Alok Industries Ltd Share Price – NSE  / BSE

Textiles, Small Cap

Net Loss of Alok Industries reported to Rs 262.10 crore in the quarter ended September 2024 as against net loss of Rs 174.83 crore during the previous quarter ended September 2023. Sales declined 35.46% to Rs 885.66 crore in the quarter ended September 2024 as against Rs 1372.34 crore during the previous quarter ended September 2023.

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Revenue from operations dropped 35.46% year on year (YoY) to Rs 885.66 crore in the quarter ended 30 September 2024.

The company reported a pre-tax loss of Rs 262.10 crore in second quarter of FY25 compared with a pre-tax loss of Rs 174.83 crore posted in the same period a year ago.

Total expenses reduced by 25.45% YoY to Rs 1,160.63 crore in Q2 FY25. Cost of materials consumed was at Rs 441.76 crore (down 55.89% YoY) while employee benefit expense stood at Rs 116.62 crore (down 3.8% YoY) during the quarter.

Alok Industries is an integrated textile manufacturer with operations in both cotton & polyester value chain. The company is primarily engaged in the business of textile manufacturing including mending and packing activities. It has global retailers, brands, reputed garment manufacturer and traders.

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Alok Industries will hold a meeting of the Board of Directors of the Company on 14 October 2024.

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Alok Industries has appointed Biji Chacko as Chief Operating Officer of the Company and his appointment as Senior Management Personnel of the Company comes into force with immediate effect.

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