Alok Industries’ Q3 net tumbles 74%

Alok Industries has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 73.69% in its net profit at Rs 25.86 crore for the quarter under review as compared to Rs 98.29 crore for the same quarter in the previous year. The total income of the company decreased 3.49% at Rs 3623.22 crore for Q3FY15 as compared Rs 3754.41 crore for the corresponding quarter previous year.

Alok Industries evolved from a small trading business into India’s largest integrated textiles player. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.