PERFORMANCE REPORT

First Quarter Ended 30 June 2011

Celebrating 25 years 1986-2011

TO

EN

SO

LU

TI

AC

RO

SS

TH

To be the world's best integrated textile solutions enterprise with leadership position across products and markets, exc e e d i n g c u s to m e r & s t a ke h o l d e r ex p e c t a t i o n s . The barometer of our success would be reflected by our ROCE

Alok Mission
WE WILL:
Maximize people development initiatives use of all resources Optimize a process driven organization Become compliance and global quality standards Exceed explore potential market & products Actively Offer innovative, customized and value added services

to our customers
Be a knowledge leader & an innovator in our businesses ethical, transparent and responsible global Be an organization

EN

Celebrating 25 Years 1986-2011

VA

LU

Alok Vision

CH

IN

PERFORMANCE HIGHLIGHTS

BUSINESS HIGHLIGHTS: FOR THE QUARTER ENDED 30 JUNE 2011

An increase of 49.68% over quarter ended 30 June 2010 (Rs. 1,098.97 crore) Compared to Rs. 435.85 crore during Q1 2010-11: a growth of 38.16% Growth of 38.57% over corresponding quarter in 2010-11 (Rs. 326.85 crore) An increase of 24.21% over Q1 2010-11 (Rs.46.51 crore) PAT at Rs. 57.77 crore EBIDTA at Rs. 452.92 crore Exports at Rs. 602.19 crore

Sales at Rs. 1,644.89 crore

TM

Integrated Textile Solutions

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2011

(Rs. Crore)

PARTICULARS 1. 2. 3. 4. a] Net Sales / Income from operations Other Income Total Income Total Expenditure (Increase) / Decrease in Stock in trade and work in progress Consumption of raw material Employee Cost Other Expenditure Profit Before Interest & Depreciation Depreciation Interest Profit from ordinary activities Before Tax Provision for Tax Current Net Profit from ordinary activities after Tax Extra ordinary items (Net of tax) Net Profit for the period Paid up Equity Share Capital (Face Value Rs.10/- per equity Shares) Reserve excluding revaluation reserves (as per Balance Sheet of previous accounting year) Earnings Per Share (Rs.) Basic Diluted Aggregate of public share holdings -Number of Shares -Percentage of Shareholding Promoter & Promoter Group Shareholding a) Pledged/Encumbered - Number of Shares - Percentage of Shares (as a % of the total shareholding of promoter and promoter group) - Percentage of Shares (as a % of the total share capital of the Company) b) Non- encumbered - Number of Shares - Percentage of Shares (as a % of the total shareholding of promoter and promoter group - Percentage of Shares (as a % of the total share capital of the Company)
MAT Credit Deferred

1ST QUARTER ENDED 30.06.2011 30.06.2010 [3 months] [3 months] (Provisional) (Provisional) 1,644.89 0.70 1,645.59 1,192.67 (284.66)

b] c] d] 5. 6. 7. 8.

9. 10. 11.

1,090.69 54.96 331.68 452.92 164.97 200.44 87.51 17.50 0.00 12.24 57.77 0.00 57.77 787.79

1,098.97 0.05 1,099.02 772.17 (104.34)

YEAR ENDED 31.03.2011 [12 months] (Audited)

617.36 41.60 217.55 326.85 99.32 157.08 70.45 14.37 0.00 9.57 46.51 0.00 46.51 787.79

6,388.44 6.42 6,394.86 4,638.91 (216.23)

3,567.36 199.75 1,087.63 1,756.35 518.79 654.37 583.19 120.40 (42.25) 100.68 404.37 0.00 404.37 787.79

12. 13. 14.

2,309.79 0.73 0.73

1,928.40 0.59 0.59

2,309.79 5.13 5.13

15.

