alok result 30 sept 2011

8/2/2019 Alok Result 30 Sept 2011

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P E R F O R M A N C E R E P O R T

First Quarter Ended

30 June 2011

Celebrating 25 years 1986-2011


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END

TO

END

SOLU

TIONS

ACR

OSS

THEVA

LUECH

AIN

To be the world's best integrated textile solutions enterprisewith leadership position across products and markets,

ex ceedin g customer & sta keholder ex pecta tion s .

The barometer of our success would be reflected by our ROCE

WE WILL:

Maximize people development initiativesOptimize use of all resources

Become a process driven organization

Exceed compliance and global quality standards

Actively explore potential market & products

Offer innovative, customized and value added servicesto our customers

Be a knowledge leader & an innovator in our businesses

Be an ethical, transparent and responsible globalorganization

Alok Mission

Alok Vision

Celebrating 25 Years 1986-2011


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1TMIntegrated Textile Solutions

PERFORMANCE HIGHLIGHTS

BUSINESS HIGHLIGHTS: FOR THE QUARTER ENDED 30 JUNE 2011

Sales at Rs. 1,644.89 crore

An increase of 49.68% over quarter ended 30 June 2010 (Rs. 1,098.97 crore)

Exports at Rs. 602.19 crore

Compared to Rs. 435.85 crore during Q1 2010-11: a growth of 38.16%

EBIDTA at Rs. 452.92 crore

Growth of 38.57% over corresponding quarter in 2010-11 (Rs. 326.85 crore)

PAT at Rs. 57.77 crore

An increase of 24.21% over Q1 2010-11 (Rs.46.51 crore)


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2 Celebrating 25 Years 1986-2011

(Rs. Crore)

PARTICULARS 1ST QUARTER ENDED YEAR ENDED

30.06.2011[3 months]

(Provisional)

30.06.2010[3 months]

(Provisional)

31.03.2011[12 months]

(Audited)

1. Net Sales / Income from operations 1,644.89 1,098.97 6,388.442. Other Income 0.70 0.05 6.42

3. Total Income 1,645.59 1,099.02 6,394.86

4. Total Expenditure 1,192.67 772.17 4,638.91

a] (Increase) / Decrease in Stock in trade and work inprogress

(284.66) (104.34) (216.23)

b] Consumption of raw material 1,090.69 617.36 3,567.36

c] Employee Cost 54.96 41.60 199.75

d] Other Expenditure 331.68 217.55 1,087.63

Proit Before Interest & Depreciation 452.92 326.85 1,756.35

5. Depreciation 164.97 99.32 518.79

6. Interest 200.44 157.08 654.377. Proit from ordinary activities Before Tax 87.51 70.45 583.19

8. Provision for Tax Current 17.50 14.37 120.40

MAT Credit 0.00 0.00 (42.25)

Deferred 12.24 9.57 100.68

Net Proit from ordinary activities after Tax 57.77 46.51 404.37

9. Extra ordinary items (Net of tax) 0.00 0.00 0.00

10. Net Proit for the period 57.77 46.51 404.37

11. Paid up Equity Share Capital(Face Value Rs.10/- per equity Shares)

787.79 787.79 787.79

12. Reserve excluding revaluation reserves (as per BalanceSheet of previous accounting year) 2,309.79 1,928.40 2,309.79

13. Earnings Per Share (Rs.)

Basic 0.73 0.59 5.13

Diluted 0.73 0.59 5.13

14. Aggregate of public share holdings

-Number of Shares 55,64,08,006 56,44,21,927 56,44,21,927

-Percentage of Shareholding 70.63% 71.65% 71.65%

15. Promoter & Promoter Group Shareholding

a) Pledged/Encumbered

- Number of Shares 13,64,27,640 20,22,42,838 15,24,27,640

- Percentage of Shares (as a % of the totalshareholding of promoter and promoter group)

58.96% 90.54% 68.24%

- Percentage of Shares (as a % of the total sharecapital of the Company)

17.32% 25.67% 19.35%

b) Non- encumbered

- Number of Shares 9,49,48,711 2,11,33,513 7,09,48,711

- Percentage of Shares (as a % of the totalshareholding of promoter and promoter group

41.04% 9.46% 31.76%

- Percentage of Shares (as a % of the total sharecapital of the Company)

12.05% 2.68% 9.00%

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2011


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NOTES:

1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors

of the Company at their meeting held on 29 July 2011. The same are subject to Limited Review by the statutory

auditors of the Company.

2. Total Income has increased by 49.73% over the corresponding quarter of the previous year to reach Rs.

1,645.59 crore. Domestic sales increased by 57.24% over Q4, 2009-10 to reach Rs.1,042.70 crore, while exportsales was Rs.602.19 crore an increase of 38.16%

3. The Board of Directors of the company have considered and approved the proposal for amalgamation of

Grabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in the Scheme

of Amalgamation placed before the Board, subject to necessary approvals from the statutory and regulatory

authorities. The swap ratio as determined by M/s Ernst & Young Pvt Ltd., independent valuer and the fairness

report provided by M/s Fortune Financials Services (India) Ltd. and as approved by the Board is 1 (One) fully

paid equity share of Rs. 10/ each of the company to be issued and allotted for every 1 (One) fully paid equity

share of Rs. 10/ each held in GAIL.

