Alok Industries posts Q4 net loss of Rs 76.38 cr
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The company reported standalone net loss during the quarter stood at Rs 76.38 crore compared to net profit of Rs 1632.76 crore in the previous year quarter. Net revenue of the company rose triple digit by 102.85 per cent at Rs 1,446.41 crore in January-March quarter of this fiscal as against Rs 713.04 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 44.61 per cent to Rs 1,411.38 crore from Rs 976.02 crore in year ago period. Other Income dipped by 46.39 per cent at Rs 8.68 crore versus (Mar'20 Rs 16.19 crore).
Operating Profit surged by 113.32 per cent to Rs 35.03 crore as against Rs -262.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 106.56 per cent in March quarter. Interest grew by 106.25 per cent y-o-y to Rs 115.52 crore, while Taxation increased by 5626.03 per cent at Rs -41.80 crore (Mar'20 Rs -0.73 crore).