13,64,27,640 58.96% 9,49,48,711 41.04%

55,64,08,006 70.63%

17.32%

20,22,42,838 90.54% 2,11,33,513 9.46%

56,44,21,927 71.65%

25.67% 2.68%

15,24,27,640 68.24% 7,09,48,711 31.76%

56,44,21,927 71.65%

19.35% 9.00%

12.05%

Celebrating 25 Years 1986-2011

1. The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their meeting held on 29 July 2011. The same are subject to Limited Review by the statutory auditors of the Company. NOTES:

2. Total Income has increased by 49.73% over the corresponding quarter of the previous year to reach Rs. 1,645.59 crore. Domestic sales increased by 57.24% over Q4, 2009-10 to reach Rs.1,042.70 crore, while export sales was Rs.602.19 crore an increase of 38.16%

3. The Board of Directors of the company have considered and approved the proposal for amalgamation of Grabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in the Scheme of Amalgamation placed before the Board, subject to necessary approvals from the statutory and regulatory authorities. The swap ratio as determined by M/s Ernst & Young Pvt Ltd., independent valuer and the fairness report provided by M/s Fortune Financials Services (India) Ltd. and as approved by the Board is 1 (One) fully paid equity share of Rs. 10/ each of the company to be issued and allotted for every 1 (One) fully paid equity share of Rs. 10/ each held in GAIL. 4. The company has contracted the following deals relating to real estate held by its wholly owned subsidiary: iii. Seventy Three Acres of land at Silvassa have been agreed to be sold to six different parties. i. ii. One floor out of Eight floors in Ashford Centre, Lower Parel have been sold to a reputed domestic NBFC;

Two commercial floors out of Twenty floors in Tower B of Peninsula Business Park, Lower Parel have been leased out to a leading FMCG MNC;

5. The Board considered and recommended equity dividend of 2.5% i.e. Rs. 0.25 per equity share for the financial year ending March 31, 2011, subject to the approval of the members at the Annual General Meeting, which has been fixed for Thursday the 29 September 2011. 7. The entire operations of the Company relate to only one segment viz., textiles. The risk and returns are generally perceived by the management to be the same for all units and thus treated as one segment. 6. No. of investor complaints at the beginning of the quarter were NIL, received during the quarter were 16, disposed off during the quarter were 16 and lying unsolved at the end of the quarter were NIL.

8. The figures of previous quarter/period have been reclassified/ regrouped wherever necessary to correspond with those of the current quarter/period. For ALOK INDUSTRIES LIMITED DILIP B. JIWRAJKA Place: Mumbai Date: 29 July 2011 Managing Director Sd/By order of the Board

TM

Integrated Textile Solutions

MAJOR MILESTONES OF LAST 25 YEARS

1986

1993

1995

1996

1997

1998

2000

2001

2002

Incorporation

IPO of Rs. 4.50 crores

Turnover of Rs.100 crores

Rights Issue of Rs. 14.98 crores

Collaboration with Grabher, Austria to form Grabal Alok Impex Ltd. for manufacture of embroidery

Private placement of Rs. 15 crores to Century Direct Fund (Mauritius)

Turnover of Rs. 350 crores

Rights Issue of FCDs of Rs. 51 crores. Turnover surpasses Rs. 550 crores Expansion of weaving and wider width processing capacities under TUFS of Rs.225 crores

Celebrating 25 Years 1986-2011

2003

2004

2005

2006

2007

2008

2009

2010

2011

Export Trading House Status awarded. Foray into home textiles.

Completed Phase I & II expansion drive FCCB issue of USD 70 mn. FCCB issue of USD 35 mn.

Rights Issue Rs.450 crores Completed integration of polyester by continuous polymerization capacity of 600 tpa. Embarked on phase IV of expansion project aggregating to Rs. 1180 crores Raised ECB equivalent to USD 90 mn Acquire stake in UK retail store twenty one

Turnover surpasses Rs.1000 crores (Exports exceeded Rs.100 crores) Mezzanine Finance Transaction of Rs.101 crores with CLSA group Initiated Phase I & II of Rs. 1175 crores

Turnover Rs. 6388 crores, export Rs. 2217 Crores. IMC -Ramakrishna Bajaj Award for manufacturing. Expansion of polyester from 600 tons/day to 1400 tons/day Recognised Star Trading House

ISO 9001:2000 certification obtained Foray into domestic retailing under the name H&A Embarked on Phase III of expansion project aggregating to Rs. 1100 crores Acquisition of Mileta International (60% stake), a company based in Czech Republic Contracted to acquire premium properties admeasuring about 7,00,000sq. feet. In Lower Parel Turnover - Rs. 1800 crores with exports - Rs. 640 crores

Turnover Rs. 4311 crores, export Rs. 1500 crores QIP Rs.425 crores Added terry towel to its home textile range

