Integrated textiles company Alok Industries today reported 77.73% growth in net profit after tax to Rs 283.50 crore for the quarter ending March 31.
Profit After Tax (PAT) during 2010-11 stood at Rs 159.59 crore, the company said in a release issued here.
The company's net sales grew 18.19% to Rs 2,595.38 crore for the period under review over Rs 2,195.87 crore in the same period of the last fiscal.
Export sales for the quarter also registered a growth of 40.26% to Rs 814.90 crore against Rs 580.98 crore in the same period last fiscal.
The operating EBIDTA for the quarter stood at Rs 737.44 crore against Rs 575.90 crore, up 28.05%.
"We are encouraged by the steady growth in sales and operating EBITDA. We will continue to take specific measures to position our company for long term sustainability.
"The strategy is to optimise existing capacities, improve asset turnover by widening product portfolio, including technical textiles by selectively expanding capacities," Alok Industries Managing Director Dilip B Jiwrajka said.
Meanwhile, the PAT (after exceptional items) for the 12 months ended 31 March, stood at Rs 380.53 crore.
The net Sales for fiscal 2011-12 stood at Rs 8,900.86 crore, up 39.33% from Rs 6,388.44 crore in the last fiscal.
Export sales stood at Rs 3,029.56 crore compared to Rs 2,217.25 crore, a growth of 36.64%.
