Board approves September 2026 quarter and half-year results; auditor's review conclusion unmodified
Board met on October 15, 2026 (12:45 p.m. to 4:15 p.m.) and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 4 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,077.76 | 941.09 | +14.5% | 993.11 | +8.5% |
| Total income | 1,083.51 | 994.77 | +8.9% | 998.24 | +8.5% |
| Profit before tax | (207.76) | (162.38) | −27.9% | (138.25) | −50.3% |
| Profit after tax | (208.42) | (162.38) | −28.4% | (138.25) | −50.8% |
| Total comprehensive income | (238.27) | (219.84) | −8.4% | (136.55) | −74.5% |
| Basic EPS | (0.42) | (0.33) | −27.3% | (0.28) | −50% |
- Period
- Quarter ended 30.09.2026 (Unaudited)
Auditor's review
Conclusion: Unmodified
- Emphasis of matter (Note 5): per NCLT-approved resolution plan and legal opinion, assigned debt is accounted at cost, overriding Ind AS which would require fair value and imputed interest. Conclusion not modified.
- Other matter: results of subsidiaries and joint ventures not reviewed by their auditors, relied on management-certified information; conclusion not modified.
Notes to the results
- Note 4(a): Sale of 100% stake in Mileta a.s. by step-down subsidiary for EUR 558,825; exceptional loss of Rs. 62.19 crore recognised.
- Note 4(b): Final insurance claim of Rs. 26.46 crore for tornado damage at Silvassa spinning plants recognised as exceptional gain; net exceptional loss Rs. 35.73 crore.
- Note 5: Assigned debt of Rs 17,384.02 Cr under Approved Resolution Plan carries no interest for first 8 years and is measured at cost, overriding Ind AS.
- Note 6: Loss of Rs. 208.42 crore for quarter, accumulated losses Rs. 25,340.03 crore; results prepared on going concern basis citing cash flow projections.
Board meeting outcome
The Board of Directors met on October 15, 2026 from 12:45 p.m. to 4:15 p.m. and approved the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. The results were reviewed and recommended by the Audit Committee and approved by the Board at their respective meetings held today. Chaturvedi & Shah LLP, Chartered Accountants, issued Limited Review Reports carrying unmodified opinions on both statements.
Auditor's review conclusion
- The conclusion is unmodified for the consolidated and the standalone statement.
- The auditor draws attention to Note 5 of the Statement, on the resolution plan approved by the National Company Law Tribunal by order dated March 8, 2019 under section 31(1) of the Insolvency and Bankruptcy Code, 2016, where the assigned debt has been accounted at cost, overriding Ind AS. The conclusion is not modified on this matter.
- The consolidated Statement includes interim financial results of subsidiaries, of which one was reviewed by other auditors, while the results of certain subsidiaries and joint ventures were approved and furnished by the Management and were not reviewed by their auditors. The conclusion is not modified on these matters.
Consolidated results: quarter ended September 30, 2026
- Revenue from operations: Rs. 1,077.76 crore (year-ago quarter: Rs. 941.09 crore)
- Total income: Rs. 1,083.51 crore
- Total expenses: Rs. 1,255.31 crore
- Loss from operations before share of loss of joint ventures and tax: Rs. (171.80) crore
- Exceptional items: Rs. (35.73) crore
- Loss before tax: Rs. (207.76) crore
- Net loss for the period: Rs. (208.42) crore (year-ago quarter: Rs. (162.38) crore)
- Net loss for the half year: Rs. (346.67) crore
- Basic and diluted EPS: Rs. (0.42)
Standalone results: quarter ended September 30, 2026
- Revenue from operations: Rs. 1,036.03 crore (year-ago quarter: Rs. 901.19 crore)
- Total income: Rs. 1,039.68 crore
- Exceptional items: Rs. 26.46 crore
- Net loss for the period: Rs. (145.37) crore (year-ago quarter: Rs. (201.97) crore)
- Net loss for the half year: Rs. (281.57) crore
- Basic and diluted EPS: Rs. (0.29)
What sits inside the exceptional items
- A step down wholly owned subsidiary, Alok Industries International Limited, sold its 100% equity stake in Mileta a.s. for a consideration of EUR 558,825. The Company recognised an exceptional loss of Rs. 62.19 crore, being the difference between the net assets of Mileta a.s. and the sale consideration.
