Alok Industries reported net sales up 49% at Rs 1,612 crore for quarter ending December 2010 compared to Rs 1082 crore for the same period corresponding year. Its net profit jumped by 56% at Rs 90.5 crore versus Rs 58.1 crore year-on-year.
In an interview with CNBC-TV18, Dilip Jiwrajka, MD, Alok Industries, spoke about the results and his outlook for the company. Below is a verbatim transcript of the interview. Also watch the video. Q: Can you tell us about your numbers? The Q3 numbers look quite smart. The net profits close to Rs 91 crores, up by almost 60% or so on a yoy basis and net sales as well up about 50% odd. Can you take us through how the quarter has looked? A: The quarter has done very well and we hope that we continue this growth in the future quarters also. The numbers of PAT numbers, Rs 90.52 crores, compared to Rs 58 crores in the same quarter last year and also the EBITDA, it is Rs 468 against Rs 324, which also is holding on. More so, the exports have grown at 71% compared to the overall sales growth of 49%, which itself is very encouraging. Q: The consumption of raw materials has not gone up muchDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
