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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

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