Textile firm Bombay Dyeing & Manufacturing Company posted a net loss of Rs 27.50 crore for the first quarter ended June 30, 2012, due to overall higher expenses.

The company had posted a net loss of Rs 39.79 crore during the same period of previous fiscal, Bombay Dyeing said in a filing to the BSE.

Net sales of the company rose to Rs 465.73 crore for the first quarter ended June 30, 2012, as compared to Rs 394.84 crore during the same period of 2011-12 fiscal.

During the quarter under review, the company’s total expenses stood at Rs 480.08 crore, as compared to Rs 412.83 crore during the same period of previous fiscal.

The Mumbai-headquartered firm manufactures linens, towels, home furnishings, leisure clothing and kids wear.

Shares of Bombay Dyeing today closed at Rs 524.30 apiece on the BSE, down 0.79 per cent from its previous close.

(This article was published on August 7, 2012)
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