Home / Knowledge / News / Textiles / Alok Industries witnesses buoyancy in trade
Alok Industries witnesses buoyancy in trade
29
Oct '10
Alok Industries Limited reported a net sales of Rs. 1451.50 crore for the quarter ended 30 September 2010, as compared to Rs. 794.79 crore in the corresponding period of the last fiscal, registered a growth of 48.90%. Export sales for the quarter ended 30 September, 2010 stood at Rs 605.53 crore, as against Rs. 318.77 crore in the same period of the last fiscal, registering a growth of 89.96%.

Operating Net Profit for the quarter was at Rs. 79.80 crore, registered a growth of 40.01%, as compared to Rs. 57.00 crore posted in the same period of last fiscal. Net Sales for six months ended 30 September, 2010 was at Rs. 2550.48 crore, an increase of 44.83% as compared to Rs. 1761.07 crore in the corresponding period of the last fiscal. Export sales for the six months ended 30 September, 2010 stood at Rs. 1041.38 crore as compared to Rs. 583.63 crore in the corresponding period of the last fiscal, a growth of 78.43%.

Operating Net Profit for the six months ended 30 September, 2010 stood at Rs. 126.32 crore, as compared to Rs. 89.01crore in the corresponding period of the last fiscal, registering a growth of 41.91% Commenting on the results, Mr. Dilip B. Jiwrajka, Managing Director, Alok Industries Limited, said, “Our current quarter performance is indeed satisfying and a reflection of our conviction in our business and the Indian Textile Industry.”

“This Industry is now surely on the threshold of its brightest era. We are witnessing buoyancy in the trade after a long time and this appears to be a sustainable development. We are fully geared in terms of capacity, technology, product development and human capital to tap the emerging opportunities in this exciting scenario, both on the cotton and polyester fronts.”

Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions provider in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, Alok has capacities of 82.50 mn meters of sheeting fabric and 6700 tons of terry towels for its home textiles business, 105.00 mn meters of apparel width woven fabrics, 18200 tons per annum of knitted fabrics and 22 million pieces per annum of garments.

Alok Industries Limited


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Jurgen Gauger
Spreadshirt

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

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

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

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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