Earnings | Alok Industries Ltd (NSE:ALOKINDS): Q3FY23 Results Out; Total Income fell 20% YoY

Alok Industries Ltd (NSE:ALOKINDS) is a textile manufacturing company based in India. The company produces and exports a wide range of textile products, including yarn, fabric, home textiles, and garments.

The company reported a total income of Rs. 1709.8 crore during the period ended December 31, 2022, which decreased from the total income of Rs. 1729.05 crore during the period ended September 30, 2022. The company posted a net loss of Rs. -249.8 crore for the period ended December 31, 2022, which increased from the net loss of Rs. -191.50 crore for the period ended September 30, 2022. The company reported negative EPS of Rs. -0.50 for the period ended December 31, 2022, as compared to the negative EPS of Rs. -0.39 for the period ended September 30, 2022.

In the 9 Months period ended December 31, 2022, the company reported a total income of Rs. 5430.9 crore, which increased from the total income of Rs. 5322.9 crore during the 9 Months period ended December 31, 2021. However, the company posted a higher net loss of Rs. -582.9 crore for the 9 Months period ended December 31, 2022, as compared to the net loss of Rs. -181.84 crore for the 9 Months period ended December 31, 2021. The company reported negative EPS of Rs. -1.17 for the 9 Months period ended December 31, 2022, as compared to the negative EPS of Rs. -0.37 for the 9 Months period ended December 31, 2021.

Alok Industries Ltd. has experienced a decline in total income and net profit/loss during the period ended December 31, 2022, compared to the previous quarter and the same period in the previous year. The EPS has also decreased during this period. However, the company’s total income during the 9-month period ended December 31, 2022, has increased compared to the same period in the previous year, but the net loss during this period has significantly increased, leading to a negative EPS.