TM

Integrated Textile Solutions

KEY FINANCIAL INDICATORS SINCE INCEPTION TO FY 2011

(Rs. Crore)
PARTICULARS Net Sales Export Sales EBITDA Profit after Tax (PAT) Net Cash accruals Equity Share Capital Reserves Application Money/Warrants Deferred Tax Tangible Net Worth Gross Block Net Block Total Borrowings G.P. to Net Sales (%) PAT to Net Sales (%) Return on Capital Employed Net Debt: Equity Dividend (%) EPS Book Value 31.03.2011 (12 months) (2217.43) 404.37 1025 6388.44 31.03.2010 (12 months) 4311.17 688.93 247.34 31.03.2009 (12 months) 2976.93 188.37 496.7 31.03.2008 (12 months) 2170.41 366.86 167.73 31.03.2007 (12 months) 1824.68 273.75 135.18 31.03.2006 (12 months) 1420.70 190.50 100.1 109.21 31.03.2005 (12 months) 1224.50 118.89 75.1 3.32 89.25 31.03.2004 (12 months) 1068.85 98.86 218 71.08 31.03.2003 (12 months) 795.41 61.54 42.31 31.03.2002 (12 months) 564.97 51.22 2.64 37.91

1756.36 787.79

(1558.99)

1272.48 1928.4 787.79

(1054.5)

822.61

(1036.89) 547.75

(641.71)

410.96

(394.55)

301.26

(306.53)

244.53

(111.48)

198.40 88.23

(26.620

137.14 87.69

(21.65)

98.14

10075.51 8488.39 11.53% 2.50% 39.32 5.13 2.36 27.49% 6.33% 9653.56

3605.24

2309.79 507.66

8215.61 29.52% 2.50% 34.48 4.57 9.52% 2.28 5.74%

7145.11

8509.68

3123.17

406.98

1410.39 6692.71 27.63% 7.50% 89.1 9.64 8.20% 3.03 6.33% 5983.86

6596.35

2063.03

307.97

196.97

147.70

1134.01 4368.05 25.24% 6.96% 76.47 11.4 2.49 7.73% 3891.3

5767.31

1641.82

210.48

187.17

110.16

3336.76 22.52% 8.41% 2.19 9.7 60.13 7.41%

1166.26 2954.2 2583.8

854.07

141.82

170.37

650.06 2121.89 21.21% 8.33% 51.28 6.68 1.85 7.69% 1874.24

157.47

2212.5

907.63

460.73 1047.57 19.99% 7.29% 7.25 1.35 879.27

134.02

1403.24 10.90% 44.38

673.17

690.84 18.56% 6.65% 7.90 1.97

579.53

902.09

378.17

50.52

21.42

161.58 453.59 17.24% 5.32% 7.36 1.84 380.39 36.33 285.6

549.17

355.04 17.37% 6.71% 11.77 1.62 307.3

401.51

236.81

140.85 51.03

42.29

12.00%

14.00%

12.00%

12.00%

10.00% 34.20

13.89%

10.00% 28.43

14.03%

10.00% 43.31

13.37%

Celebrating 25 Years 1986-2011

(Rs. Crore)
31.03.2001 (18.74) 37.76 29.47 76.21 (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (12 months) (15 months) (9 months) (9.37) 26.27 21.38 60.86 (6.1) 16.4 44.7 (3.17) 10.80 1.13 10.22 26.94 (2.77) 17.96 9.71 7.86 6.23 (0.1) 8.21 6.02 (1.6) 6.14 4.88 8.73 (2.87) 1.04 3.6 1.92 3.52 443.29 31.03.2000 322.17 31.03.1999 238.18 14.96 1.35 46.2 31.03.1998 196.71 31.03.1997 167.97 1.03.1996 120.55 14.25 13.1 3.74 31.03.1995 81.72 31.03.1994 55.84 31.12.1992 (0.18) 0.94 1.45 0.8 26.43 31.03.1992 (12 months) (12 months) (12 months) (17 months) (12 months) 16.53 0.67 0.53 1 31.03.1991 15.88 0.24 0.11 0.5 31.03.1990 8.92 31.03.1989 0.38 30.10.1987 0.04 -

