Alok Industries Sees Major Block Trade Amid Financial Challenges
A significant block trade of 12,126,303 shares of Alok Industries Ltd. was executed on the NSE at Rs. 19.67 per share, totaling Rs. 238.52 crore. This occurs as the company faces ongoing financial challenges, reporting a Q4 FY2025 standalone net loss of Rs. 67.75 crore and consolidated net loss of Rs. 74.47 crore. The company is dealing with operational issues, including tornado damage to its Silvassa plants, and has engaged in asset sales to mitigate financial pressures. Despite accumulated losses of Rs. 22,868.40 crore, management maintains a going concern basis citing improving market conditions. Recent management changes include new appointments for CFO and Company Secretary positions.
Alok Industries, a leading textile manufacturer, released its Q4 FY25 financial results showing improved performance. The company reported revenue of ₹912.91 crore, up from ₹822.17 crore in Q3 FY25. Net loss narrowed to ₹67.75 crore, significantly lower than ₹242.95 crore in Q3 FY25 and ₹206.88 crore in Q4 FY24. EBITDA remained positive at ₹157.98 crore. For FY25, total revenue was ₹3,556.59 crore with a net loss of ₹768.81 crore. The company reported exceptional gains from property sales and insurance claims. Management noted improving market conditions and remains focused on operational efficiency to further reduce losses.