Business Standard

Wednesday, January 29, 2025 | 09:14 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Alok Inds slides as net loss widens to Rs 273 cr in Q3

Image

Alok Industries declined 1.92% to Rs 20.47 after the company's consolidated net loss widened to Rs 272.99 crore in Q3 FY25 as against a net loss of Rs 229.92 crore reported in Q3 FY24.

Revenue from operations fell 31.05% year on year (YoY) to Rs 863.86 crore in the quarter ended 31 December 2024.

The company reported a pre-tax loss of Rs 268.11 crore in the third quarter of FY25 compared with a pre-tax loss of Rs 228.74 crore posted in the same period a year ago.

Total expenses reduced by 23.15% YoY to Rs 1,138.52 crore in Q3 FY25. Cost of materials consumed was at Rs 457.77 crore (down 43.81% YoY) while employee benefit expense stood at Rs 133.80 crore (up 28.74% YoY) during the quarter.

 

Alok Industries is an integrated textile manufacturer with operations in both cotton & polyester value chain. The company is primarily engaged in the business of textile manufacturing, including mending and packing activities. It has global retailers, brands, reputed garment manufacturer and traders.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 16 2025 | 2:30 PM IST

Explore News