10.00% 46.38 10.39

14.61% 1.65

17.19% 6.65%

285.16

195.82

227.89

160.96

103.13 29.48

28.35

10.00% 36.97 8.91

15.59% 1.58

17.07% 6.00%

209.32

123.99

144.94

116.81

13.95

75.04

27.82

23.64 130.08 5.35% 8.98 2.44 71.19

20.00% 29.54

14.97%

15.98%

183.68

116.75

20.00% 34.22 8.8

12.70% 3.46

13.70% 5.20%

145.88

105.25 98.15

40.89

28.14

11.62

20.00% 33.91 16.25

14.44% 2.14

10.69% 3.71%

73.47

54.79

62.23

32.93

23.22

20..00% 64.39 16.10

16.23% 1.89

11.82% 4.99%

47.28

35.35

45.24

24.08

7.24

20.00% 30.75 13.01

19.46% 2.85

10.56% 5.97%

33.34

21.83

24.84

11.53

7.78

3.75

3.49 7.98 7.09

20.00% 20.32 5.50

18.52% 1.36

3.43%

6.30%

11.92

8.07

15.00% 34.66 10.96

28.77% 0.85

3.03%

5.49%

2.51

3.41

3.76

2.53

0.81

0.99

0.73

10.00% 29.60 21.20

33.00% 2.93

3.21%

6.04%

2.29

1.74

2.15

0.74

0.49

0.25

21.95% 15.40 4.40 4.53 -

6.93%

3.15%

1.89

1.22

0.38 -

0.14

0.25

(0.11) (0.12) 1.28 1.42 0.27 0.14 0.25 0.02

0.21

(0.03) (0.03) 1.36 1.39 0.37 0.14 0.25

0.01

14.57% (4.40) 10.96 4.10 -

-1.23%

2.35%

1.167

-7.89% 0.67% (1.20) 14.57 3.09 -

2.63%

1.13

0.75% -

2.29%

0.03 -

0.03

0.03

0.03 -

840.29

TM

Integrated Textile Solutions

KEY DEVELOPMENTS IN THE QUARTER

The `H&A chain of stores opened an additional 20 shops during the quarter; taking the total number to 311 (including shop-in-shop); target is to have about 500 stores operational by March 2012. In Annual Survey, Franchise India has ranked H&A as one of the top 100 franchising opportunities in India for 2011

`Store Twenty One, the UK retail chain of value-format stores continued to do reasonably well during the quarter. Grabal Alok (UK) Ltd, the Company that operates these stores continued to generate positive EBIDTA of 0.71 mn. The sales for Q1 2011-12 was at 31.47 mn as compared to 30.84 mn in the corresponding quarter of the previous period. As of today, there is a total of 219 stores

Credit Analysis and Research Ltd (CARE) has maintained CARE A+ rating for the Companys long term facilities, while rating for the Companys short term commercial paper/MIBOR linked short term NCDs have been upgraded and assigned CARE A1+ rating One floor out of Eight floors in Ashford Centre, Lower Parel have been sold to a reputed domestic NBFC; The company has contracted the following deals relating to real estate held by its wholly owned subsidiary: Two commercial floors out of Twenty floors in Tower B of Peninsula Business Park, Lower Parel have been leased out to a leading FMCG MNC;

The Board of Directors of the company have considered and approved the proposal for amalgamation of Grabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in the Scheme of Amalgamation placed before the Board, subject to necessary approvals from the statutory and regulatory authorities. The swap ratio as determined by M/s Ernst & Young Pvt. Ltd., independent valuer and the fairness report provided by M/s Fortune Financials Services (India) Ltd. and as approved by the Board is 1 (One) fully paid equity share of Rs. 10/ each of the company to be issued and allotted for every 1 (One) fully paid equity share of Rs. 10/ each held in GAIL.

The Company has intensified efforts to sell / lease its prime commercial properties at Lower Parel, Mumbai (held by wholly owned subsidiaries) and is confident of making significant progress in this direction by the year end Celebrating 25 Years 1986-2011

Seventy Three Acres of land at Silvassa have been agreed to be sold to six different parties

KEY FINANCIALS AT A GLANCE

PROFIT AND LOSS: FOR THE QUARTER Rs. Crore
PROFIT & LOSS ACCOUNT Domestic Sales 1,042.70 602.19 54.96 0.70 806.03 Q/ENDED 30 JUNE 2011 % to Sales Q/ENDED 30 JUNE 2010 435.85 41.60 0.05 663.12 % to Sales % Change 57.24% 38.16%

