Alok Industries tumbled 9.51% to Rs 24.25 after the company's reported net loss of Rs 84.11 crore in Q2 FY22 as compared to a net profit of Rs 4,798.64 crore in Q2 FY21.
Revenue from operations surged 134.24% to Rs 1,904.57 crore in Q2 FY22 over Q2 FY21.
On a standalone basis, the company's reported net loss of Rs 74.52 crore in Q2 FY22 as compared to a net profit of Rs 4,442.94 crore in Q2 FY21. Revenue from operations soared 139.66% to Rs 1,873.45 crore in Q2 FY22 over Q2 FY21.
Alok Industries is a textile company with a presence in the cotton and polyester segments. The company is engaged in manufacturing of textile, including mending and packing activities; leather and other apparel products.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app