Alok Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 20, 2024 at 07:00 pm IST
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Alok Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 14,693.1 million compared to INR 15,704.8 million a year ago. Revenue was INR 14,772 million compared to INR 15,787 million a year ago. Net loss was INR 2,159.3 million compared to INR 2,975.5 million a year ago. Basic loss per share from continuing operations was INR 0.43 compared to INR 0.6 a year ago. Diluted loss per share from continuing operations was INR 0.43 compared to INR 0.6 a year ago.
For the full year, sales was INR 55,095.9 million compared to INR 69,892 million a year ago. Revenue was INR 55,328.1 million compared to INR 70,539.2 million a year ago. Net loss was INR 8,468.2 million compared to INR 8,804.6 million a year ago. Basic loss per share from continuing operations was INR 1.71 compared to INR 1.77 a year ago. Diluted loss per share from continuing operations was INR 1.71 compared to INR 1.77 a year ago.
Alok Industries Limited is an India-based vertically integrated textile company with integration in both cotton and polyester segments. In the cotton segment, the Company is integrated right from spinning to weaving, processing, finished fabrics, bedsheets, towels and garments. In the polyester segment, the integration is from continuous polymerization where PTA and MEG are used to make melt to produce polyester chips to partially oriented yarn (POY), fully drawn yarn (FDY), drawn texturized yarn (DTY) and polyester staple fiber (PSF). Its products include polyester, spun yarns, apparel fabrics, home textiles, garments, textile accessories, technical textiles and corrugated packaging. Its plants are situated at Vapi (in Gujarat) and Silvassa (part of a Union Territory near Vapi). The Company has a customer base across the world that includes global retail brands, textile importers, private labels, and domestic retailers, garment and textile manufacturers and traders.
ALOK INDUSTRIES LIMITED 