4. The company has contracted the following deals relating to real estate held by its wholly owned subsidiary:

i. TwocommercialloorsoutofTwentyloorsinTowerBofPeninsulaBusinessPark,LowerParelhave

been leased out to a leading FMCG MNC;

ii. OnelooroutofEightloorsinAshfordCentre,LowerParelhavebeensoldtoareputeddomesticNBFC;

iii. Seventy Three Acres of land at Silvassa have been agreed to be sold to six different parties.

5. TheBoardconsideredandrecommendedequitydividendof2.5%i.e.Rs.0.25perequitysharefortheinancial

year ending March 31, 2011, subject to the approval of the members at the Annual General Meeting, which has

beenixedforThursdaythe29September2011.

6. No. of investor complaints at the beginning of the quarter were NIL, received during the quarter were 16,

disposed off during the quarter were 16and lying unsolved at the end of the quarter were NIL.

7. The entire operations of the Company relate to only one segment viz., textiles. The risk and returns are

generally perceived by the management to be the same for all units and thus treated as one segment.

8. Theiguresofpreviousquarter/periodhavebeenreclassiied/regroupedwherevernecessarytocorrespond

with those of the current quarter/period.

By order of the Board

For ALOK INDUSTRIES LIMITED

Sd/-

DILIP B. JIWRAJKA

Managing Director

Place: Mumbai

Date: 29 July 2011


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RightsIssueofFCDs of Rs. 51crores.

Turnoversurpasses Rs.550 crores

Expansionofweaving andwider widthprocessingcapacitiesunder TUFSof Rs.225crores

Turnoverof Rs. 350crores

RightsIssueof Rs. 14.98crores

TurnoverofRs.100 crores

IPOofRs.4.50 crores

Incorporation

Collaborationwith Grabher,Austria to formGrabal AlokImpex Ltd. formanufacture ofembroidery

Private

placement ofRs. 15 croresto CenturyDirect Fund(Mauritius)

1986 1993 1995 1996 1997 1998 2000 2001 2002

MAJOR MILESTONES OF LAST 25 YEARS


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TurnoverRs.6388 crores,export Rs. 2217Crores.

IMC-RamakrishnaBajaj Award for

manufacturing. Expansionof

polyester from600 tons/day to1400 tons/day

RecognisedStarTrading House

TurnoverRs.4311crores, export Rs. 1500crores

QIPRs.425crores

Addedterrytoweltoitshome textile range

RightsIssueRs.450 crores

Completedintegration ofpolyester bycontinuouspolymerization

capacity of 600tpa.

EmbarkedonphaseIV of expansionproject aggregatingto Rs. 1180 crores

RaisedECB

equivalent to USD90 mn

AcquirestakeinUKretail store twentyone

CompletedPhaseI & II expansiondrive

FCCBissueofUSD 70 mn.

FCCBissueofUSD 35 mn.

ExportTradingHouse Statusawarded.

Forayintohometextiles.

TurnoversurpassesRs.1000crores (Exports exceeded

Rs.100 crores)

MezzanineFinanceTransactionof Rs.101 crores with CLSAgroup

InitiatedPhaseI&IIofRs.1175crores

ISO9001:2000certiicationobtained

ForayintodomesticretailingunderthenameH&A

EmbarkedonPhaseIIIofexpansionprojectaggregating to Rs. 1100 crores

AcquisitionofMiletaInternational(60%stake), a company based in Czech Republic

Contractedtoacquirepremiumpropertiesadmeasuring about 7,00,000sq. feet. InLower Parel

Turnover-Rs.1800croreswithexports-Rs.640 crores

2003 2004 2005 2006 2007 2008 2009 2010 2011


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KEY FINANCIAL INDICATORS SINCE INCEPTION TO FY 2011

(Rs. Crore)

PARTICULARS3 1. 03 .2 01 1 3 1. 03 .2 01 0 3 1.0 3.2 00 9 3 1.0 3. 20 08 3 1. 03 .2 00 7 3 1. 03 .2 00 6 3 1.0 3.2 00 5 3 1.0 3. 20 04 3 1.0 3. 20 03 3 1. 03 .2 00 2

(12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months)

Net Sales 6388.44 4311.17 2976.93 2170.41 1824.68 1420.70 1224.50 1068.85 795.41 564.97

Export Sales (2217.43) (1558.99) (1054.5) (1036.89) (641.71) (394.55) (306.53) (111.48) (26.620 (21.65)

EBITDA 1756.36 1272.48 822.61 547.75 410.96 301.26 244.53 198.40 137.14 98.14Proit after Tax (PAT) 404.37 247.34 188.37 167.73 135.18 109.21 89.25 71.08 42.31 37.91

