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Alok Industries registers 16.76% growth in Q4
30
Apr '09
Alok Industries Limited, one of the leading integrated textile companies in India, reported a Net Sales of Rs 908.39 crore for the quarter ended March 31, 2009, grown by 25.33% as against Rs. 724.79 crore posted in the same period of the last fiscal.

Operating Net Profit for the fourth quarter stood at Rs 71.19 crore, registered a growth of 16.76% as compared to Rs 60.97 crore posted in the corresponding period of the last fiscal year. The operating margin for Q4 FY09 was at 28.28% as against 24.89% recorded in Q4 FY 08.

Net sales for the year ended March 31, 2009, grew by 36.67% to Rs 2966.38 crore as compared to Rs 2170.41 crore in the previous year, while operating net profit for the year ended March 31, 2009 rose by 16.92% to Rs 196.12 crore, as against Rs 167.73 crore posted in the same period of last fiscal. Earnings per Share (EPS) for FY09 worked out to Rs 9.99 as compared to Rs 11.40 for the same period of last fiscal.

Export Sales for 2008-09 increased by 0.91% to Rs. 1046.29 crore as compared to Rs. 1036.88 crore in 2007-08.

Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited said, “We are quietly satisfied with both our quarterly and annual performance. Our margins have been improving over time, thanks to our across-the-chain integration, extensive product portfolio and operational efficiencies. We are now consolidating our production capacities and hope to increase volumes and maintain margins.”

Alok Industries has completed its rights issue of Rs. 450 crore. The whole issue was subscribed by 118.15%.

Alok Industries Limited

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