Alok Industries Ltd Share Price – NSE  /  BSE

Textiles, Small Cap

Revenue from operations dropped 28.88% to Rs 1,006.30 crore in Q1 FY25 as compared to Rs 1,414.91 crore recorded in the corresponding quarter previous year.

Total expenses declined by 25.95% YoY to Rs 1,218.95 crore in the June quarter. Cost of materials consumed was at Rs 500.88 crore (down 50.21% YoY) while employee benefit expense stood at Rs 116.94 crore (down 4.28% YoY) during the quarter.

Mumbai-based Alok Industries is a textile manufacturing company.

The scrip closed 0.92% lower at Rs 26.97 on Tuesday, 16 July 2024.

The market is closed today on account of Muharram.

Powered by Capital Market - Live News

Net Loss of Alok Industries reported to Rs 206.87 crore in the quarter ended June 2024 as against net loss of Rs 226.14 crore during the previous quarter ended June 2023. Sales declined 28.88% to Rs 1006.30 crore in the quarter ended June 2024 as against Rs 1414.91 crore during the previous quarter ended June 2023.

Powered by Capital Market - Live News

Alok Industries will hold a meeting of the Board of Directors of the Company on 16 July 2024.

Powered by Capital Market - Live News

Alok Industries has appointed Anil Kumar Mungad as Chief Financial Officer and Key Managerial Personnel of the Company with effect from 01 July 2024.

Anil Kumar Mungad, aged 55 years, is a Chartered Accountant, Company Secretary and Science & Law Graduate having 30 years of experience in the field of Finance & Accounts. He was named among top 10 CFOs of Malaysia by the “CEO Insight Asia” magazine in the year 2022.

Before joining the Company, he was working as chief financial officer of Recron (Malaysia) Sdn. Bhd, Kuala Lumpur. Prior to that, he was working as Senior Vice President- Commercial (Polymer Chain) with Reliance Group at its Mumbai Office. He has been associated with Reliance Group, since 2002.

Powered by Capital Market - Live News