Net sales declined 19.9% to Rs 1,705.69 crore in Q3 FY23 as against Rs 2,129.60 crore in the same quarter last year.

Total expense decreased by 9.5% to Rs 1,748.34 crore in Q3 FY23 as against Rs 1,932.35 crore in corresponding quarter last year. Raw material consumed stood at Rs 1,151.27 crore (down 22.2% YoY), finance cost was at Rs 120.79 crore (down 2.3% YoY). While employee benefit expense stood at Rs 118.25 crore (up 5.2% YoY).

Alok Industries is primarily engaged in the business of textile manufacturing including mending and packing activities. Reliance Industries held 40.01% while JM ARC held 34.99% in the company as on 31 December 2022.

Powered by Capital Market - Live News

Net Loss of Alok Industries reported to Rs 249.83 crore in the quarter ended December 2022 as against net loss of Rs 0.09 crore during the previous quarter ended December 2021. Sales declined 19.91% to Rs 1705.69 crore in the quarter ended December 2022 as against Rs 2129.60 crore during the previous quarter ended December 2021.

Powered by Capital Market - Live News

Alok Industries will hold a meeting of the Board of Directors of the Company on 18 January 2023.

Powered by Capital Market - Live News

Net Loss of Alok Industries reported to Rs 191.50 crore in the quarter ended September 2022 as against net loss of Rs 84.11 crore during the previous quarter ended September 2021. Sales declined 10.82% to Rs 1698.58 crore in the quarter ended September 2022 as against Rs 1904.57 crore during the previous quarter ended September 2021.

Powered by Capital Market - Live News