PBT PAT

Less: Provision for Taxes Current Tax Deferred Tax

Interest & Finance Costs

Depreciation EBIT

EBIDTA

People Costs

Other Expenses

Material Costs

TOTAL INCOME

Other Income

Net Sales

Export Sales

1,645.59 164.97 287.95 87.51 452.92 331.68

1,644.89

200.44

17.50

12.19% 5.32% 1.81%

10.03% 17.51%

27.53%

20.16%

49.00% 3.34%

1,099.02 217.55 326.85 70.45 99.32 513.02

1,098.97

157.08

227.53

20.70% 14.29% 6.41% 2.18%

19.80% 29.74% 9.04%

46.68% 3.79%

1300.00% 38.57% 66.10% 57.11% 32.12% 52.46% 49.73%

49.68%

26.55% 27.60% 24.22%

12.24

57.77

3.51%

14.37

46.51

9.57

4.23%

24.24%

24.21%

TM

Integrated Textile Solutions

DIVISIONAL PERFORMANCE
DIVISIONAL PERFORMANCE : FOR THE QUARTER Rs. Crore
PARTICULARS 3 M YTD ENDED 30 JUN 2011 EXPORT TOTAL % TO TOTAL SALES LOCAL 3M YTD ENDED 30 JUN 2010 EXPORT TOTAL % TO TOTAL SALES 39.92% 44.00% 16.53% 4.08% 32.12% 2.84% LOCAL CHANGE

COTTON YARN WOVEN APPAREL FABRIC KNITTING HOME TEXTILES GARMENTS POLYESTER YARN TOTAL

488.97 525.06 36.09 3.77 3.17

28.95

116.84 155.06 231.59 38.22

14.15

605.81 680.12 235.36 74.31

43.10

36.82% 41.34% 14.31% 4.52%

2.62%

397.02 420.30 11.50 23.28

19.07

1,042.70

481.75

602.19 1,644.89 100.00%

161.86

39.53

643.61

42.70

39.13%

2.60%

663.12

210.44

1.81

170.16

63.32

21.59

41.73

30.53

438.75 483.62 181.66 44.87

49.60

4.51% (13.10%) 38.08% 65.61% 36.95%

40.63%

435.85 1,098.97 100.00%

142.47

29.37

352.91

31.18

29.56%

49.68%

82.37%

DIVISIONAL PERFORMANCE: RELATIVE SHARE IN TOTAL SALES Q1 JUNE 2011 Q1 JUNE 2010

10

Celebrating 25 Years 1986-2011

FINANCIAL POSITION
SUMMARY PROFIT & LOSS ACCOUNT: FOR THE QUARTER Rs. Crore
NET SALES
PARTICULARS 3M ENDED 30 JUN 2011

INTEREST PBT PAT

PBIT

DEPRECIATION

MISC. EXP. W/OFF

EBIDTA

1,644.89 287.95 222.74 87.51 57.77 164.97 0.00 452.92

3M ENDED 30 JUN 2010

1,098.97 227.53 157.08 145.83 145.83 70.45 46.51 326.85 99.32 0.00

OPERATING NET CASH ACCRUALS

CASH PROFIT

200.44 222.74

SUMMARY BALANCE SHEET

Rs. Crore PARTICULARS TANGIBLE NET WORTH TOTAL BORROWINGS TOTAL LIABILITIES NET FIXED ASSETS CURRENT ASSETS TOTAL ASSETS AS ON 30 JUN 2011 AS ON 31 MAR 2011 (Audited)

TOTAL LONG TERM BORROWINGS DEFERRED TAX LIABILITY TOTAL INVESTMENTS

TOTAL SHORT TERM BORROWINGS

3,150.84 7,505.00 2,394.08 9,899.07 494.20

3,097.58 7,129.67 2,523.89 9,653.56 507.66

13,544.11

13,258.80

Foreign Currency Translation Monetary A/c CURRENT LIABILITIES NET CURRENT ASSETS

8,689.36 187.53 0.00

5,551.57 884.35

8,488.39 167.20 (0.22)

13,544.11

4,667.22

5,579.46 976.03

13,258.80

4,603.43

TM

Integrated Textile Solutions

11

FINANCIAL POSITION
CASH FLOW Rs. Crore
PARTICULARS NET CASH GENERATED FROM OPERATING ACTIVITIES NET CASH USED IN INVESTING ACTIVITIES NET FLOW CASH AND CASH EQUIVALENTS NET CASH GENERATED FROM FINANCING ACTIVITIES AT THE BEGINNING OF THE PERIOD Q1 2011-12 (Provisional) (38.68) Annual 2010-11 (Audited) 1,135.50 309.22 369.37

(486.09) (567.81)

(43.05)

(1195.66)

