Net profit of Alok Industries declined 70.18% to Rs 1790.86 crore in the quarter ended March 2020 as against Rs 6005.22 crore during the previous quarter ended March 2019. Sales declined 7.66% to Rs 748.10 crore in the quarter ended March 2020 as against Rs 810.15 crore during the previous quarter ended March 2019.

For the full year,net profit declined 36.89% to Rs 1310.23 crore in the year ended March 2020 as against Rs 2076.16 crore during the previous year ended March 2019. Sales declined 0.70% to Rs 3328.78 crore in the year ended March 2020 as against Rs 3352.24 crore during the previous year ended March 2019.

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Alok Industries will hold a meeting of the Board of Directors of the Company on 30 June 2020.

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Alok Industries has locked down its manufacturing Units (w.e.f. 25 March 2020) and Offices till further instructions of the Management.

The Management has taken necessary steps to curb the spread of COVID-19. The Company has sanitized and disinfected its offices and plants and has enforced the “Work from Home” policy for its employees.

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Net Loss of Alok Industries reported to Rs 194.49 crore in the quarter ended December 2019 as against net loss of Rs 1307.66 crore during the previous quarter ended December 2018. Sales rose 22.70% to Rs 873.33 crore in the quarter ended December 2019 as against Rs 711.76 crore during the previous quarter ended December 2018.

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