Net Cash accruals 1025 688.93 496.7 366.86 273.75 190.50 118.89 98.86 61.54 51.22

Equity Share Capital 787.79 787.79 196.97 187.17 170.37 157.47 134.02 88.23 87.69 42.29

Reserves 2309.79 1928.4 1410.39 1134.01 854.07 650.06 460.73 218 161.58 140.85

Application Money/Warrants - - 147.70 110.16 - - 3.32 21.42 - 51.03

Deferred Tax 507.66 406.98 307.97 210.48 141.82 100.1 75.1 50.52 36.33 2.64

Tangible Net Worth 3605.24 3123.17 2063.03 1641.82 1166.26 907.63 673.17 378.17 285.6 236.81

Gross Block 10075.51 8215.61 6692.71 4368.05 2954.2 2121.89 1047.57 690.84 453.59 355.04

Net Block 8488.39 7145.11 5983.86 3891.3 2583.8 1874.24 879.27 579.53 380.39 307.3

Total Borrowings 9653.56 8509.68 6596.35 5767.31 3336.76 2212.5 1403.24 902.09 549.17 401.51

G.P. to Net Sales (%) 27.49% 29.52% 27.63% 25.24% 22.52% 21.21% 19.99% 18.56% 17.24% 17.37%

PAT to Net Sales (%) 6.33% 5.74% 6.33% 7.73% 7.41% 7.69% 7.29% 6.65% 5.32% 6.71%

Return on Capital Employed 11.53% 9.52% 8.20% 6.96% 8.41% 8.33% 10.90% 13.89% 14.03% 13.37%

Net Debt: Equity 2.36 2.28 3.03 2.49 2.19 1.85 1.35 1.97 1.84 1.62

Dividend (%) 2.50% 2.50% 7.50% 12.00% 14.00% 12.00% 12.00% 10.00% 10.00% 10.00%

EPS 5.13 4.57 9.64 11.4 9.7 6.68 7.25 7.90 7.36 11.77

Book Value 39.32 34.48 89.1 76.47 60.13 51.28 44.38 34.20 28.43 43.31


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(Rs. Crore)

31.03.2001 31.03.2000 31.03.1999 31.03.1998 31.03.1997 1.03.1996 31.03.1995 31.03.1994 31.12.1992 31.03.1992 31.03.1991 31.03.1990 31.03.1989 30.10.1987

(12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (15 months) (9 months) (12 months) (12 months) (12 months) (17 months) (12 months)

443.29 322.17 238.18 196.71 167.97 120.55 81.72 55.84 26.43 16.53 15.88 8.92 0.38 0.04

(18.74) (9.37) (6.1) (3.17) (2.77) (0.1) (1.6) (2.87) (0.18) - - - - -

76.21 60.86 44.7 26.94 17.96 14.25 8.73 3.52 1.45 1 0.5 0.21 0.01 -29.47 21.38 14.96 10.22 6.23 6.02 4.88 1.92 0.8 0.53 0.11 (0.11) (0.03) -

37.76 26.27 16.4 10.80 7.86 8.21 6.14 1.04 0.94 0.67 0.24 0.02 - -

28.35 27.82 23.64 11.62 9.71 3.74 3.75 3.49 0.73 0.25 0.25 0.25 0.25 -

103.13 75.04 46.2 28.14 23.22 13.1 7.78 3.6 0.99 0.49 - (0.12) (0.03) -

29.48 13.95 1.35 1.13 - 7.24 - - 0.81 - 0.14 0.14 0.14 0.03

- - - - - - - - - - - - - -

160.96 116.81 71.19 40.89 32.93 24.08 11.53 7.09 2.53 0.74 0.38 0.27 0.37 0.03

227.89 144.94 130.08 105.25 62.23 45.24 24.84 7.98 3.76 2.15 - 1.42 1.39 0.03

195.82 123.99 116.75 98.15 54.79 35.35 21.83 8.07 3.41 1.74 1.22 1.28 1.36 0.03

285.16 209.32 183.68 145.88 73.47 47.28 33.34 11.92 2.51 2.29 1.89 1.167 1.13 -

17.19% 17.07% 15.98% 13.70% 10.69% 11.82% 10.56% 6.30% 5.49% 6.04% 3.15% 2.35% 2.63% 2.29%

6.65% 6.00% 5.35% 5.20% 3.71% 4.99% 5.97% 3.43% 3.03% 3.21% 6.93% -1.23% -7.89% 0.75%

14.61% 15.59% 14.97% 12.70% 14.44% 16.23% 19.46% 18.52% 28.77% 33.00% 21.95% 14.57% 0.67% -