NET INCREASE IN CASH AND CASH EQUIVALENTS

AT THE END OF THE PERIOD

1,099.37 (567.81) 531.56

309.22

897.19

587.97

KEY RATIOS
PARTICULARS Profitability Ratios EBITDA (%) Profit Before Tax Margin (%) Profit After Tax Margin (%) Return on Net worth (%) Return on Capital Employed (%) Balance Sheet Ratios Net Debt (Long Term) Equity including Deferred Tax Liability Net Total Debt Equity including Deferred Tax Liability Net Total Debt / EBITDA Current Ratio Coverage Ratios PBDIT/Interest Debtors Turnover Days Inventory Turnover Days 30-JUN-11 (3 Months) (Provisional) 2010-11 (12 Months) (Audited) 2009-10 (12 Months) (Audited)

27.53% 5.32% 3.51% 6.34% 10.33% 1.88 2.53 5.09 1.69 2.26 89 136

27.49% 9.13% 6.33% 11.22% 11.53% 1.66 2.36 4.85 1.59 2.68 98 114

29.52% 8.69% 5.74% 7.92% 9.52% 1.62 2.28 5.59 1.83 2.38 93 125

12

Celebrating 25 Years 1986-2011

FINANCIAL POSITION
SHARE CAPITAL AND TANGIBLE NET WORTH Rs. Crore
AS ON PARTICULARS SECURITIES PREMIUM RESERVE GENERAL RESERVE P&L ACCOUNT OTHERS EQUITY CAPITAL 30 JUN 2011 787.79 880.39 274.98 888.32 3,150.84 319.36 31 MAR 2011 (Audited) 787.79 880.39 274.98 921.60 3,097.58 232.82

TANGIBLE NET WORTH

LOANS: LONG AND SHORT TERM Rs. Crore

PARTICULARS SECURED LOANS AS ON 30 JUN 2011 7,398.24 106.75 31 MAR 2011
(Audited)

UNSECURED LOANS SECURED LOANS

TOTAL LONG TERM BORROWINGS (A) UNSECURED LOANS WORKING CAPITAL BORROWINGS TOTAL BORROWINGS (A+B) NET BORROWINGS LESS: CASH & BANK BALANCES

7,505.00

1,072.30 205.24

6,967.45 162.22

7,129.67

TOTAL SHORT TERM BORROWINGS (B)

2,394.08

9,899.07

9,230.01

(669.06)

1,116.54

1,092.71 264.95

2,523.89

(1,141.21) 9,653.56 8,512.35

1,166.23

TM

Integrated Textile Solutions

13

FINANCIAL ANALYSIS
FIXED ASSETS Rs. Crore
PARTICULARS AS ON 30 JUN 2011 31 MAR 2011 (Audited) 9,297.49 1,149.33 10,446.82 (1,757.46) 8,689.36

FIXED ASSETS CAPITAL WORK IN PROGRESS GROSS FIXED ASSETS LESS: DEPRECIATION NET FIXED ASSETS

9,014.31 1,061.20 10,075.51 (1,587.12) 8,488.39

NET CURRENT ASSETS Rs. Crore

INVENTORIES DEBTORS CASH & BANK BALANCES LOANS & ADVANCES TOTAL CURRENT ASSETS SUNDRY CREDITORS OTHER CURRENT LIABILITIES PROVISIONS TOTAL CURRENT LIABILITIES NET CURRENT ASSETS PARTICULARS AS ON 30 JUN 2011 31 MAR 2011 (Audited) 2,483.76 1,995.61 1,630.70 1,708.67 669.06 1,141.21 768.05 733.97 5,551.57 5,579.46 795.18 844.27 66.26 68.97 22.91 62.79 884.35 976.03 4,667.22 4,603.43

CAPACITIES
Divisions SPINNING HOME TEXTILES Processing Weaving Terry Towels APPAREL FABRIC Processing Woven Weaving Knits GARMENTS POLYESTER DTY FDY POY & Chips 14 Units Tons (Spindles) Current Capacities 69,040 ( 3,43,840) 82.5 68 6,700 Capacities under Implementation 10,960 (68,000) 22.5 24 6,700 Capacities Post Expansions 80,000 (4,11,840) 105 92 13,400

mn mtrs mn mtrs Tons

mn mtrs mn mtrs Tons mn pcs Tons Tons Tons

1,14,000 65,700 3,00,000

105 93 18,200 22

56,000 2,00,000

21 17 6,800 -

1,70,000 65,700 5,00,000

126 110 25,000 22

Celebrating 25 Years 1986-2011

CAPITAL INFORMATION
SHARE PRICE AND VOLUMES
Month Apr-11 Jun-11 BSE (In Rs. per share) High 27.8 28 Low 23.75 22 10,04,62,800 Volume 5,12,69,100 NSE (In Rs. Per share) High 27.8 27.9 Low 21.8 35,73,98,800 Volume 20,61,21,600 22,14,77,800

