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Alok Industries Q2 FY27 results: net loss widens to ₹208.42 crore, revenue up 14.5%
Alok Industries Limited reported consolidated revenue of ₹1,078 crore in Q2 FY27, up 14.5% from Q2 FY26 and 8.5% from Q1 FY27. EBITDA rose to ₹41.29 crore and margin widened to 3.8%, but the company reported a net loss of ₹208.42 crore and EPS of ₹0.42 loss for the quarter.
Key points
- Consolidated revenue was ₹1,078 crore in Q2 FY27, up 14.5% year on year and 8.5% from Q1 FY27.
- EBITDA was ₹41.29 crore, up from ₹4.59 crore in Q2 FY26, while EBITDA margin rose to 3.8% from 0.5%.
- Alok Industries reported a net loss of ₹208.42 crore and EPS of ₹0.42 loss in Q2 FY27, against a net loss of ₹162.38 crore and EPS of ₹0.33 loss in Q2 FY26.
- In the first half of FY27, revenue was ₹2,070.87 crore, up 10.5% from H1 FY26, while net loss was ₹346.67 crore against ₹333.94 crore.
- The stock closed the reaction day 1.5% below its pre-results close and was 4.9% lower by the next day’s close.
How did Alok Industries perform in Q2 FY27?
Alok Industries reported consolidated revenue of ₹1,078 crore for Q2 FY27, against ₹941.09 crore in Q2 FY26 and ₹993.11 crore in Q1 FY27. EBITDA rose to ₹41.29 crore from ₹4.59 crore a year earlier, and margin increased to 3.8% from 0.5%.
The company reported a net loss of ₹208.42 crore for Q2 FY27, compared with a net loss of ₹162.38 crore in Q2 FY26 and ₹138.25 crore in Q1 FY27. EPS was ₹0.42 loss in the quarter against ₹0.33 loss a year earlier and ₹0.28 loss in the preceding quarter. On a standalone basis, revenue was ₹1,036.03 crore and the net loss was ₹145.37 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,078 | 993.11 | 941.09 | +14.5% | +8.5% |
| Other income | 5.75 | 5.13 | 53.68 | −89.3% | +12.1% |
| Total expenses | 1,255 | 1,153 | 1,162 | +8.0% | +8.8% |
| EBITDA | 41.29 | 57.35 | 4.59 | +799.6% | −28.0% |
| EBITDA margin | 3.8% | 5.8% | 0.5% | +3.3 pp | −2.0 pp |
| Profit before tax | −207.53 | −138.01 | −162.15 | ||
| Tax | 0.66 | 0 | 0 | ||
| Net profit | −208.42 | −138.25 | −162.38 | ||
| EPS (₹) | −0.42 | −0.28 | −0.33 |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Alok Industries' costs and profit?
Total expenses were ₹1,255 crore in Q2 FY27, up ₹93.14 crore from Q2 FY26, led by a ₹148.13 crore increase in cost of materials to ₹625.31 crore. Other expenses rose ₹32.94 crore to ₹373.06 crore, while employee cost fell ₹12.82 crore to ₹117.58 crore, finance costs fell ₹4.92 crore to ₹152.49 crore, and depreciation fell ₹1.91 crore to ₹66.35 crore.
Other income fell ₹47.93 crore to ₹5.75 crore from ₹53.68 crore in Q2 FY26. The quarter included a ₹35.73 crore exceptional charge, compared with a ₹5.25 crore gain in the year-ago quarter, while tax was ₹0.66 crore against no tax in Q2 FY26. The filing did not state further reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 625.31 | 477.18 | +148.13 | +31.0% |
| Employee cost | 117.58 | 130.40 | −12.82 | −9.8% |
| Finance costs | 152.49 | 157.41 | −4.92 | −3.1% |
| Depreciation | 66.35 | 68.26 | −1.91 | −2.8% |
| Other expenses | 373.06 | 340.12 | +32.94 | +9.7% |
| Total expenses | 1,255 | 1,162 | +93.14 | +8.0% |
| Other income | 5.75 | 53.68 | −47.93 | −89.3% |
| Tax | 0.66 | 0 | +0.66 | |
| Exceptional items | −35.73 (charge) | +5.25 (gain) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Alok Industries reported consolidated revenue of ₹2,070.87 crore, up ₹197.29 crore or 10.5% from ₹1,873.58 crore in H1 FY26. Total income was ₹2,081.75 crore, up ₹147.5 crore or 7.6% from ₹1,934.25 crore.
The company reported a net loss of ₹346.67 crore for the first half of FY27, against a net loss of ₹333.94 crore in H1 FY26. Loss before tax was ₹345.54 crore versus ₹333.49 crore, while EPS was ₹0.70 loss compared with ₹0.67 loss.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 2,071 | 1,874 | +10.5% |
| Profit before tax | −345.54 | −333.49 | |
| Net profit | −346.67 | −333.94 | |
| EPS (₹) | −0.70 | −0.67 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹6,290.86 crore, compared with ₹6,474.55 crore at 31 March 2026. Total equity was negative ₹21,902.57 crore against negative ₹21,527.79 crore, borrowings were ₹25,997.08 crore against ₹26,104.93 crore, and cash was ₹22.68 crore against ₹29.3 crore.
