Home / Knowledge / News / Textiles / Alok Industries reports outstanding perfomance in Q2
Alok Industries reports outstanding perfomance in Q2
31
Oct '08
Alok Industries Limited, one of the leading integrated textile companies in India, today reported a Net Sales of Rs. 698.14 crore for the quarter ended 30 September 2008, a jump of 50.21% over the corresponding quarter of the previous year (Rs. 464.78 crore). Sales for the six months ended 30 September 2008 stood at Rs.1,241.58 crore – a 40.50% increase over the same period of the previous fiscal (Rs. 883.68 crore)

Export Sales for the second quarter stood at Rs 261.16 crore, representing a 29.67% increase over the Rs. 201.40 crore achieved during the quarter ended 30 September 2007. At a cumulative level, export sales for the half-year ended 30 Sep 2008 reached Rs. 459.10 crore – an increase of 18.02% over the figure reported for the six months ended 30 September 2007 (Rs. 389.01 crore).

Operating Net Profit for Q2 FY 2008-09 reached Rs. 45.26 crore, a growth of 26.60% as compared to Rs. 35.75 crore posted in the same period of last year. The corresponding figures for the six-month period were Rs. 75.09 crore (in 2008-09) vis-à-vis Rs. 63.07 crore (in 2007-08) – a growth of 19.06%

Operating Earnings per Share as on 30 September 2008 worked out to Rs 3.84 as compared to Rs 3.70 for the six months ended 30 September 2007.

Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited said, “In a challenging economic scenario, our performance reflects positively on the efficiencies of scale and operations that Alok has been able to implement over a period of time.

Timely expansions, integration across the textile value chain and sustained focus on quality, cost and consistent on-time deliveries have made Alok a 'supplier of choice' to demanding global customers. Alok is also well poised to take advantage of the depreciation of the Rupee vis-à-vis the Dollar and other currencies. Alok has a healthy order book and, during the current fiscal, is confident of maintaining its growth rate.”

About Alok Industries Ltd.:
Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions provider in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, and an integrated textile solutions provider.

Alok currently has annual capacities of 40,500 tons of spinning, 46 mln metres of wider width weaving (along with 82.50 mln metres of wider width processing), 10 mln pieces of made-ups, 63.92 mln metres of apparel width weaving (82.50 mln metres of apparel width processing), 18,200 tons of knit weaving and processing each, 3000 tons of yarn dyeing, 15 mln pieces of garmenting 75,000 tons of polyester texturising.

The company has a blue chip international customer base comprising of world renowned retailers, importers and brands.



Alok Industries Ltd

Must ReadView All

Courtesy: Kornit Digital

Textiles | On 28th Feb 2017

'Customisation is an advantage of digital printing'

Changing business models and companies' decision to reduce their...

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
February 2017

February 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