Highlights of the call are:

• For the quarter ended September 2010, Alok Industries has reported 49% rise in the net income from operations at Rs 1451.50 crore and 40% rise in the Net profit at Rs 79.80 crore. OPM was under pressure and declined by 120 bps at Rs 28.6% in the quarter under review owing to spike in the raw material cost.
• The exports revenue increased by 90% in quarter under review to Rs 605.53 crore against Rs 318.77 crore in the corresponding previous quarter and constituted 41.7% of the net sales.
• The break up of revenues in different products of the company during the quarter is as follows: yarn Rs 19.80 crore (up by 68%), Apparel Fabric Rs 666.96 crore (up by 71%), Home textiles Rs 278.08 crore (up by 62%), garments Rs 64.17 crore (up by 18%) and polyester yarn at Rs 332.49 crore (up by 13%).
• The company's expansion of FDY unit with capacity of 200 tons per day is expected to commence production by end of December 2010.
• The management expects to maintain EBIDTA margins in range of 29% for FY11.
• The Inventory turnover days has increased to 127 from 125 at end of March 2010.
• The `H&A' chain of stores opened an additional 25 shops during the quarter; taking the total number to 251; target is to have 400 stores operational by March 2011
• `Store Twenty One', the UK retail chain of value-format stores seems well on way to register a record growth this year with sales for Q2 2010-11 at £29.17 million as compared to £27.53 million in the corresponding quarter of the previous period, a growth of 5.97%.
• Total long term borrowing of the company at end of September 2010 is Rs 6577.05 crore. The company expects that the debt will be coming down only in FY12.
• The long term debt to Equity ratio has increased to 1.81 in quarter ended September 2010 from 1.62 at end of March 2010.
• The company has sold of one fifth portion of the Nagpur project while that of peninsula business park project will be ready only by last quarter of FY11.
• The management expects cotton prices to hover high in cotton year CY11 (Sept – Oct ) owing to strong demand both locally and globally despite surge in the production estimates of domestic cotton in current year.
• The company has cotton stock left for use till 31 December 2010. Management plans to buy cotton at right prices after the arrivals starts picking up in mandis.