Alok Industries (ALOKINDS) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were reviewed and approved by the Board and Audit Committee on July 16, 2024.

• The company continues to operate as a going concern despite reporting losses and accumulated deficits, supported by improving market conditions and positive EBITDA.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹968.67 crore, down from ₹1,365.49 crore in Q1 FY24 and ₹1,435.43 crore in Q4 FY24.

• Standalone net loss for Q1 FY25 was ₹197.51 crore, compared to a net loss of ₹220.80 crore in Q1 FY24 and ₹206.88 crore in Q4 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹1,006.30 crore, down from ₹1,414.91 crore in Q1 FY24 and ₹1,469.31 crore in Q4 FY24.

• Consolidated net loss for Q1 FY25 was ₹206.87 crore, compared to a net loss of ₹226.14 crore in Q1 FY24 and ₹215.93 crore in Q4 FY24.

• EBITDA for the quarter was ₹30.57 crore.

Outlook and guidance

• Financial results have been prepared on a going concern basis, with management citing improving market conditions and positive cash flow projections.