Alok Industries has reported a 77.64 per cent fall in its net profit at Rs 9.72 crores for the quarter ended June 30, 2015, as compared to Rs 43.48 crores for the same quarter in the previous year. The company’s total income decreased by 8.33 per cent to Rs 3,446.62 crores for the quarter under review from Rs 3,759.96 crores for the corresponding quarter of the previous year.
Alok Industries evolved from a small trading business into India’s largest integrated textile player. It has a dominant presence in the cotton and polyester segments. It is present across various verticals of the textile value chain - from yarn manufacturing to garmenting.
Over the years, it has expanded into weaving, knitting, processing and home textiles. To ensure quality and cost efficiency it has integrated backward into cotton spinning and manufacturing partially oriented yarn through the continuous polymerisation route. It also provides embroidered products.
The company was established in 1986. The first polyester texturising plant was set up in 1989. The company sells directly to manufacturers, exporters, importers, retailers and to some of the world’s top brands.
A significant portion of Alok’s products is cotton based-manufactured from both organic cotton and regular cotton. There are blended and polyester yarn offerings as well.