May-11

28.5

22.85

5,13,09,300

28.5

23.75 22.8

SHARE PERFORMANCE VIS-A-VIS STOCK MARKET INDICES

Note: Share prices and indices indexed to 100 as on 1 April 2011 EQUITY INFORMATION
Equity as on 30 JUN 2011 Closing Price as on 30 JUN 2011 3-Month High Low Market Capitalisation as on 30 JUN 2011 (Rs) High: 28.50 Low: 22.00 25.20 BSE 78.78 crore

1,985.26 crore

High: 28.50 Low: 21.80

25.15 NSE

SHAREHOLDING PATTERN
Banks, Mutual Funds And FIs Promoters SHAREHOLDER ENTITIES FIIs, NRIs And OCB CURRENT QUARTER 11.69% 29.37% PREVIOUS QUARTER 13.41% 28.35%

58.96% of the promoters holding have been pledged with FIIs, MFs and other lenders as part of loan conditions. This represents a sum total of 13,64,27,640 equity shares
Total 100.00% 100.00%
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Other Corporate Bodies and Public

38.26%

20.68%

35.12%

23.12%

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CAPITAL INFORMATION
TOP TEN SHARE HOLDERS AS AT 30 JUN 2011 Sr. No Name of Shareholder 1 2 3 4 5 6 7 10 8 9 Promoters Caledonia Investments PLC IFCI Limited Macquarie Bank Limited Axis Bank limited IDBI Bank Ltd Sub-total Total BNP Paribas Arbitrage Other Share Holders Life Insurance Corporation of India 231,376,351 81,391,489 26,964,136 25,897,416 21,440,823 18,680,000 17,300,000 12,602,457 12,256,650 458,697,483 329,086,874 10,788,161 Number of Shares % Holding 29.37% 10.33% 3.42% 3.29% 2.72% 2.37% 2.20% 1.60% 58.23% 41.77% 1.56% 1.37%

Indus Capital Advisors (UK) LLP A/C Indus India Fund (Mauritius) Ltd IL&FS Trust Company Limited A/C IL&FS Private Equity Trust Leverage India Ltd

787,784,357 BOARD OF DIRECTORS

100.00%

Sr. No Full Name 3 2

11

10

Maya Chakravorty

David Paul Rasquinha

Muthu Venkatavarada Iyengar Mudambai

Thankom Thomas Mathew

Timothy Charles William Ingram

Kandarp Ratanchand Modi

Ashok Girdharidas Rajani

Chandra Kumar Govindram Bubna

Surendra Bhagirathmal Jiwrajka

Dilip Bhagirathmal Jiwrajka

Ashok Bhagirathmal Jiwrajka

Independent Nominee Director - Exim Bank Independent Nominee Director - IDBI Bank

Independent Nominee Director - IFCI Limited

Independent Nominee Director - LIC

Non-Executive Director

Independent Director

Independent Director

Executive Director

Joint Managing Director

Managing Director

Executive Chairman Designation

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Celebrating 25 Years 1986-2011

ECONOMIC OVERVIEW
Activity is slowing down temporarily, and downside risks have increased again. The global expansion remains unbalanced. Growth in many advanced economies is still weak, considering the depth of the recession. In addition, the mild slowdown observed in the second quarter of 2011 is not reassuring. Growth in most emerging and developing economies continues to be strong. Overall, the global economy expanded at an annualized rate of 4.3% in the first quarter, and forecasts for 201112 are broadly unchanged, with offsetting changes across various economies. However, greater-than-anticipated weakness in U.S. activity and renewed financial volatility from concerns about the depth of fiscal challenges in the euro area periphery pose greater downside risks. Risks also draw from persistent fiscal and financial sector imbalances in many advanced economies, while signs of overheating are becoming increasingly apparent in many emerging and developing economies. Strong adjustments credible and balanced fiscal consolidation and financial sector repair and reform in many advanced economies, and prompter macroeconomic policy tightening and demand rebalancing in many emerging and developing economiesare critical for securing growth and job creation over the medium term. INDIA