- The Company had shared an insurance claim in the financial year 2024-25 for damage caused by tornado to certain assets of spinning plants at Silvassa. The balance final claim amount of Rs. 26.46 crore received in the current quarter is recognised as an exceptional gain.
- The net impact is an exceptional loss of Rs. 35.73 crore.
What the notes add
- The Company has incurred a loss of Rs. 208.42 crore for the quarter and a loss of Rs. 346.67 crore for the half year ended September 30, 2026, and has accumulated losses of Rs. 25,340.03 crore as at that date.
- It has earned EBITDA of Rs. 11.08 crore for the quarter and EBITDA of Rs. 90.52 crore for the half year. Considering the cash flow projections, improved market conditions and expected growth in the textile industry, the financial statements have been prepared on a going concern basis.
- The Company has completed all the steps as laid down in the Resolution Plan; the resolution applicants had obtained joint control and the Board of Directors was re-constituted on September 14, 2020.
- As per the Approved Resolution Plan, the outstanding debt of Rs 17,384.02 Cr assigned to Resolution Applicants does not carry interest for the first 8 years from the Closing Date, and the assigned debt has been measured at cost.
Balance sheet and cash flow pointers (consolidated)
- Total assets: Rs. 6,290.86 crore as at September 30, 2026 against Rs. 6,474.55 crore as at March 31, 2026.
- Total equity: Rs. (21,902.57) crore as at September 30, 2026.
- Net cash generated from operating activities for the half year: Rs. 213.08 crore.
- Net decrease in cash and cash equivalents for the half year: Rs. (6.62) crore; cash and cash equivalents at the end of the period: Rs. 22.68 crore.
Business context
The Group operates in a single primary business segment, Textiles. Previous quarter figures have been regrouped or reclassified where necessary to make them comparable with the current quarter.
Also from Alok Industries
Alok Industries posted sharply improved quarterly numbers, with profit and margins up significantly, amid signs the Indian textile sector is recovering
16 Oct 2026
Alok Industries posted a sharp jump in profit and margin improvement, with textile sector seen emerging from a weak phase
16 Oct 2026
Step-down subsidiary completes sale of 100% equity stake in Mileta a.s
10 Oct 2026
More numbers
- Net loss for the period - consolidated, quarterRs. 208.42 crore
- Net loss for the period - consolidated, half yearRs. 346.67 crore
- Revenue from operations - standalone, quarter ended Sep 30, 2026Rs. 1,036.03 Crore
- Net loss for the period - standalone, quarter(145.37) Crore
- Net exceptional loss - consolidatedRs. 35.73 crore
- Accumulated losses as at September 30, 2026Rs. 25,340.03 crore
- EBITDA - half year ended September 30, 2026Rs. 90.52 crore
- Total income, latest quarter1,083.51 (Rs. in Crore)
- Total income, year-ago quarter994.77 (Rs. in Crore)
- Total income, previous quarter998.24 (Rs. in Crore)
- Total comprehensive income, latest quarter(238.27) (Rs. in Crore)
- Total comprehensive income, year-ago quarter(219.84) (Rs. in Crore)
- Total comprehensive income, previous quarter(136.55) (Rs. in Crore)
- Profit after tax, latest quarter(208.42) (Rs. in Crore)
- Profit after tax, year-ago quarter(162.38) (Rs. in Crore)
- Profit after tax, previous quarter(138.25) (Rs. in Crore)
- Revenue from operations, latest quarter1,077.76 (Rs. in Crore)
- Revenue from operations, year-ago quarter941.09 (Rs. in Crore)
- Revenue from operations, previous quarter993.11 (Rs. in Crore)
- Profit before tax, latest quarter(207.76) (Rs. in Crore)
- Profit before tax, year-ago quarter(162.38) (Rs. in Crore)
- Profit before tax, previous quarter(138.25) (Rs. in Crore)
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