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Alok Industries net profit zooms in Q4 FY12

22
May '12
Alok Industries Limited, India's largest fully integrated textile company with a dominant presence in the cotton and polyester segments, has reported a huge 77.73 percent year-on-year growth in its net profit for the quarter ending March 31, 2012.

The company's net profit grew from Rs. 1.6 billion during the last quarter of 2010-11 to Rs. 2.83 billion during the fourth quarter of last fiscal.

Net sales of the company grew to Rs. 25.95 billion during the January-March 2012 period, showing an 18.19 percent increase over net sales of Rs. 21.96 billion posted during the same period of last fiscal.

There was a sharp 40 percent jump in the company's export sales, which increased from Rs. 5.8 billion during the last quarter of 2010-11 to Rs. 8.15 billion during the fourth quarter of last fiscal.

The operating Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of Alok, too, registered a 28 percent year-on-year growth during the period under review.

Commenting on the company's impressive performance, Dilip Jiwrajka, Managing Director of Alok Industries, said the company will strive to attain long term sustainability by optimizing existing capacities, expanding product portfolio including technical textiles, and improving asset turnover.

For fiscal year 2011-12, Alok's total profit stood at Rs. 3.8 billion, while its net revenues were Rs. 89 billion. Export sales grossed Rs. 30.3 billion during the fiscal year.

Fibre2fashion News Desk - India


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