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Alok Inds to focus on home textiles, apparel fabrics & polyester yarn in Q4
10
Feb '09
Companies in the country are engaged in preparing summaries on their financial performances for the just completed third quarter ending December 2008, amidst a set of new challenges brought along as posterity from weakening economy and resultant recessionary trends.

Alok Industries, one of the the fastest growing vertically integrated textiles solution provider company, has declared its results on January 31, 2009. The Company has maintained its growth trend inspite of milieu of global melt down.

To acquaint our global visitors with the strategies and factors behind this thriving rendition of the textile giant, fibre2fashion team had a one to one with Mr. Sunil Khandelwal, CFO, Alok Industries. The excerpts of the talk are as below:

F2F : This year Alok has embarked growth in its topline by increase of 48.23% compared to Q3 last year. To what goes the credit for this?
Mr. Khandelwal : There has been growth in all the segments of the company. However, Apparel Fabrics, Home Textiles and polyester saw the maximum growth. The increase is primarily due to addition of capacities and higher realization on account of sale of value added products.

F2F : Can you please apprise us about Alok's Products Volume?
Mr. Khandelwal : The capacities of the company are, Click here to view the capacities of the company.

F2F : 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. Which all strategies helped Alok in this increased profitability even in the backdrop of recessionary trends?
Mr. Khandelwal: There has been a growth of 46.91% in EBITDA in Q3FY2009 as compared to Q3FY2008. This was due to the initiatives taken by the company to backwardly integrate into cotton and polyester spinning and increase the product lines into yarn dyed fabrics, work wear fabrics like Flame Retardant, Water Repellent, Anti-Bacteria, Mosquito Repellent, etc.

F2F : Has any Govt sops availed to enhance the performance?
Mr. Khandelwal: The company has availed benefits under TUFs for the loan it has taken for expansion and modernization and Duty Draw Back / DEPB on export sales.

F2F : Where do you see room for betterment in next quarterly results?
Mr. Khandelwal: Going forward the growth will come primarily from the Apparel Fabrics, Home textiles and polyester yarn. In the Apparel Fabrics segment, the company will continue to grow its presence in the work wear segment. On the Home Textiles front, more value addition would come in the form of top-of-the-bed ranges. The next quarter would also witness partial benefit of the company's backward integration into POY for its polyester segment.

Click here to refer to Third Quarter Financial Results.


Fibre2fashion News Desk - India

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