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Textile manufacturer Alok Industries Q1FY09 net sales up
Jul '08
Alok Industries Limited, one of the leading integrated textile companies in India, reported a Net Sales of Rs. 543.44 crores for the quarter ended June 30, 2008, a jump of 29.73% as against Rs. 418.90 crores posted in the same period of the last fiscal.

Operating PAT for the first quarter stood at Rs. 29.83 crores, a growth of 8.70% as compared to Rs. 27.44 crores posted in the same period of last year. The operating EBITDA margin for Q1FY09 was at 24.71% as against 24.29% recorded in Q1FY08.

Earnings per Share (EPS) for Q1FY09 worked out to Rs. 1.54.

Export Sales for the first quarter stood at Rs. 197.94 crores, a growth of 5.51% as compared to Rs. 187.61 crore posted in the same period of last year.

Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited said, “While weakening of the rupee has provided some relief, it has generally been a challenging environment for industry with rising input costs.

Our order book position is comfortable and we are geared to meet the challenges appropriately. We look forward to the rest of this fiscal with quiet confidence.”

Alok Industries Limited

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