1.65 1.58 2.44 3.46 2.14 1.89 2.85 1.36 0.85 2.93 4.53 4.10 3.09 -

10.00% 10.00% 20.00% 20.00% 20.00% 20..00% 20.00% 20.00% 15.00% 10.00% - - - -

10.39 8.91 8.98 8.8 16.25 16.10 13.01 5.50 10.96 21.20 4.40 (4.40) (1.20) -

46.38 36.97 29.54 34.22 33.91 64.39 30.75 20.32 34.66 29.60 15.40 10.96 14.57 840.29


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The`H&Achainofstoresopenedanadditional20shopsduringthequarter;takingthetotalnumberto311 (including shop-in-shop); target is to have about 500 stores operational by March 2012. In AnnualSurvey, Franchise India has ranked H&A as one of the top 100 franchising opportunities in India for 2011

`StoreTwentyOne,theUKretailchainofvalue-formatstorescontinuedtodoreasonablywellduringthequarter.GrabalAlok(UK)Ltd,theCompanythatoperatesthesestorescontinuedtogeneratepositiveEBIDTA of 0.71 mn. The sales for Q1 2011-12 was at 31.47 mn as compared to 30.84 mn in thecorresponding quarter of the previous period. As of today, there is a total of 219stores

The Board of Directors of the company have considered and approved the proposal for amalgamation ofGrabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in theScheme of Amalgamation placed before the Board, subject to necessary approvals from the statutory andregulatory authorities. The swap ratio as determined by M/s Ernst & Young Pvt. Ltd., independent valuerand the fairness report provided by M/s Fortune Financials Services (India) Ltd. and as approved by theBoard is 1 (One) fully paid equity share of Rs. 10/ each of the company to be issued and allotted forevery 1 (One) fully paid equity share of Rs. 10/ each held in GAIL.

CreditAnalysisandResearchLtd(CARE)hasmaintainedCAREA+ratingfortheCompanyslongtermfacilities,whileratingfortheCompanysshorttermcommercialpaper/MIBORlinkedshorttermNCDshavebeenupgradedandassignedCAREA1+rating

The company has contracted the following deals relating to real estate held by its wholly owned subsidiary:

TwocommercialloorsoutofTwentyloorsinTowerBofPeninsulaBusinessPark,LowerParelhave been leased out to a leading FMCG MNC;

OnelooroutofEightloorsinAshfordCentre,LowerParelhavebeensoldtoareputeddomesticNBFC;

SeventyThreeAcresoflandatSilvassahavebeenagreedtobesoldtosixdifferentparties

The Companyhas intensiiedefforts tosell/ lease its primecommercialproperties atLower Parel,Mumbai(heldbywhollyownedsubsidiaries)andisconidentofmakingsigniicantprogressinthis

direction by the year end

KEY DEVELOPMENTS IN THE QUARTER


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PROFIT AND LOSS: FOR THE QUARTER

Rs. Crore

PROFIT & LOSS ACCOUNT Q/ENDED

30 JUNE 2011

Q/ENDED

30 JUNE 2010

% Change

% to Sales % to Sales

Domestic Sales 1,042.70 663.12 57.24%

Export Sales 602.19 435.85 38.16%

Net Sales 1,644.89 1,098.97 49.68%

Other Income 0.70 0.05 1300.00%

TOTAL INCOME 1,645.59 1,099.02 49.73%

Material Costs 806.03 49.00% 513.02 46.68% 57.11%

People Costs 54.96 3.34% 41.60 3.79% 32.12%

Other Expenses 331.68 20.16% 217.55 19.80% 52.46%

EBIDTA 452.92 27.53% 326.85 29.74% 38.57%

Depreciation 164.97 10.03% 99.32 9.04% 66.10%

EBIT 287.95 17.51% 227.53 20.70% 26.55%

Interest & Finance Costs 200.44 12.19% 157.08 14.29% 27.60%

PBT 87.51 5.32% 70.45 6.41% 24.22%

Less: Provision for Taxes

1.81%

2.18%

24.24%Current Tax 17.50 14.37

Deferred Tax 12.24 9.57

PAT 57.77 3.51% 46.51 4.23% 24.21%

KEY FINANCIALS AT A GLANCE


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DIVISIONAL PERFORMANCE : FOR THE QUARTER

Rs. Crore

PARTICULARS 3 M YTD ENDED 30 JUN 2011 3M YTD ENDED 30 JUN 2010

CHANGE

LOCAL

EXPORT

TOTAL

%T

O

TOTAL

SALES

LOCAL

EXPORT

TOTAL

%T

O

TOTAL

SALES

COTTON YARN 28.95 14.15 43.10 2.62% 19.07 30.53 49.60 4.51% (13.10%)

