Alok Industries has reported results for second quarter ended September 30, 2016.
The company has reported a net loss of Rs 527.71 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 262.60 crore for the same quarter in the previous year. The company’s total income decreased by 38.95% to Rs 2020.19 crore for the quarter under review from Rs 3309.16 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.
