A 34% rise in the topline has led to a 67% growth in the bottomline. While operating margins have improved slightly, the company has provided for lower tax in the third quarter. Alok plans to enter the infotech sector by taking a stake in a US company apart from setting up another joint venture with a 60% stake.
(Rs m) | 3QFY2000 | 3QFY1999 | Change |
Sales | 999.5 | 746.3 | 33.9% |
Other Income | 0.1 | - | |
Total Expenditure | 825.8 | 629.8 | 31.1% |
Interest | 83.6 | 56.4 | 48.2% |
Depreciation | 21.1 | 15.3 | 37.9% |
Profit before Tax | 69.1 | 44.8 | 54.2% |
Tax | 2.5 | 5.0 | -50.0% |
Profit after Tax/(Loss) | 66.6 | 39.8 | 67.3% |
Net profit margin (%) | 6.7% | 5.3% |
For the quarter ended March 2019, ALOK INDUSTRIES has posted a net profit of Rs 61 bn (up 561.0% YoY). Sales on the other hand came in at Rs 8 bn (down 8.5% YoY). Read on for a complete analysis of ALOK INDUSTRIES's quarterly results.
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