 "Alok Industries Q1 loss widens to Rs 1,212 crore")
Textile manufacturer Alok Industries' net loss for the first quarter ended June 30, widened to Rs 1,212.04 crore.
The company had reported a net loss of Rs 349.68 crore in the corresponding period a year ago.
Its income from operations dipped 47.22 per cent for the quarter under review at Rs 1,810.75 crore, compared with Rs 3,431.14 crore in the year-ago period.
Alok Industries owes over Rs 18,000 crore to a consortium of 32 lenders, led by the State Bank of India.
In January, the company had informed the stock exchanges that the lenders had invoked SDR in the company, with the reference date being November 27, 2015.
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 →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
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
SAVE 25%