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Alok Industries Ltd Q2FY24; 20% fall in Revenue

Alok Industries is a textile company with a presence in the cotton and polyester segments. The Company is engaged in manufacturing of textile, including mending and packing activities; leather and other apparel products.

Financial Results:

Alok Industries Ltd reported Revenues for Q2FY24 of ₹1,359.00 Crores down from ₹1,699.00 Crore year on year, a fall of 20.01%.

Total Expenses for Q2FY24 of ₹1,544.00 Crores down from ₹1,921.00 Crores year on year, a fall of 19.63%.

Consolidated Net Profit of -₹175.00 Crores from -₹192.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.35, from -₹0.39 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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