Alok Industries slips after reporting Q1 net loss of Rs 138 crore
Mumbai, July 17 -- Revenue from operations increased 6.50% year-on-year (YoY) to Rs 993.11 crore during the quarter.
Total expenses rose 1.49% YoY to Rs 1,153.45 crore. The cost of materials consumed increased 17.91% YoY to Rs 538.86 crore, while employee benefits expense declined 10.15% YoY to Rs 113.57 crore.
The company reported a pre-tax loss of Rs 138.25 crore in Q1 FY27, compared with a pre-tax loss of Rs 171.56 crore in Q1 FY26.
On a standalone basis, net loss narrowed to Rs 136.20 crore in Q1 FY27 from Rs 176.48 crore in the year-ago quarter. Standalone revenue from operations rose 5.81% YoY to Rs 935.94 crore in Q1 FY27.
Alok Industries is an integrated textile manufacturer with operations in both the cotton & polyester value...
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