For the Quarter:
- Net Sales up by 48.97% at Rs. 1612.58 crore;
- Operating EBIDTA increased by 44.33% at Rs. 468.17 crore
- Operating PAT up by 55.81% at Rs. 90.52 crore
For Nine Months ended:
- Net sales for the nine months was at Rs. 4163.05 crore, up by 46.40 %
- Operating EBIDTA was at Rs. 1211.99 crore , reflecting 45.76% growth
- Operating PAT at Rs. 216.83 crore, registering a growth of 47.39%
Alok Industries Limited, one of the leading integrated textile companies in India, today reported a net sales of Rs. 1612.58 crore for the quarter ended 31st December 2010, as compared to Rs. 1082.46 crore in the corresponding period of the last fiscal, registered a growth of 48.97%. Export sales for the quarter ended 31st December 2010 stood at Rs. 595.07crore, as against Rs. 369.26 crore in the same period of the last fiscal, registering a growth of 61.15%.
During the quarter the company has also registered Net Profit of Rs. 90.52 crore, grown by 55.81%, as compared to Rs. 58.09 crore posted in the same quarter of last fiscal year.
The EBIDTA for the quarter was at Rs. 468.17 crores as against Rs. 324.38 crores in the corresponding quarter of last fiscal year, registered a growth of 44.33%.
Update on 9MFY11
Net sales for the nine months ended December 31, 2010 was at Rs 4163.05 crore, registering a growth of 46.40%, as compared to Rs. 2843.54 crore in the corresponding period of last fiscal year. Net profit for 9MFY11 was at Rs. 216.83 crore, as compared to Rs. 147.11 crore in 9MFY10, registering a growth of 47.39 %. Export sales for the nine months ended 31st December 2010 stood at Rs.1636.45 crore as compared to Rs. 953.89 crore in the corresponding period of the last fiscal, a growth of 71.74 %.
EPS for 3MFY11 stood at Rs. 1.15 and for 9MFY11 at Rs. 2.84.
Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited, said, “We are quite satisfied with the third quarter performance. The growth has been due to both volume and value growth. Despite increase in raw material prices, we have been able to maintain our margins due to good order flow. Our product portfolio, which spans across the cotton and polyester segments, de-risks the business while offering high value addition. Our marketing strategy, technology and size of operations are centred around providing for a fulfilling experience to our customers. Going forward, we will be selective in our expansion plans and confident of maintaining sustainable and profitable growth.”
About Alok Industries Limited:
(BSE Code: 521070) (NSE Code: ALOKTEXT) (Reuters Code: ALOK.BO) (Bloomberg Code: ALOK@IN)
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, Alok has capacities of 82.50 mn meters of sheeting fabric and 6700 tons of terry towels for its home textiles business, 105.00 mn meters of apparel width woven fabrics, 18200 tons per annum of knitted fabrics and 22 million pieces per annum of garments.
With the commencement of spinning of cotton yarn (58500 tons per annum), Alok has achieved complete integration. The company also has a strong presence in the polyester segment with a capacity of 1,14,000 tons per annum of polyester textured yarn supplemented by 2,00,000 tons per annum of POY. The company has a blue chip international customer base comprising of world renowned retailers, importers and brands.
