The Q2, FY25 consolidated net loss of textile manufacturer Alok Industries widened to Rs 262.10 crore as against a net loss of Rs 174.83 crore posted by the company in the July-Sep ‘23 period.
Jointly owned by Reliance Industries and JM Financial Asset Reconstruction, Alok Industries registered a 35.46 per cent decline in revenues to Rs 885.66 crore during the quarter from revenues of Rs 1,372.34 crore in the corresponding quarter a year ago.
The company’s expenses declined by 25.45 per cent to Rs 1,160.63 while its total income, including other income contracted 34.97 per cent to Rs 898.78 crore in the September quarter.
Operational in in-home textiles, cotton yarn, apparel fabrics, garments and polyester yarn markets, Alok Industries is partly owned by Reliance Industries with a 40.01 per cent stake and JM Financial Asset Reconstruction Company with a 34.99 per cent stake.
