Alok Industries Ltd., one of the leading integrated textile companies in India, has clocked a turnover of Rs. 13,181.88 crores for the 12 months ended March 31, 2013, an increase of 48.10 per cent as compared to Rs. 8,900.85 crores the previous fiscal. Export sales stood at Rs. 3,301.37 crores (Rs. 3,029.56 crores), representing a growth of 8.97 per cent. Net profit after tax stood at Rs. 790.27 crores (Rs. 380.52 crores), registering a growth of 107.68 per cent.
Mr. Dilip Jiwrajka stated: “Given the challenging business environment, we are heartened by our performance as it demonstrates the risk mitigated business model that we have developed, with our dominant position in both the cotton and polyester segments. We are also glad that the exit strategy of our non-core divisions, viz., real estate and retail, is progressing well. We are now fully focused on our core business – working on rationalizing costs (especially utilities) and enhancing ROCE. We are confident that we are now firmly on track to not merely deliver but exceed stake-holders’ expectations.”
Alok Industries is amongst the fastest growing vertically integrated textile solutions providers in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, it has capacities of 105 million metres of sheeting fabric and 13,400 tons of terry towels for its home textiles business, 186.00 million metres of apparel width woven fabrics, 25,000 tons per annum of knitted fabrics and 22 million pieces per annum of garments.
The company also has its strong presence in the polyester segment with a capacity of 1,70,000 tons per annum of polyester textured yarn, FDY of 70,000 tons, and polyester fibre / cationic yarn of 94,000 tons supplemented by 1,66,000 tons per annum of POY and Chips. The company has a blue chip international customer base comprising world renowned retailers, importers and brands.