Integrated textiles company Alok Industries today reported 77.73 per cent growth in net profit after tax (PAT) for the last quarter ending March 31,at Rs 283.50 crore as against last year.
The PAT during 2010-11 stood at Rs 159.59 crore,the company said in a release issued here.
The company’s net sales saw a growth of 18.19 per cent at Rs 2,595.38 crore for the period under review,compared to Rs 2,195.87 crore in the corresponding period of the last fiscal.
Export sales for the quarter also registered a growth of 40.26 per cent at Rs 814.90 crore as against Rs 580.98 crore in the same period of the last fiscal.
The operating EBIDTA for the quarter was at Rs 737.44 crore against Rs 575.90 crore in the corresponding quarter of last fiscal,registering a growth of 28.05 per cent.
“We are encouraged by the steady growth in sales and operating EBITDA. We will continue to take specific measures to position our company for long term sustainability. The strategy is to optimise existing capacities,improve asset turnover by widening product portfolio,including technical textiles by selectively expanding capacities,” Alok Industries Managing Director Dilip B Jiwrajka said.
Meanwhile,the PAT (after exceptional items) for the 12 months ended 31 March,stood at Rs 380.53 crore.
Net Sales for FY12 was at Rs 8,900.86 crore,an increase of 39.33 per cent compared to Rs 6,388.44 crore in the corresponding period of the last fiscal.
Export sales was at Rs 3,029.56 crore compared to Rs 2,217.25 crore in the same period of the last fiscal,a growth of 36.64 per cent.
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