alok industries ltd (ALOK) Snapshot

Alok Industries Ltd. plans to open a spinning unit in the US. The company, will bring in new equipment for the plant, which will supplement rather than replace production in India.

Alok Industries Ltd. reported unaudited standalone earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net sales/income from operations of INR 39,135.7 million against INR 25,953.8 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items were INR 7,422.8 million against profit from operations before other income, finance costs and exceptional items of INR 5,552.7 million for the same period a year ago. Profit from ordinary activities before tax was INR 3,806.2 million against profit from ordinary activities before tax of INR 4,568.1 million for the same period a year ago. Net profit was INR 2,307.8 million or INR 2.77 per diluted share against net profit of INR 2,835.0 million or INR 3.48 per basic and diluted share for the same period a year ago. For the year, the company reported net sales/income from operations of INR 131,819.0 million against INR 89,008.6 million for the same period a year ago. Profit from operations before other income, finance costs and exceptional items were INR 26,710.9 million against profit from operations before other income, finance costs and exceptional items of INR 18,457.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 12,077.4 million against profit from ordinary activities before tax of INR 6,405.0 million for the same period a year ago. Net profit was INR 7,902.7 million or INR 9.55 per diluted share against net profit of INR 3,805.3 million or INR 4.69 per basic and diluted share for the same period a year ago.

Alok Industries Ltd. announced that they will report fiscal year 2013 results on May 29, 2013