Basic HTML Version
28
|
The Textile Magazine
JUNE 2012
Alok Industries
fares well despite odds
corporate news
Alok Industries Ltd. reported net
sales of Rs. 2,595.38 crores for the
quarter ended March 31, 2012, as
compared to Rs. 2,195.87 crores
in the corresponding period of the
last fiscal, registering a growth of
18.19 per cent. Export sales for the
quarter stood at Rs. 814.90 crores
(Rs. 580.98 crores), registering
a growth of 40.26 per cent. The
operating EBIDTA for the quar-
ter was at Rs. 737.44 crores (Rs.
575.90 crores). Net profit after tax
stood at Rs. 283.50 crores (Rs.
159.59 crores), representing a
growth of 77.73 per cent.
Net sales for the 12 months
ended March 31, 2012, was at
Rs. 8,900.86 crores, an increase
of 39.33 per cent as compared to
Rs. 6,388.44 crores in the corre-
sponding period of the last fiscal.
Export sales for the period stood at
Rs. 3,029.56 crores (Rs. 2,217.25
crores), a growth of 36.64 per cent.
The operating EBITDA for the
year was at Rs. 2,624.75 crores
(Rs. 1,879.30 crores), registering
a growth of 39.67 per cent. Net
profit after tax (after exceptional
items) for the 12 months stood at
Rs. 380.53 crores.
Commenting on the results,
Mr. Dilip B. Jiwrajka, Managing
Director, Alok Industries Ltd.,
said: “We are encouraged by the
steady growth in sales and operat-
ing EBITDA. We will continue to
take specific measures to posi-
tion our company for long-term
sustainability with focus on
improving ROCE. The strategy is
to optimise existing capacities and
improve asset turnover by widen-
ing the product portfolio, including
technical textiles, by selectively
expanding capacities. We draw our
strength from our strong customer
base and our ability to satisfy their
Mr. Dilip B. Jiwrajka, Managing Director, Alok Industries Ltd