APPAREL FABRIC

WOVEN 488.97 116.84 605.81 36.82% 397.02 41.73 438.75 39.92% 38.08%

KNITTING 36.09 38.22 74.31 4.52% 23.28 21.59 44.87 4.08% 65.61%

525.06 155.06 680.12 41.34% 420.30 63.32 483.62 44.00% 40.63%

HOME TEXTILES 3.77 231.59 235.36 14.31% 11.50 170.16 181.66 16.53% 29.56%

GARMENTS 3.17 39.53 42.70 2.60% 1.81 29.37 31.18 2.84% 36.95%

POLYESTER YARN 481.75 161.86 643.61 39.13% 210.44 142.47 352.91 32.12% 82.37%

TOTAL 1,042.70 602.19 1,644.89 100.00% 663.12 435.85 1,098.97 100.00% 49.68%

DIVISIONAL PERFORMANCE: RELATIVE SHARE IN TOTAL SALES

Q1 JUNE 2011 Q1 JUNE 2010

DIVISIONAL PERFORMANCE


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SUMMARY PROFIT & LOSS ACCOUNT: FOR THE QUARTER

Rs. Crore

PARTICULARS 3M ENDED

30 JUN 2011

3M ENDED

30 JUN 2010

NET SALES 1,644.89 1,098.97

EBIDTA 452.92 326.85

DEPRECIATION 164.97 99.32

MISC. EXP. W/OFF 0.00 0.00

PBIT 287.95 227.53

INTEREST 200.44 157.08

PBT 87.51 70.45

PAT 57.77 46.51

CASH PROFIT 222.74 145.83

OPERATING NET CASH ACCRUALS 222.74 145.83

SUMMARY BALANCE SHEET

Rs. Crore

PARTICULARS AS ON

30 JUN 2011

AS ON

31 MAR 2011

(Audited)

TANGIBLE NET WORTH 3,150.84 3,097.58

TOTAL LONG TERM BORROWINGS 7,505.00 7,129.67TOTAL SHORT TERM BORROWINGS 2,394.08 2,523.89

TOTAL BORROWINGS 9,899.07 9,653.56

DEFERRED TAX LIABILITY 494.20 507.66

TOTAL LIABILITIES 13,544.11 13,258.80

NET FIXED ASSETS 8,689.36 8,488.39

TOTAL INVESTMENTS 187.53 167.20

Foreign Currency Translation Monetary A/c 0.00 (0.22)

CURRENT ASSETS 5,551.57 5,579.46

CURRENT LIABILITIES 884.35 976.03

NET CURRENT ASSETS 4,667.22 4,603.43

TOTAL ASSETS 13,544.11 13,258.80

FINANCIAL POSITION


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CASH FLOW

Rs. Crore

PARTICULARS Q1 Annual

2011-12

(Provisional)

2010-11

(Audited)NET CASH GENERATED FROM OPERATING ACTIVITIES (38.68) 1,135.50

NET CASH USED IN INVESTING ACTIVITIES (486.09) (1195.66)

NET CASH GENERATED FROM FINANCING ACTIVITIES (43.05) 369.37

NET FLOW (567.81) 309.22

CASH AND CASH EQUIVALENTS

AT THE BEGINNING OF THE PERIOD 1,099.37 587.97

AT THE END OF THE PERIOD 531.56 897.19NET INCREASE IN CASH AND CASH EQUIVALENTS (567.81) 309.22

KEY RATIOS

PARTICULARS 30-JUN-11

(3 Months)

(Provisional)

2010-11

(12 Months)

(Audited)

2009-10

(12 Months)

(Audited)

Proitability Ratios

EBITDA (%) 27.53% 27.49% 29.52%

ProitBeforeTaxMargin(%) 5.32% 9.13% 8.69%ProitAfterTaxMargin(%) 3.51% 6.33% 5.74%

Return on Net worth (%) 6.34% 11.22% 7.92%

Return on Capital Employed (%) 10.33% 11.53% 9.52%

Balance Sheet Ratios

Net Debt (Long Term) Equity including Deferred Tax Liability 1.88 1.66 1.62

Net Total Debt Equity including Deferred Tax Liability 2.53 2.36 2.28

Net Total Debt / EBITDA 5.09 4.85 5.59

Current Ratio 1.69 1.59 1.83

Coverage Ratios

PBDIT/Interest 2.26 2.68 2.38Debtors Turnover Days 89 98 93

Inventory Turnover Days 136 114 125

FINANCIAL POSITION


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SHARE CAPITAL AND TANGIBLE NET WORTH

Rs. Crore

PARTICULARS

AS ON

30 JUN 2011 31 MAR 2011

(Audited)

EQUITY CAPITAL 787.79 787.79

SECURITIES PREMIUM RESERVE 880.39 880.39

GENERAL RESERVE 274.98 274.98

P&L ACCOUNT 888.32 921.60

OTHERS 319.36 232.82

TANGIBLE NET WORTH 3,150.84 3,097.58

LOANS: LONG AND SHORT TERM

Rs. Crore

PARTICULARS AS ON

30 JUN 2011 31 MAR 2011(Audited)

SECURED LOANS 7,398.24 6,967.45

UNSECURED LOANS 106.75 162.22

TOTAL LONG TERM BORROWINGS (A) 7,505.00 7,129.67

SECURED LOANS 1,072.30 1,092.71

UNSECURED LOANS 205.24 264.95

WORKINGCAPITALBORROWINGS 1,116.54 1,166.23

TOTAL SHORT TERM BORROWINGS (B) 2,394.08 2,523.89

TOTAL BORROWINGS (A+B) 9,899.07 9,653.56

LESS:CASH&BANKBALANCES (669.06) (1,141.21)

