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Hot Pursuit
16-Apr-22
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Alok Industries Q4 FY22 net loss falls 95% YoY
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Alok Industries reported a net loss of Rs 26.76 crore for Q4 FY22 which has declined 95% YoY from Rs 500.11 crore.
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Revenue from operations rose 37% to Rs 2,010.88 crore in Q4 FY22 as against Rs 1466.82 crore in Q4 Fy21.Total income soared 37.4% to Rs 2031.44 crore to Rs 1478.63 compared to same quarter in the previous year.
Cost of materials consumed increased 38.31% YoY to Rs 1482 crore in the quarter ended March 2022. The company's current assets exceeds its current liabilities by Rs. 169.18 crore and it has earned EBITDA of Rs. 170.56 crore for the quarter and Rs. 611.61 crore for the year ended March 31, 2022.
Alok Industries is one of the leading textile group and amongst the fastest growing vertically integrated textile companies in India. They are offering world class integrated textile solutions. They manufacture world-class home textiles, apparel fabrics, garments and polyester yarns selling directly to manufacturers, exporters, importers, retailers and brands the world over.
Shares of Alok industries were trading 3.15% lower to end at Rs 27.70 on BSE, on Wednesday, 13 April 2022.
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