Alok Industries Limited, one of the leading integrated textile companies in India, today reported a net sales of Rs. 816.41 crore for the quarter ended 31 December 2008 as compared to Rs. 550.78 crore in corresponding period of the last fiscal year, registered a growth of 48.23%.
Export Sales for the quarter stood at Rs 327.83 crore against Rs. 251.41 crore in the corresponding period of the last fiscal year, registered a growth of 30.40% .Operating Net Profit for the quarter stood at Rs. 49.83 crore grown by 15.43% as compared to Rs. 43.17 crore posted in the same period of last fiscal year.
Net Sales for nine months ended December 31, 2008 stood at Rs.2057.99 crore as compared to Rs. 1434.46 crore in the corresponding period of the last fiscal year, registered a growth of 43.47%.Export sales for nine months ended December 31, 2008 stood at Rs. 786.93 crore as compared to Rs. 640.42 crore in the corresponding period of the last fiscal year, registered a growth of 22.88%.
Operating Net Profit for the nine months ended December 31, 2008 stood at Rs. 124.93 crore as compared to Rs. 106.36 crore in the corresponding period of the last fiscal year, registered a growth of 17.46%.Operating Earnings per Share for nine months ended December 31, 2008 worked out to Rs 6.37 as compared to Rs 6.20 in the corresponding period of the last fiscal year, registered a growth of 2.74%.
Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited said, “In rather challenging times, we increased sales by 48% and EBITDA by 58% - thanks to growing our capacities, greater efficiencies and excellent brand reputation with all our global customers. Our order books are healthy and we expect to maintain growth in revenue and profits going forward.”
Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions provider in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, and an integrated textile solutions provider, Alok currently has annual capacities of 33,300 tons of spinning, 47.05 mln metres of wider width weaving (along with 82.50 mln metres of wider width processing), 10 mln pieces of made-ups, 70.02 mln metres of apparel width weaving (82.50 mln metres of apparel width processing), 18,200 tons of knit weaving and processing each, 3000 tons of yarn dyeing, 15 mln pieces of garmenting 75,000 tons of polyester texturising.
