Home / Knowledge / News / Textiles / Alok Inds to focus on home textiles, apparel fabrics & polyester yarn in Q4
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


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Rupa Sood and Sharan Apparao
Nayaab

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

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

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search