ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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BOMBAY DYEING AND MANUFACTURING-Riding the DMT Boom

EPW Research Foundation BOMBAY DYEING AND MANUFACTURING Riding the DMT Boom ESTABLISHED in 1879, Bombay Dyeing and Manufacturing Company, India's largest producer of polyester raw material DMT, manufactures cotton textiles and non-woven fabrics and also carries out bleaching, dyeing, and sanforising. A 76 per cent increase in turnover, from Rs 524 crore to Rs 922 crore, an increase of around 80 per cent in total income and a rise of 92 per cent in profit after tax from Rs 51.17 crore to Rs 98.09 crore were some of the highlights of the company's performance for the year ended March 1995. Net profit could have been higher were it not for a tax provision of Rs 16.75 crore against zero tax provision in the previous yew. The company has proposed a dividend of 55 per cent.

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