Alok Industries Ltd 2020 AR2
The report highlights Alok Industries Limited's financial and operational performance for the fiscal year 2019-2020. During this period, the company substantively implemented its Approved Resolution Plan, leading to Reliance Industries Limited and JM Financial Asset Reconstruction Company taking joint control. Financially, the company achieved standalone revenue from operations of ₹3,166.34 crore, with a net profit after tax of ₹1,223.19 crore, primarily driven by exceptional gains from debt extinguishment. Operationally, the company ran at an average of 30% capacity due to working capital constraints but successfully initiated a new Safety Textiles division to manufacture PPE suits and N95 masks in response to the COVID-19 pandemic.
Company: Alok Industries Ltd
Sector: Manufacturing
Country: India
Year: 2020
Type: AR2
Pages: 232
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Alok Industries Ltd
Annual Report
The report highlights Alok Industries Limited's financial and operational performance for the fiscal year 2019-2020. During this period, the company substantively implemented its Approved Resolution Plan, leading to Reliance Industries Limited and JM Financial Asset Reconstruction Company taking joint control. Financially, the company achieved standalone revenue from operations of ₹3,166.34 crore, with a net profit after tax of ₹1,223.19 crore, primarily driven by exceptional gains from debt extinguishment. Operationally, the company ran at an average of 30% capacity due to working capital constraints but successfully initiated a new Safety Textiles division to manufacture PPE suits and N95 masks in response to the COVID-19 pandemic.
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Document Details
Report Year
2020
Reporting Period
Apr 1, 2019 - Mar 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees