Alok Industries’ Q3 PAT up 50 per cent

Leading integrated textile company Alok Industries

has reported a 50.12 per cent growth in profit-after-tax at Rs 147.66 crores for the third quarter ended December 31, 2011 compared to the same period last fiscal. The company had reported Rs 98.36 crores PAT in the corresponding period previous fiscal, the company said in a statement. Net sales grew 48.36 per cent to Rs 2,386.65 crores from Rs 1,608.64 crores. Export sales stood at Rs 778.33 crores (Rs 594.89 crores), registering a growth of 30.84 per cent.

On the other hand, the company posted a net loss of Rs 36.58 crores for the quarter ended December 31, 2011 as compared to net profit of Rs 89.76 crores for the quarter ended December 31, 2010. Total income has increased from Rs 1,611 crores for the quarter ended December 31, 2010 to Rs 2,388 crores for the quarter ended December 31, 2011, registering an increase of 10.29 per cent.

The diversified manufacturer of world-class home textiles, garments, apparel fabrics and polyester yarns, selling directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands, Alok has a strong foothold in the domestic retail segment through a wholly owned subsidiary, Alok H&A, under the cash & carry model that offer garments and home textiles at attractive price points. Alok also has an international presence in the retail segment through its associate concern, Grabal Alok (UK). This entity owns more than 200 outlets across England, Scotland and Whales vending value for money ranges for menswear, women's wear, children wear, footwear, homeware and accessories.