NET BORROWINGS 9,230.01 8,512.35

FINANCIAL POSITION


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FIXED ASSETS

Rs. Crore

PARTICULARS

AS ON

30 JUN 2011 31 MAR 2011

(Audited)

FIXED ASSETS 9,297.49 9,014.31

CAPITALWORKINPROGRESS 1,149.33 1,061.20

GROSS FIXED ASSETS 10,446.82 10,075.51

LESS: DEPRECIATION (1,757.46) (1,587.12)

NET FIXED ASSETS 8,689.36 8,488.39

NET CURRENT ASSETS

Rs. Crore

PARTICULARS

AS ON

30 JUN 2011 31 MAR 2011

(Audited)

INVENTORIES 2,483.76 1,995.61

DEBTORS 1,630.70 1,708.67

CASH&BANKBALANCES 669.06 1,141.21

LOANS & ADVANCES 768.05 733.97

TOTAL CURRENT ASSETS 5,551.57 5,579.46

SUNDRY CREDITORS 795.18 844.27

OTHER CURRENT LIABILITIES 66.26 68.97

PROVISIONS 22.91 62.79

TOTAL CURRENT LIABILITIES 884.35 976.03NET CURRENT ASSETS 4,667.22 4,603.43

CAPACITIES

Divisions Units Current Capacities Capacities under

Implementation

Capacities Post

Expansions

SPINNING Tons 69,040 10,960 80,000

(Spindles) ( 3,43,840) (68,000) (4,11,840)

HOME TEXTILES

Processing mn mtrs 82.5 22.5 105

Weaving mn mtrs 68 24 92

Terry Towels Tons 6,700 6,700 13,400

APPAREL FABRIC

Processing Woven mn mtrs 105 21 126

Weaving mn mtrs 93 17 110

Knits Tons 18,200 6,800 25,000

GARMENTS mn pcs 22 - 22

POLYESTER

DTY Tons 1,14,000 56,000 1,70,000

FDY Tons 65,700 - 65,700

POY & Chips Tons 3,00,000 2,00,000 5,00,000

FINANCIAL ANALYSIS


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SHARE PRICE AND VOLUMES

Month BSE (In Rs. per share) NSE (In Rs. Per share)

High Low Volume High Low Volume

Apr-11 28 22 10,04,62,800 27.9 21.8 35,73,98,800

May-11 27.8 23.75 5,13,09,300 27.8 23.75 20,61,21,600

Jun-11 28.5 22.85 5,12,69,100 28.5 22.8 22,14,77,800

SHARE PERFORMANCE VIS-A-VIS STOCK MARKET INDICES

Note: Share prices and indices indexed to 100 as on 1 April 2011

EQUITY INFORMATION

Equity as on 30 JUN 2011 78.78 crore

BSE NSE

Closing Price as on 30 JUN 2011 25.20 25.15

3-Month High Low High: 28.50 High: 28.50

Low: 22.00 Low: 21.80

Market Capitalisation as on 30 JUN 2011 (Rs) 1,985.26 crore

SHAREHOLDING PATTERN

SHAREHOLDER ENTITIES CURRENT QUARTER PREVIOUS QUARTER

Promoters 29.37% 28.35%

Banks, Mutual Funds And FIs 11.69% 13.41%

FIIs, NRIs And OCB 20.68% 23.12%

Other Corporate Bodies and Public 38.26% 35.12%

Total 100.00% 100.00%

58.96%ofthepromotersholdinghavebeenpledgedwithFIIs,MFsandotherlendersaspartofloan

conditions. This represents a sum total of 13,64,27,640 equity shares

CAPITAL INFORMATION


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TOP TEN SHARE HOLDERS AS AT 30 JUN 2011

