Alok Indst Q2 net up over 2% at Rs 81.71 cr

The company had posted a net profit of Rs 79.80 cr for the same period last financial year.

Textile company Alok Industries today said its net profit rose by 2.39 per cent to Rs 81.71 crore for the second quarter ended September 30.

The company had posted a net profit of Rs 79.80 crore for the same period last financial year,Alok Industries said in a filing to the BSE.

Its net sales stood at Rs 2,136.79 crore for the second quarter as against Rs 1,451.50 crore in the year-ago period.

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“Our exports continue to grow at a healthy pace and our domestic growth,too,is heartening. Our consolidation measures are gathering momentum with a key focus on improving price and product mix,while optimising efficiencies and cost structures,” Alok Industries Managing Director Dilip Jiwrajka said.

Shares of Alok Industries today closed at Rs 20.60 on the BSE,down 2.37 per cent from its previous close.

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