Q3 results: Alok Industries posts ₹215.50-crore loss
₹215.50 crore. It had posted a loss of ₹241.43 crore in the same period last fiscal year (FY2023). Its revenue from operations in the third quarter of FY24 stood at ₹1,217.20 crore, as compared to ₹1,664.99 crore in Q3 of FY23.
Total income of Alok Industries Ltd for the December quarter of FY24 was reported at ₹1,217.54 crore, as compared to ₹1,667.83 crore a year ago, said the company. Its total expenses stood at ₹1,433.04 crore in Q3 of the current fiscal year, as compared to ₹1,909.26 crore last fiscal year. For the nine months ended December 31, 2023, the textile company reported revenue from operations at ₹3,920.92 crore and a loss of ₹606.83 crore.
Shares of Alok Industries closed at ₹32.80, up 0.92% on the NSE on Wednesday. Earlier this month, Alok Industries informed the stock exchanges that Reliance Industries Ltd (RIL) had invested ₹3,300 crore in the company through non-convertible redeemable preference shares. “Further to our disclosure dated November 07, 2023, we wish to inform you that upon receipt of subscription money of Rs.
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