Bombay Dyeing Q1 Profit Falls 49% as Revenue Rises 8.7%

Bombay Dyeing is a big Indian company that makes polyester fabric and builds homes and offices.

In the first three months of its financial year, the company earned a lot more money overall, but its profit became much smaller.

Profit dropped from 13.8 crore rupees to 7.1 crore rupees.

The company's expenses also went up during the quarter.

Bombay Dyeing started a new big building project called THREE ICC.

Starting a new project costs a lot of money at the beginning, which is one reason profits went down.

The part of the business that makes polyester still made a profit.

The part that builds real estate lost money in this quarter.

The company also had to pay a small extra amount because of old legal problems about land.

So the company is selling more, but it is keeping less of that money as profit right now.