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.
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% |
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