Alok Industries Q1FY24 Results: Consolidated Loss of Rs. 226.14 Cr

Alok Industries Q1FY24 Results Consolidated Loss of Rs. 226.14 Cr

Alok Industries Q1 results show revenue fell from 1569.72 crores to 1415.66 crores, a -9.81% decrease in growth. EPS down from ₹-0.60 to ₹-0.46, down by 23.33%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Alok Industries shared its Q1 results on Wednesday. They earned 1415.66 crores in revenue this quarter, but that’s less than the 1569.72 crores they made last quarter. Unfortunately, the company’s growth decreased by -9.81 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 226.14 crores, down from -297.55 crores in the previous quarter. Their quarter-to-quarter growth decreased by 24.00 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹-0.46, which is a decrease of 23.33% from the ₹-0.60 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1415.66 crores this year (2023), which is -28.93 percent lower than last year’s total revenue of 1992.02 crores.

This year’s PAT (Profit After Tax) is 226.14 crores, which is also 59.73% lower than last year’s PAT of -141.58 crores.

The EPS (Earnings Per Share) for this year is ₹-0.46, which is 58.62% less than the EPS of ₹-0.29 earned last year.

Also Read: Can Fin Homes Q1FY24 Results: Consolidated PAT of Rs. 183.45 Cr

Alok Industries Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Alok Industries:

Alok Industries Ltd is an Indian textile manufacturing company located in Mumbai, India. The company is involved in both cotton and polyester value chains, with ISO 9001:2000 certification. Alok Industries has established significant production capacities on a global scale and has successfully expanded its market presence to various territories worldwide.

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