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Net sales up by 47.21% - Alok Industries
03
Nov '11
Alok Industries Limited, one of the leading integrated textile companies in India, reported 11 et sales of Rs. 2,136.79 crore for the quarter ended September 30, 2011, as compared to Rs. 1,451.50 crore in the corresponding period of the last fiscal, registering a growth of 47.21%. Export sales for the quarter ended September 30, 2011 stood at R.s. 740.04 crore, as against Rs. 605.53 crore in the same period of the last fiscal, registering a growth of 22.21%.

The EBIDTA for the quarter was at Rs. 540.98crores as against Rs. 416.97 crores in the corresponding quarter of last fiscal year, registered a growth of 29.74%. The net profit after tax stood at Rs. 81.71 crore, higher by 2.40%, as compared to Rs. 79.80 crore posted in the same quarter of last fiscal year.

Net Sales for six months ended 30 September, 2011 was at Rs. 3,781.68 crore, an increase of 48.27% as compared to Rs. 2,550.48 crore in the corresponding period of the last fiscal.

Export sales for the six months ended 30 September, 2011 stood at Rs. 1,342.23 crore as compared to Rs. 1,041.38 crore in the corresponding period of the last fiscal, a growth of 28.89%. The net profit after tax for the six months ended 30 September, 2011 stood at Rs.139:48 crore, as compare9 to Rs.126.32 crore in the corresponding period of the lost fiscal, registering a growth of 10.42%.

Management Comment:-
Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries limited, said, "We are encouraged with the second quarter results, especially in the wake of prevailing tough market conditions. Our exports continue to grow at a healthy pace and our domestic growth too is heartening.

Our consolidation measures' are gathering momentum with a key focus on improving price and product mix while optimizing efficiencies and cost structures. We have also considerably increased marketing efforts to monetize our real estate assets. We are confident that these measures will further strengthen our competitive position."

Alok was established in 1986 as a private limited company, with our first polyester texturising plant being set up in 1989. We became a public limited company in 1993. Over the years, we have expanded into weaving, knitting, processing, home textiles and garments.

Alok Industries Limited

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