Net Loss of Alok Industries reported to Rs 215.93 crore in the quarter ended March 2024 as against net loss of Rs 297.55 crore during the previous quarter ended March 2023. Sales declined 6.44% to Rs 1469.31 crore in the quarter ended March 2024 as against Rs 1570.48 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 846.82 crore in the year ended March 2024 as against net loss of Rs 880.46 crore during the previous year ended March 2023. Sales declined 21.17% to Rs 5509.59 crore in the year ended March 2024 as against Rs 6989.20 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1469.311570.48 -6 5509.596989.20 -21 OPM %0.36-4.44 -0.87-1.12 - PBDT-142.84-204.83 30 -525.12-515.04 -2 PBT-220.03-297.04 26 -849.74-879.95 3 NP-215.93-297.55 27 -846.82-880.46 4 Powered by Capital Market - Live News

Alok Industries will hold a meeting of the Board of Directors of the Company on 20 April 2024.Powered by Capital Market - Live News

The Board of Alok Industries at its meeting held on 28 March 2024 has appointed Harsh Bapna as Chief Executive Officer and Key Managerial Personnel of the Company with effect from 01 April 2024. Powered by Capital Market - Live News

Alok Industries announced the cessation of Ram Rakesh Gaur, Chief Executive Officer of the Company with effect from 31 March 2024. He will be taking up a new role within the group. Powered by Capital Market - Live News

Alok Industries has received credit ratings for debt facilities of the company from CARE as under:Long term bank facilities (Rs 3500 crore) - CARE AA+; Stable Long term / short term bank facilities (Rs 190 crore)- CARE AA+; Stable/ CARE A1+ Short term bank facilities (Rs 10 crore) - CARE A1+ Powered by Capital Market - Live News