA as feedstock, commenced from October 01, 2007 and hence the results for the current periods are not comparable with the previous periods. Further, the performance of the PSF division during the current period was adversely impacted by large increase in the price of the raw materials which could not be passed on to the consumers on account of the over supply situation in the PSF market.