Alok industries report increased quarterly sales for 31st Dec, '08
31 Jan '09
2 min read
Alok Industries Limited, one of the leading integrated textile companies in India, reported a net sales of Rs. 816.41 crore for the quarter ended 31 December 2008 as compared to Rs. 550.78 crore in corresponding period of the last fiscal year, registered a growth of 48.23%.
Export Sales for the quarter stood at Rs 327.83 crore against Rs. 251.41 crore in the corresponding period of the last fiscal year, registered a growth of 30.40%.
Operating Net Profit for the quarter stood at Rs. 49.83 crore grown by 15.43% as compared to Rs. 43.17 crore posted in the same period of last fiscal year.
Net Sales for nine months ended December 31, 2008 stood at Rs.2057.99 crore as compared to Rs. 1434.46 crore in the corresponding period of the last fiscal year, registered a growth of 43.47%.
Export sales for nine months ended December 31, 2008 stood at Rs. 786.93 crore as compared to Rs. 640.42 crore in the corresponding period of the last fiscal year, registered a growth of 22.88%.
Operating Net Profit for the nine months ended December 31, 2008 stood at Rs. 124.93 crore as compared to Rs. 106.36 crore in the corresponding period of the last fiscal year, registered a growth of 17.46%
Operating Earnings per Share for nine months ended December 31, 2008 worked out to Rs 6.37 as compared to Rs 6.20 in the corresponding period of the last fiscal year, registered a growth of 2.74%.
Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited said, “In rather challenging times, we increased sales by 48% and EBITDA by 58% - thanks to growing our capacities, greater efficiencies and excellent brand reputation with all our global customers. Our order books are healthy and we expect to maintain growth in revenue and profits going forward.”
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