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Alok Industries Q4 Results: Net loss at Rs 500 crore


Alok Industries Q4 Results: Net loss at Rs 500 crore
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Last Updated: Apr 27, 2021, 04:25 PM IST
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Synopsis
Total income during the quarter under review stood at Rs 1,478.63 crore, up 95.04 per cent, as against Rs 758.11 crore reported in the same quarter a year ago, Alok Industries said in a regulatory filing.
In February 2020, Reliance Industries announced it will acquire 37.7 per cent stake in textile manufacturer Alok Industries Ltd for Rs 250 crore.
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NEW DELHI: Textile firm
Alok Industries on Tuesday reported a consolidated net loss of Rs 500.11 crore for the quarter ended March 31, 2021. The company had reported net profit of Rs 1,790.87 crore of the corresponding quarter a year ago. ....

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Alok Industries reports consolidated net loss of Rs 500.11 crore in the March 2021 quarter

Alok Industries reports consolidated net loss of Rs 500.11 crore in the March 2021 quarter
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Nifty today: SGX Nifty up 31 points; here's what changed for market while you were sleeping


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Investors would on Monday kick off the week reacting to a couple of major quarterly earnings and the government measures announced over the weekend to deal with the Covid crisis. Record Covid cases in India, extension of the lockdown in Delhi and a depreciating rupee could hurt foreign portfolio flows and may ensure any upside in the market gets sold off.
Here s breaking down the pre-market action:
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 31.50 points, or 0.22 per cent, higher at 14,371.50 in signs that Dalal Street was headed for a positive start on Monday.
Tech View: Nifty charts showing weakness ....

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