H1 FY27 operating cash flow was ₹213.08 crore, compared with ₹215.93 crore in H1 FY26. Investing cash flow was ₹15.29 crore against negative ₹73.8 crore, financing cash flow was negative ₹226.9 crore against negative ₹90.58 crore, and capital expenditure was ₹47.64 crore against ₹118.85 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 6,291 | 6,475 |
| Total equity | −21,903 | −21,528 |
| Borrowings | 25,997 | 26,105 |
| Cash and equivalents | 22.68 | 29.30 |
| Inventories | 893.11 | 886.49 |
| Trade receivables | 303.69 | 318.43 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 213.08 | 215.93 |
| Cash from investing | 15.29 | −73.80 |
| Cash from financing | −226.90 | −90.58 |
| Capital expenditure | 47.64 | 118.85 |
Source: Company's results filing (XBRL).
How has Alok Industries done over the last 8 quarters?
Revenue has risen year on year in each of the last three quarters, reaching ₹1,078 crore in Q2 FY27. The highest quarterly revenue in the supplied series was ₹1,078 crore, while the lowest was ₹858.24 crore in Q3 FY26; the latest reading was above Q1 FY27’s ₹993.11 crore.
The net loss widened to ₹208.42 crore in Q2 FY27 from ₹138.25 crore in Q1 FY27, although it was lower than the ₹217.63 crore loss recorded in Q3 FY26. EBITDA margin had reached 5.8% in Q1 FY27, compared with 3.8% in Q2 FY27 and a low of negative 4.8% in Q3 FY25.
What did the auditors point out?
The auditors gave unmodified conclusions on the quarterly and year-to-date unaudited consolidated results. Their review was conducted under Standard on Review Engagements 2410, providing moderate assurance and not an audit opinion.
The auditors drew attention to the resolution plan approved by the National Company Law Tribunal and stated that the holding company had accounted for assigned debt at cost, overriding the Indian Accounting Standard requiring recognition at fair value and imputed interest cost. They said their conclusion was not modified in respect of this matter. The report also stated that the financial statements had been prepared on a going-concern basis, citing cash flow projections, improved market conditions and expected growth in the textile industry.
How did Alok Industries shares react?
The filing appeared after market. From the price when the results appeared, the stock was up 0.8% after five minutes, 0.5% after 15 minutes and 1.0% after 30 minutes. It closed the reaction day 1.5% below its pre-results close and was 4.9% lower by the next day’s close and 5.5% lower after five sessions.
The Other Textile Products industry median was unchanged on the reaction day, fell 1.0% by the next day’s close and fell 5.0% after five sessions. Alok Industries therefore underperformed the sector by 1.5 percentage points on the reaction day, 3.9 percentage points by the next day and 0.6 percentage points after five sessions. Earlier results-day moves included declines of 1.3% on 16 July 2026 and 3.8% on 16 October 2025, alongside a rise of 17.4% on 21 April 2025.
| After the filing | Stock | Other Textile Products median |
|---|---|---|
| 5 minutes | +0.8% | |
| 15 minutes | +0.5% | |
| 30 minutes | +1.0% | |
| Reaction day | −1.5% | +0.0% |
| Next day | −4.9% | −1.0% |
| 5 days | −5.5% | −5.0% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 16 July 2026 | −1.3% |
| 16 April 2026 | −0.7% |
| 15 January 2026 | −1.6% |
| 16 October 2025 | −3.8% |
| 17 July 2025 | −5.3% |
| 21 April 2025 | +17.4% |
| 16 January 2025 | −1.4% |
| 14 October 2024 | −1.9% |
Source: MarketPing price-reaction measurement.
How did other Other Textile Products companies do?
Among 61 Other Textile Products companies compared for the quarter, the median revenue growth was 24.1%, above Alok Industries’ 14.5% growth. Of the peers covered by the comparison, 23 grew more slowly than the company and 38 grew faster than it.
The profit comparison covered 64 companies, of which 44 reported higher profit. The peer figures were available as of 4 November 2026.
| Alok Industries revenue growth (YoY) | +14.5% |
|---|---|
| Median of 61 other Other Textile Products companies | +24.1% |
| Companies with slower revenue growth than Alok Industries | 23 of 61 |
| Companies with faster revenue growth than Alok Industries | 38 of 61 |
| Companies whose net profit rose | 44 of 64 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Alok Industries' revenue in Q2 FY27?
Revenue from operations was ₹1,078 crore, up 14.5% from ₹941.09 crore in Q2 FY26 (consolidated).
Did Alok Industries make a profit in Q2 FY27?
No. It reported a net loss of ₹208.42 crore, against a net loss of ₹162.38 crore in Q2 FY26.
What was Alok Industries' EPS in Q2 FY27?
Basic loss per share was ₹0.42, against a loss of ₹0.33 in Q2 FY26.
How did Alok Industries shares react to the Q2 FY27 results?
On the reaction day the stock moved −1.5% from the previous close; the median Other Textile Products stock moved +0.0%.
When did Alok Industries announce its Q2 FY27 results?
On 15 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Standalone And Consolidated Unaudited Financial Results Of The Company For The Quarter And Half Year Ended September 30, 2026. (BSE, 8 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 15 October 2026) · PDF
- Results - Financial Results For Quarter And Half Year Ended September 30, 2026 (BSE, 15 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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