Alok Industries has reported results for first quarter ended June 30, 2016.
The company has reported a net loss of Rs 1212.04 crore for the quarter ended June 30, 2016 as compared to a net loss of Rs 349.68 crore for the same quarter in the previous year. The company’s total income decreased by 47.30% to Rs 1857.34 crore for the quarter under review from Rs 3524.18 crore for the corresponding quarter of the 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.
