Textile conglomerate Alok Industries posted a net loss of Rs 242.2 crores for the quarter ended September 30, 2015, whereas the net profit was Rs 45.36 crores for the quarter ended September 30, 2014. Total income for the quarter ended September 30, 2015, stood at Rs 3235.53 crores whereas the same was of Rs 3790.48 crores for the quarter ended September 30, 2014.

Short term borrowings were up 12.7 per cent to Rs 6810 crores during the quarter ending September 30, 2015, over borrowings of Rs 6044 crores in the quarter ending March 31, 2015. However, long term borrowings fell 19 per cent to Rs 5832.7 crores from Rs 7223.5 crores during the same period.

Alok has a dominant presence in the cotton and polyester segments. It was established in 1986. The first polyester texturising plant was set up in 1989. Over the years, it has expanded into weaving, knitting, processing, home textiles and garments. It has integrated backward into cotton spinning and manufacturing partially oriented yarn through the continuous polymerisation route.

It has evolved into a diversified manufacturer of world class home textiles, garments, apparel fabrics and polyester yarns, selling directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands.

www.alokind.com/