OTHER GROUP COMPANIES
market

Alok Industries Q4 net loss narrows due to exceptional losses in Q4-FY21

Alok Industries Ltd reported 37.09% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs2,010.88cr

April 15, 2022 7:56 IST | India Infoline News Service
Alok Industries
Alok Industries Ltd reported 37.09% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs2,010.88cr. On a sequential basis, the revenues were lower for the quarter by -5.57%.

Alok Industries is the holding company that went through insolvency restructuring post which it was taken over by a consortium of Reliance Industries and JM.

On  yoy basis, the full year sales revenues for FY22 were 90% higher at Rs7,310cr. On a consolidated basis, the cash from operations almost halved to Rs184cr in Q4.

The consolidated net loss for the Mar-22 quarter was narrowed sharply from Rs-500cr in the year ago quarter to a net loss of just Rs-26.76cr in the current fourth quarter.

This gap was largely on account of an exceptional loss on account of restructuring that Alok Industries had to take in the year ago quarter of Rs650cr which resulted in the huge loss.

For the full year FY22, the net loss of Alok Industries narrowed sharply from Rs-5,673cr to Rs-208.60cr. The margins may not be comparable due to net losses and due to exceptional items.


Financial highlights for Mar-22 compared yoy and sequentially


Alok Industries
Rs in Crore Mar-22 Mar-21 YOY Dec-21 QOQ
Total Income (Rs cr) ₹ 2,010.88 ₹ 1,466.82 37.09% ₹ 2,129.60 -5.57%
Net Profit (Rs cr) ₹ -26.76 ₹ -500.11 -94.65% ₹ -0.09 29633.33%
Diluted EPS (Rs) ₹ -0.05 ₹ -1.01 ₹ -0.00
Net Margins -1.33% -34.09% 0.00%
 

OPEN A DEMAT ACCOUNT & Get
FREE Benefits Worth 5,000

FEATURED ARTICLE

BLOGS

Open Demat Account

  • 0

    Per Order for ETF & Mutual Funds Brokerage

  • 20

    Per Order for Delivery, Intraday, F&O, Currency & Commodity