Alok Industries Ltd's Q3FY25 Quarter Results
- 2d ago
Result Summary
- Alok Industries Ltd reported a 3.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 30.5%.
- Its expenses for the quarter were down by 1.9% QoQ and 23.2% YoY.
- The net profit increased 4.2% QoQ and increased 18.7% YoY.
- The earnings per share (EPS) of Alok Industries Ltd declined at 0.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 870.63 | 898.78 | 1253.05 | -3.1% | -30.5% |
Total Expenses | 1138.52 | 1160.63 | 1481.56 | -1.9% | -23.2% |
Profit Before Tax | -267.89 | -261.85 | -228.51 | 2.3% | 17.2% |
Tax | 4.88 | 0.00 | 1.18 | - | 313.6% |
Profit After Tax | -272.99 | -262.10 | -229.92 | 4.2% | 18.7% |
Earnings Per Share | -0.60 | -0.50 | -0.50 | 20.0% | 20.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Alok Industries Ltd is a prominent Indian company primarily engaged in the textile industry. The company is known for its extensive range of products, including apparel fabrics, home textiles, garments, polyester yarn, and more. Alok Industries has a longstanding presence in the textile manufacturing sector and operates with a vertically integrated business model that spans from yarn production to finished garments and textiles. In recent times, the company has been working on restructuring efforts to improve its financial stability and operational efficiency. However, specific recent developments or initiatives beyond the restructuring efforts are not available from the data provided.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Alok Industries Ltd reported a total income of ₹870.63 crores. This figure marks a decrease of 3.1% compared to the previous quarter (Q2FY25), where the total income was ₹898.78 crores. Furthermore, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income shows a significant decline of 30.5% from ₹1253.05 crores. This trend highlights a downward trajectory in the company's revenue generation over both the quarter-on-quarter and year-over-year periods.
Profitability
The financial performance of Alok Industries Ltd in terms of profitability shows that the company registered a loss before tax of ₹267.89 crores in Q3FY25. This represents a slight increase in losses from the previous quarter's loss before tax of ₹261.85 crores. When compared to the same quarter in the prior year, the loss before tax has increased from ₹228.51 crores, indicating a year-over-year increase of 17.2%. The tax expense for Q3FY25 was ₹4.88 crores, compared to no tax expense in Q2FY25 and ₹1.18 crores in Q3FY24. The profit after tax for Q3FY25 was a loss of ₹272.99 crores, worsening from a loss of ₹262.10 crores in Q2FY25 and a loss of ₹229.92 crores in Q3FY24. The earnings per share (EPS) for the quarter stood at -₹0.60, reflecting a 20.0% decline from the EPS of -₹0.50 in both the previous quarter and the same quarter last year.
Operating Metrics
Analyzing the operating metrics, the total expenses for Alok Industries Ltd in Q3FY25 amounted to ₹1138.52 crores. This represents a decrease of 1.9% compared to ₹1160.63 crores recorded in Q2FY25. On a year-over-year basis, expenses decreased by 23.2% from ₹1481.56 crores in Q3FY24. The reduction in expenses has not translated into improved profitability, as evidenced by the increasing losses. The company's financial performance in terms of income and expenses reflects the challenges it faces in aligning its revenue generation with its operating cost structure. These metrics provide insight into the company's ongoing efforts to manage costs amidst fluctuating revenue streams.
