Home / Knowledge / News / Textiles / Net sales up by 47.21% - Alok Industries
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

Must ReadView All

Courtesy: Carnegie Fabrics

Textiles | On 17th Jan 2017

Calera Capital acquires majority stake in Carnegie Fabrics

Private equity firm Calera Capital has bought a majority stake in...

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

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...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

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

Bani Batra

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search