Sr. No Name of Shareholder Number of

Shares

% Holding

1 Promoters 231,376,351 29.37%

2 Caledonia Investments PLC 81,391,489 10.33%3 Life Insurance Corporation of India 26,964,136 3.42%

4 IndusCapitalAdvisors(UK)LLPA/CIndusIndiaFund(Mauritius)Ltd

25,897,416 3.29%

5 IFCI Limited 21,440,823 2.72%

6 Macquarie Bank Limited 18,680,000 2.37%

7 Axis Bank limited 17,300,000 2.20%

8 IL&FS Trust Company Limited A/C IL&FS Private Equity Trust Leverage India Ltd

12,602,457 1.60%

9 BNP Paribas Arbitrage 12,256,650 1.56%

10 IDBI Bank Ltd 10,788,161 1.37%

Sub-total 458,697,483 58.23%

Other Share Holders 329,086,874 41.77%

Total 787,784,357 100.00%

CAPITAL INFORMATION

BOARD OF DIRECTORS

Sr. No Full Name Designation

1 Ashok Bhagirathmal Jiwrajka Executive Chairman

2 Dilip Bhagirathmal Jiwrajka Managing Director

3 Surendra Bhagirathmal Jiwrajka Joint Managing Director

4 ChandraKumarGovindramBubna Executive Director

5 Ashok Girdharidas Rajani Independent Director

6 KandarpRatanchandModi Independent Director

7 Timothy Charles William Ingram Non-Executive Director

8 Thankom Thomas Mathew Independent Nominee Director - LIC

9 David Paul Rasquinha Independent Nominee Director - Exim Bank

10 Muthu Venkatavarada Iyengar Mudambai Independent Nominee Director - IFCI Limited

11 Maya Chakravorty Independent Nominee Director - IDBI Bank


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THE GLOBAL ECONOMY

Activity is slowing down temporarily, and downsiderisks have increased again. The global expansionremains unbalanced. Growth in many advancedeconomies is still weak, considering the depth of the

recession. In addition, the mild slowdown observed inthe second quarter of 2011 is not reassuring. Growth inmost emerging and developing economies continuesto be strong. Overall, the global economy expandedatanannualizedrateof4.3%intheirstquarter,andforecasts for 201112 are broadly unchanged, withoffsetting changes across various economies. However,greater-than-anticipated weakness in U.S. activity andrenewedinancialvolatilityfromconcernsaboutthedepthofiscalchallengesintheeuroareaperipherypose greater downside risks. Risks also draw from

persistent iscal and inancial sector imbalances inmany advanced economies, while signs of overheatingare becoming increasingly apparent in many emergingand developing economies. Strong adjustmentscredible and balanced iscal consolidation andinancialsectorrepairandreforminmanyadvancedeconomies, and prompter macroeconomic policytightening and demand rebalancing in many emergingand developing economiesare critical for securinggrowth and job creation over the medium term.

INDIAOn the domestic front, a revised and rebased IIP suggests that earlier signals of a growth deceleration

in H2, FY12 were exaggerated. Data for April-May 2011 suggests that some moderation might be underway,relectinginpartalaggedresponsetothemonetarytighteningthathasbeeneffectedsinceOctober2009

The softening of commodity prices over the past three months did not translate into a decline in eitherheadlinewholesalepriceindex(WPI)inlationornon-foodmanufacturinginlation

GDP growth forecast retained at 8% for FY12

WPIinlationforMarch2012isrevisedupwardfrom6%to7%,onbackofa)anyshortfallinrainfallor

itspatterncouldposesigniicantriskstofoodinlation,b)crudeoilpricesinthenearfutureisuncertain,c)IftheGovernmentraisesadministeredfuelprices,theinlationimplicationsarestraightforward.IftheGovernmentabsorbsthisintheiscalaccounts,theresultantexpansionaryimpactwilladdtoinlationpressures.

ECONOMIC OVERVIEW


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THE TEXTILE INDUSTRY

Global Textile and Apparel Trade

The imports of textile and apparel products by US increasedfrom US$ 81 bn in 2009 to US$ 93 bn in 2010, growing by 15%.The imports have recovered from the economic slump in 2008-

09 and growing further.

EU imports of Textile and Apparel has increased in 2010 by6.6% from US$ 215 bn in 2009 to US$ 229 bn in 2010. Growthhas been slower than US imports primarily due to the prevailingeconomic downturn in major EU countries

Therisingpricesofcotton,resultinginsubsequentdificultyinremaining competitive in the global apparel market, has beenone of the major trends of 2010. While the prices have showna downward trend recently, the volatility in prices has becomean even bigger concerns

The unprecedented growth in cotton prices and the scarcity inits supply have started changing global equations in the textileand apparel market. There is increasing stress on substitutesand volume demand for polyester has started to increaserapidly.

Indian Textile Update

Indian Domestic Textile and Apparel Market Growth

Indias domestic textile and apparelmarket continued to grow in2010 on the back of ever increasing consumer demand. Domestic

textile and apparel market is estimated to be US$ 52 bn in 2010 andexpected to grow further to reach US$ 140 bn by 2020.

Indian Textile and Apparel Industry Export Growth

Along with the growth of global trade, India has emerged as one ofthe strongest textile and apparel production hubs in the past years.IndiasexportshavegrownataCAGRof11%inlast25yearstoreachUS$25bnin2010.Further,Indiasexportsareexpectedtogrow@

12% to reach US$ 80 bn by 2020.

