On Tuesday, April 22, Alok Industries witnessed a remarkable surge in its stock price, climbing by up to 16% during morning trading on the Bombay Stock Exchange (BSE). This impressive spike followed the release of the company’s financial results for the fourth quarter of FY25, with shares opening at ₹17.36, up from the previous close of ₹16.47. The stock soared to an intraday high of ₹19.50, marking a 25% increase in value for April, potentially ending a seven-month downward trend.

Key Financial Highlights

By 10:10 AM, Alok Industries shares were trading at ₹19.41, reflecting a 17.85% increase. Just weeks prior, on April 7, the stock had hit a 52-week low of ₹13.90, while its highest point in the last year was ₹29.97 on June 19 of the previous year. As of the close on April 21, the stock remains down 45% from its peak.

Positive Earnings Report

So, what fueled this surge in Alok Industries’ stock price following the Q4FY25 results? The textile manufacturer reported a significant narrowing of its consolidated net loss to ₹74.47 crore, a notable improvement from a loss of ₹272.99 crore in the previous quarter and ₹215.93 crore year-over-year. This substantial reduction in losses has evidently piqued investor interest.

Additionally, Alok Industries experienced a 10% sequential increase in consolidated revenue from operations, reaching ₹952.96 crore for Q4FY25. While this figure is down 35% compared to the ₹1,469.31 crore reported in Q4FY24, it does reflect a 10.3% improvement over the ₹863.86 crore in Q3FY25.

Leadership Changes at Alok Industries

In a recent filing, Alok Industries announced a shift in its management team. Anil Kumar Mungad, the company’s Chief Financial Officer, will transition to a new position as Head – Commercial, effective April 30, 2025. Consequently, he will step down as CFO at the close of business on April 29, 2025. The company has appointed Jinendra Jain to take over as CFO from April 30, 2025. Additionally, Hitesh Kanani will resign as Company Secretary and Compliance Officer effective May 2, 2025, with Anshul Kumar Jain stepping into that role starting May 5, 2025.

Shareholding Insights

According to the latest data on shareholding, Mukesh Ambani’s Reliance Industries holds a 40.01% stake in Alok Industries, equating to 1,98,65,33,333 shares as of the end of Q4FY25. Meanwhile, JM Financial Asset Reconstruction Company Limited possesses 34.99% of the company, amounting to 1,73,73,11,844 shares. Both entities are listed under the promoter group. Among public shareholders, foreign portfolio investors own 2.40%, or 11,90,49,288 shares of Alok Industries.

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