Home / Knowledge / News / Textiles / Q1FY10 - an encouraging start for Alok: CFO, Mr Sunil Khandelwal
Q1FY10 - an encouraging start for Alok: CFO, Mr Sunil Khandelwal
06
Aug '09
Alok Industries, the domestically as well as internationally renowned Indian textiles giant, has recently declared its first quarter results for financial year 2009-10. In a talk with News team at fibre2fashion, expressing his delight on the performance of his company in the start of this fiscal, Mr Sunil Khandelwal, CFO, Alok Ind, says, “The performance of the company for the 1st quarter of the current financial year is quite encouraging. The sales increased by 44.69% to Rs. 786.26 crores as against Rs. 543.44 crores in the previous corresponding quarter. The exports also grew by 33.81% to Rs. 264.86 crores from Rs.197.94 crores.”

The obvious interrogation to follow, by our team, was definitely- “how?” Revealing details of the growth factors in Netsales and increase in PAT by 6.94%, Mr Khandelwal further quoted- “The growth in sales came on account of additional capacities added upon completion of the projects. The other contributors for sales growth are Alok's unique product offerings across the value chain, consolidation of sourcing by the overseas retailers and diversified market and customer base, whereas the increase in operating PAT is mainly on account of increase in sales. However, the increase in PAT is not in proportionate to increase in sales due to higher incidence of depreciation and interest. However, going forward, with increase in sales and benefits of backward integration getting accrued on cotton as well as polyester side, we expect to have further improvement in PAT margins.”

Our team also noticed 34% growth in the company's export sales for Q1FY10, and requested Mr Khandelwal to help us understand if this points up revival in global economy, or was a resultant of add-ons in clientele, and if later holds true, which regions were added as new clientele base. CFO retorted saying, “Increase in exports is primarily due to the consolidation of sourcing by large global buyers to save on logistics and procurement costs and better co-ordination. Alok became their preferred choice due to its end to end integration, scale of operations, efficiencies and a capability to satisfy demanding customers with large volume orders on time and product development and designing capabilities. There are also sign of global economic revival mainly in US as indicated by the demand and enquiries that we are receiving. The order book position of the company is quite healthy. The company has been adding new clienteles and penetrating into new geographical markets.”

Mr Khandelwal has also provided the geography wise break up of company's exports for Q1FY2010. Please click here for your ready reference.

Further detailing the strategic plans for this financial year, Mr Khandelwal also divulged that the major focus of company, this year, is to consolidate its operations i.e. improving efficiencies, reducing costs and strengthen product development and designing capabilities.

Our team also sought his views on declared union budget. He opines, “The Budget in general was development oriented budget with focus on expenditure on infrastructure and increasing the consumption. As far as Textile Industry is concerned, it was neutral.”

At the fag end of the talk, we asked how he envisages the quarters in offing. To which he replied, “With addition of new capacities consequent to completion of projects and comfortable
order book position, we are confident that the subsequent quarters would also be encouraging.”

To view Q1FY10 of Alok Ind click here.

Alok Industries Ltd


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

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

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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