Home / Knowledge / News / Textiles / Alok Industries announces Q2 results
Alok Industries announces Q2 results
28
Dec '15
India based textile conglomerate Alok Industries has announced its unaudited standalone results for the quarter ended September 30, 2015.

“The previous financial year of the company was for a period of 18 months from October 01, 2013 to March 31, 2015, whereas the current financial year of the company is for a 12 months from April 01, 2015 to March 31, 2016. Accordingly, corresponding figures for 6 months of the previous financial year, from October 01, 2013 to March 31, 2014, have been included in the results, and hence the results of these periods are not comparable,” the company said in a filing to the BSE.

The company posted a net loss of Rs 242.2 crore for the quarter ended September 30, 2015 whereas the net profit was Rs 45.36 crore for the quarter ended September 30, 2014, due to lower revenue.

Total income for the quarter ended September 30, 2015 stood at Rs 3235.53 crore whereas the same was of Rs. 3790.48 crore for the quarter ended September 30, 2014, the statement said.

Short term borrowings were up 12.7 per cent to 6810 crore during the quarter ending September 30, 2015 over borrowings of Rs 6044 crore in the quarter ending March 31, 2015. However, long term borrowings fell 19 per cent to Rs 5832.7 crore from Rs 7223.5 crore during the same period. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

GST Council allows ITC refund to fabrics

Textiles | On 23rd Jul 2018

GST Council allows ITC refund to fabrics

The Goods and Services Tax (GST) Council at its 28th meeting held...

GST slashed on Chenille fabrics, knitted cap to 5%

Textiles | On 23rd Jul 2018

GST slashed on Chenille fabrics, knitted cap to 5%

The Goods and Services Tax (GST) on Chenille fabrics and other...

Courtesy: Pixabay

Textiles | On 23rd Jul 2018

Pakistan's textile exports up 8.67% in 2017-18

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search