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Our Bureau

Mumbai, July 29

Textile manufacturer Alok Industries Ltd has reported a 31 per cent rise in its first quarter net profit at Rs 26.92 crore compared to Rs 20.55 crore in the corresponding period last year.

Net sales stood at Rs 357.86 crore, up by 19.62 per cent compared to Rs 299.17 crore during the same quarter previous year.

Exports sales grew by 12.32 per cent from Rs 90.12 crore to Rs 101.22 crore. Operating profit margins increased from 20.41 per cent to 22.41 per cent. Basic EPS rose from Rs 1.35 to Rs 1.59.

"With the stabilisation of the increased capacities backed by a sound order book position, we are optimistic of the company's performance for the year. The company is now focusing on manufacture of value-added products and also looking for tie-ups towards furthering its marketing strategies," said the company in a press release quoting its Managing Director, Mr Dilip Jiwrajka.

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