Latest news with #AlokIndustries
Business Standard
5 days ago
- Business
- Business Standard
Alok Inds net loss narrows to Rs 172 crore in Q1 FY26
Alok Industries's standalone net loss narrowed to Rs 171.56 crore in Q1 FY26, compared with Rs 206.87 crore reported in Q1 FY25. Revenue from operations fell 7.33% year on year (YoY) to Rs 932.49 crore in the quarter ended 30 June 2025. The company reported a pre-tax loss of Rs 171.56 crore in the first quarter of FY26 compared with a pre-tax loss of Rs 206.87 crore posted in the same period a year ago. Total expenses reduced by 6.77% YoY to Rs 1,136.42 crore in Q1 FY26. The cost of materials consumed was Rs 470.50 crore (down 6.06% YoY), while employee benefit expense stood at Rs 126.41 crore (up 8.09% YoY) during the quarter. On a standalone basis, the company's net loss reduced to Rs 176.48 crore in Q1 FY26 from a net loss of Rs 197.51 crore posted in Q1 FY25. Revenue from operations fell 8.68% year on year (YoY) to Rs 884.52 crore in the quarter ended 30 June 2025. Alok Industries is an integrated textile manufacturer with operations in both the cotton & polyester value chains. The company is primarily engaged in the business of textile manufacturing, including mending and packing activities. It has global retailers, brands, reputed garment manufacturers, and traders. Shares of Alok Industries tanked 4.86% to Rs 20.95 on the BSE.
Business Standard
5 days ago
- Business
- Business Standard
Alok Industries reports consolidated net loss of Rs 171.56 crore in the June 2025 quarter
Sales decline 7.33% to Rs 932.49 crore Net Loss of Alok Industries reported to Rs 171.56 crore in the quarter ended June 2025 as against net loss of Rs 206.87 crore during the previous quarter ended June 2024. Sales declined 7.33% to Rs 932.49 crore in the quarter ended June 2025 as against Rs 1006.30 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 932.491006.30 -7 OPM % 2.142.04 - PBDT -128.95-129.77 1 PBT -197.16-206.87 5 NP -171.56-206.87 17
India.com
14-07-2025
- Business
- India.com
Bad news for Mukesh Ambani, this company share falls down to Rs 20, experts say…
Mukesh Ambani's makes big move, set to change very TV into..., move may effect... Mukesh Ambani's Reliance Industries backed Alok Industries stock fell over 3% last Friday, closing at Rs 20.68. Earlier in the week, on Tuesday, the stock had surged nearly 18%. Despite short-term movements, the stock has declined about 3% year-to-date and is down nearly 24% over the past year. Alok Industries Shares Decline Its 52-week high is Rs 29.77, and the 52-week low is Rs 13.90. The company currently has a market capitalization of Rs 10,332.67 crore. As of March 2025, Reliance Industries Ltd (RIL) holds a 40.01% stake in Alok Industries, while JM Financial Asset Reconstruction Company owns 34.99%. What Analysts Say? After the U.S. administration led by former President Donald Trump imposed a 35% tariff on Bangladesh, stocks in the textile sector were impacted. According to analysts Alok Industries is also impacted by this move. This move is expected to benefit the domestic apparel and textile industry. However profit booking at current levels has increased. According to LiveHindustan report, Religare Broking, also advises investors to consider exiting the stock near Rs 25, after the recent price rally. Alok Industries Share Price Performance Currently, the stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMA). According to Trendlyne data, Alok Industries has a 1-year beta of 1.2, indicating high volatility. What Is Mukesh Ambani Reliance & Alok Industries Connection? Mukesh Ambani's Reliance Industries Ltd (RIL) has an ownership stake in Alok Industries Limited. RIL's association with Alok Industries began in 2020 along with JM Financial Asset Reconstruction Company, acquired the company through an insolvency and bankruptcy auction process. RIL and JM Financial Asset Reconstruction Company jointly acquired Alok Industries, which was facing financial distress and had been listed under the Insolvency and Bankruptcy Code. (Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
Mint
10-07-2025
- Business
- Mint
Mukesh Ambani's Reliance-owned Alok Industries to declare Q1 results 2025 on THIS date
Mukesh Ambani's Reliance-owned Alok Industries announced on Thursday that the company will be declaring its financial results for the quarter ending on June 30, 2025 on Thursday, July 17. Alok Industries share price fell over 2.87 per cent in Thursday's trading session to ₹ 21.35 apiece on NSE. The stock has ascended over 3 per cent in a month and 9.90 per cent in six months In 2020, Reliance Industries, in partnership with JM Financial Asset Reconstruction, acquired Alok Industries via an auction under the insolvency and bankruptcy code, organized by lenders aiming to recover dues. By the end of the March quarter, RIL owned 40 per cent of the company, while JM Financial ARC held a 34.99 per cent stake. In an exchange filing, the company said that the board of directors will meet on Thursday, July 17 to consider and approve June quarter results for FY26. ' We wish to inform you that pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 17, 2025 inter-alia, to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter ended June 30, 2025,' the company said in the filing. Founded in 1986 and based in Mumbai, Alok Industries is a fully integrated textile manufacturer with a significant footprint in both cotton and polyester segments. In the cotton segment, the company's operations span the entire value chain—from spinning and weaving to processing, producing finished fabrics, bedsheets, towels, and garments. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
09-07-2025
- Business
- India.com
After Trump's announcement, Mukesh Ambani's company shares soared 17% due to…, the company is…
Shares of Mukesh Ambani ' s business , Alok Industries, jumped more than 17% on Tuesday. The stock price reached an intraday high of ₹23.50, up from the previous close of ₹20.07. This gain adds to a 17.67% rise in the last month. The stock was very active on the BSE , with significant trading volume and large price changes . Before Tuesday , about 16.7 million shares traded, far above the two-week average daily trading volume of 1.76 million shares. The total turnover on the counter was ₹375.9 crore giving the company a market capitalisation of ₹11,410.12 crore. Kranti Bathini, Director of Equity Strategy – Wealthmills Securities said that while textile stocks including Alok Industries will be in focus today as the U.S. administration under President Donal Trump , imposed a tariff of 35% on Bangladesh, it will provide an opportunity for the domestic players in the app4elt and textile industry . Also , as of March 2025 Reliance Industries Limited (RIL) owns 40.01% stake in Alok Industries and JM Financial Asset Reconstruction Company owns 34.99%. While the advisors for stock – played ; Kranti Bathini told investors to take profits in the Reliance Industries Limited- backed stock at current levels. Technically , an support at ₹21.75 while immediate resistance was at ₹23.80 + . Ravi Singh, Senior Vice President , Retail Research at Religare Broking, in light of today ' s sharp rally, told investors to think about exiting the stock at ₹25. As per SEBI-registered independent analyst A.R. Ramachandran, 'Alok Industries is in an uptrend but the daily chart is showing overbought condition with next resistance of ₹23.80. Investors should profit bank , as if the stock closes below daily support of ₹21.75, it could drop to new target of ₹18.50 in near term .' The counter has traded above the simple moving averages (SMA) for 5,10,20,30,50,100,150, and 200 days. The stock has a price-to-earnings (P/E) ratio of 14.75 and price-to-book (P/B) value of -0.61. The earnings per share (EPS) stands at 4.13 with return on equity (ROE) of -1.55.
