Alok’s net profit up 52%

Alok Industries has reported net sales of Rs 22.02 billion for the quarter ended March 31, 2011,

as compared to Rs 14.71 billion in the corresponding period last fiscal, registering a growth of 49.74 per cent. During the quarter the company has also registered net profit of Rs 1.60 billion, grown by 67.9 per cent as compared to Rs 953.3 million posted in the same quarter last fiscal year. The EBIDTA for the quarter was at Rs 558.75 crores as against Rs 429.80 crores in the corresponding quarter of the last fiscal year, registering a growth of 30 per cent.

During the quarter the company has also registered a net profit of Rs 1.60 billion, grown by 67.9 per cent as compared to Rs 953.3 million posted in the same quarter of the last fiscal year. The growth has been due to both volume and value growth. Despite an increase in raw material prices, Alok has been able to maintain margins due to good order flow. The product portfolio, which spans across the cotton and polyester segments, de-risks the business while offering high value addition.

Established in 1986 as a private limited company, Alok Industries set up its first polyester texturising plant in 1989. It became a public limited company in 1993. Over the years, it has expanded into weaving, knitting, processing, home textiles and garments. It also provides embroidered products through Grabal Alok Impex, an associate company. That is how it has evolved into a 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. Hence, the company is an end-to-end textile solutions provider.