Sources: Technopak, Ministry of Textiles (Govt of India)

Source: UN Comtrade, Ministry of Textiles

INDUSTRY OVERVIEW


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Alok Industries Limited

Q1 FY12 Net Sales up by 49.68% to Rs. 1,644.89 crorePAT up by 24.21% to Rs. 57.77 crore

Editors Synopsis

For the Quarter ended June 30, 2011:Net Sales up by 49.68% at Rs. 1,644.89 crore

EBIDTA increased by 38.57% at Rs. 452.92 crore

PAT up by 24.21% at Rs. 57.77 crore

Mumbai, 29 July, 2011:

Alok Industries Limited, one of the leading integrated textile companies in India, today reported net sales ofRs. 1,644.89 crore for the quarter ended June 30, 2011, as compared to Rs. 1,098.97 crore in the correspondingperiodofthelastiscal,registeringagrowthof49.68%.

Export sales for the quarter ended June 30, 2011 stood at Rs. 602.19 crore, as against Rs. 435.85 crore in thesameperiodofthelastiscal,registeringagrowthof38.16%.

DuringtheJune11quarterthecompanysnetproitstoodatRs.57.77crore,higherby24.21%,ascomparedtoRs.46.51crorepostedinthesamequarteroflastiscalyear.

The EBIDTA for the quarter was at Rs. 452.92 crores as against Rs. 326.85 crores in the corresponding quarteroflastiscalyear,registeredagrowthof38.57%.

Earning per share (EPS) for June quarter stood at Rs. 0.73.

Dividend for Financial Year 2010-2011

Thecompanysboard,inameetingheldtoday,hasrecommendedadividendof2.5%,orRs.0.25pershare,ontheequitysharesofRs10eachfortheinancialyear201011.

Merger of Grabal Alok Impex Ltd with the company

The Board of Directors of the company have considered and approved the proposal for amalgamation ofGrabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in theScheme of Amalgamation placed before the Board, subject to necessary approvals from the statutory andregulatory authorities.

The swap ratio as determined by M/s Ernst & Young Pvt Ltd., independent valuer and the fairness reportprovided by M/s Fortune Financials Services (India) Ltd. and as approved by the Board is 1 (One) fully paidequity share of Rs. 10/ each of the company to be issued and allotted for every 1 (One) fully paid equityshare of Rs. 10/ each held in GAIL.

GrabalAlokispromotedbyAlokIndustriesLimitedintechnicalandinancialcollaborationwithGrabalAlbertGrabher Gesellschaft m.b.H & Co., of Austria. The company is a manufacturer of all kinds of embroideredproducts having wide application in home textiles, apparel fabrics and garments.

25th AGM to be held on Thursday, September 29, 2011

TheboardhasalsoixedThursday,September29,2011asthedateforholdingthecompanysTwentyFifthAnnualGeneralMeeting.ThemeetingwillbeheldattheregisteredoficeofthecompanyatSilvassaat12.00Noon

Management Comment

Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited,said,Our

business performance was quite encouraging in Q1 FY 2012 and we were able to achieve satisfactory growth.We are glad to see the continued demand for our products, the widening of the business across product

PRESS RELEASE


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segments and geographies. We look forward to encash our real estate investments in subsidiaries, optimizeourexpandedcapacitiesandreducecost,whichwouldbeneitallstakeholders.

OntheschemeofamalgamationofGrabalAlokImpexLimitedwiththecompany,hesaid,Thiscorporateaction should bring about operational and inancial synergies besides enabling focused managementattentionthroughasingleuniiedTextileenterprise.

About Alok Industries Limited:

(BSE Code: 521070) (NSE Code: ALOKTEXT) (Reuters Code: ALOK.BO) (Bloomberg Code: ALOK@IN)

Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutionsprovider inIndia.Adiversiiedmanufacturerofworld-classhometextiles,apparelfabrics,garmentsandpolyester yarns, Alok has capacities of 82.50 mn meters of sheeting fabric and 6700 tons of terry towelsfor its home textiles business, 105.00 mn meters of apparel width woven fabrics, 18200 tons per annum ofknitted fabrics and 22 million pieces per annum of garments.

With the commencement of spinning of cotton yarn (58,500 tons per annum), Alok has achieved completeintegration. The company also has a strong presence in the polyester segment with a capacity of 1,14,000

tons per annum of polyester textured yarn supplemented by 2,00,000 tons per annum of POY. The companyhas a blue chip international customer base comprising of world renowned retailers, importers and brands.

For More Information Please Contact:

Mr.SunilO.KhandelwalChief Financial OfficerAlok Industries LtdTel: 022-2499 6241Email: [email protected]

Mr.SiddharthKumar/Mr.AnkurParikhAdfactors PR, MumbaiCell : 9833933447/9820092291siddharth.kumar@adfactorspr.comankur.parikhadfactorspr.com

PRESS RELEASE


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Garments

"Alok is an 'end-to-end' provider of Integrated Textile Solutions, with five core

divisions: Cotton Yarn, Apparel Fabric, Home Textiles, Garments and Polyester Yarn

Alok's State of the Art Integrated Textile Facilities

Spinning

Processing

Knitting

Quilting Schiffli Embroidery

Madep-ups

Multi Head Embroidery

Weaving

Yarn Dyeing

Printing

Processing


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WPPL

alok result 30 sept 2011

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