Alok Industries posts Q1 net loss of Rs 142.45 cr
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The company reported standalone net loss during the quarter stood at Rs 142.45 crore as compared to net loss of Rs 92.44 crore in the previous year quarter. Net revenue of the company rose substantially by 56.64 per cent at Rs 1,915.76 crore in April-June quarter of this fiscal as against Rs 1,223.07 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 66.66 per cent to Rs 1,874.66 crore from Rs 1,124.86 crore in year ago period. Other Income grew by 269.74 per cent at Rs 19.67 crore versus (Jun'21 Rs 5.32 crore). Operating Profit slipped by 58.15 per cent to Rs 41.10 crore as against Rs 98.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 73.23 per cent in June quarter. Interest grew by 0.47 per cent y-o-y to Rs 114.01 crore
