Alok Industries net profit down 18.6 %

Alok Industries, an integrated textile company saw it's net profit decline by 18.6% to Rs 230.78 crore in Q4 compared to Rs 283.5 crore in the same period last year.

In FY 13, the company has posted net profit of Rs 790.27 crore compared to Rs 380.53 crore in FY12.

Total expenses of the company have gone up to Rs 3,171.29 crore in the quarter ended March 31 compared to Rs 2,040.11 crore in the same period last year.

Net sales for Q4 of FY13 was Rs 3,913.57 crore, up by 51%, for the last fiscal net sales stood at Rs 13,181.90 compared to Rs 8,900.86 crore in FY2.