Alok - Alok Ind promoters stake up to 34% from 29%

Alok Industries has announced its fourth quarter results. The company's Q4 standalone net sales were up at Rs 724.79 crore from Rs 574.08 crore, YoY.

Its standalone net profit at Rs 53.74 crore versus Rs 78.68 crore, YoY

Speaking to CNBC-TV 18 Dilip Jiwrajka, MD at Alok Industries said we would be able to sustain our sales growth and margin expansion because value addition has been key to value improvement.

Excerpts from CNBC-TV18's exclusive interview with Dilip Jiwrajka:

Q: Sales growth of about 26%, PAT of about 24% and your margin expansion has been roughly 34% this quarter; do you hope to sustain it going forward?

A: There are no reasons why we would not be able to sustain it because value addition is a key to our value improvement and since we also went backwards totally into spinning there is an improvement in the margins.

Q: What has been the contribution of exports this quarter and how much in terms of percentage would it amount to?

A: Our exports this year has been Rs 1,025 crore and it is almost 48% of our total sales and in terms of the quarter our exports have been impressive. The exports went up in the same manner as the full year.

Q: On Alok Infrastructure, are you looking at raising more funds for your current ongoing projects?

A: In terms of funds we are looking at some debt funds and maybe some SPV level funds in the company.

Q: To the amount of?

A: Not yet decided.

Q: When are you listing Alok Infrastructure?

A: No plans at the moment.

Q: In this quarter with regards to Alok Infrastructure have there been any sort of creeping acquisitions that have taken place?

A: For Infrastructure we have not done any creeping acquisition but in case of Alok Industries the promoters have upped the stake from 29% to 34%.

Q: There has been news that you have been hiving off your retail business are you looking at listing that as well separately?

A: Not at the moment but since we want it to grow we want to ensure that it gets right platform to grow.

Link to the article: http://www.moneycontrol.com/india/news/results-boardroom/alok-ind-promoters-staketo-34/16/07/336062