THE GLOBAL ECONOMY

On the domestic front, a revised and rebased IIP suggests that earlier signals of a growth deceleration The softening of commodity prices over the past three months did not translate into a decline in either GDP growth forecast retained at 8% for FY12
headline wholesale price index (WPI) inflation or non-food manufacturing inflation

in H2, FY12 were exaggerated. Data for April-May 2011 suggests that some moderation might be under way, reflecting in part a lagged response to the monetary tightening that has been effected since October 2009

WPI inflation for March 2012 is revised upward from 6% to 7%, on back of a) any shortfall in rainfall or

its pattern could pose significant risks to food inflation, b) crude oil prices in the near future is uncertain, c) If the Government raises administered fuel prices, the inflation implications are straightforward. If the Government absorbs this in the fiscal accounts, the resultant expansionary impact will add to inflation pressures.

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INDUSTRY OVERVIEW THE TEXTILE INDUSTRY The imports of textile and apparel products by US increased
Global Textile and Apparel Trade from US$ 81 bn in 2009 to US$ 93 bn in 2010, growing by 15%. The imports have recovered from the economic slump in 200809 and growing further. 6.6% from US$ 215 bn in 2009 to US$ 229 bn in 2010. Growth has been slower than US imports primarily due to the prevailing economic downturn in major EU countries

EU imports of Textile and Apparel has increased in 2010 by

remaining competitive in the global apparel market, has been one of the major trends of 2010. While the prices have shown a downward trend recently, the volatility in prices has become an even bigger concerns

The rising prices of cotton, resulting in subsequent difficulty in The unprecedented growth in cotton prices and the scarcity in
its supply have started changing global equations in the textile and apparel market. There is increasing stress on substitutes and volume demand for polyester has started to increase rapidly.

Indian Textile Update

Indias domestic textile and apparel market continued to grow in 2010 on the back of ever increasing consumer demand. Domestic textile and apparel market is estimated to be US$ 52 bn in 2010 and expected to grow further to reach US$ 140 bn by 2020. Indian Domestic Textile and Apparel Market Growth Indian Textile and Apparel Industry Export Growth Along with the growth of global trade, India has emerged as one of the strongest textile and apparel production hubs in the past years. Indias exports have grown at a CAGR of 11% in last 25 years to reach US$ 25 bn in 2010. Further, Indias exports are expected to grow @ 12% to reach US$ 80 bn by 2020. Sources: Technopak, Ministry of Textiles (Govt of India) Source: UN Comtrade, Ministry of Textiles

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Celebrating 25 Years 1986-2011

PRESS RELEASE
Q1 FY12 Net Sales up by 49.68% to Rs. 1,644.89 crore PAT up by 24.21% to Rs. 57.77 crore
Editors Synopsis

Alok Industries Limited

Alok Industries Limited, one of the leading integrated textile companies in India, today reported net sales of Rs. 1,644.89 crore for the quarter ended June 30, 2011, as compared to Rs. 1,098.97 crore in the corresponding period of the last fiscal, registering a growth of 49.68%. Mumbai, 29 July, 2011: Export sales for the quarter ended June 30, 2011 stood at Rs. 602.19 crore, as against Rs. 435.85 crore in the same period of the last fiscal, registering a growth of 38.16%. Earning per share (EPS) for June quarter stood at Rs. 0.73. Dividend for Financial Year 2010-2011 The EBIDTA for the quarter was at Rs. 452.92 crores as against Rs. 326.85 crores in the corresponding quarter of last fiscal year, registered a growth of 38.57%.

For the Quarter ended June 30, 2011: Net Sales up by 49.68% at Rs. 1,644.89 crore EBIDTA increased by 38.57% at Rs. 452.92 crore PAT up by 24.21% at Rs. 57.77 crore

During the June 11 quarter the companys net profit stood at Rs. 57.77 crore, higher by 24.21%, as compared to Rs. 46.51 crore posted in the same quarter of last fiscal year.

The companys board, in a meeting held today, has recommended a dividend of 2.5%, or Rs. 0.25 per share, on the equity shares of Rs 10 each for the financial year 2010 11. The Board of Directors of the company have considered and approved the proposal for amalgamation of Grabal Alok Impex Limited (GAIL) into the company as per the terms and conditions mentioned in the Scheme of Amalgamation placed before the Board, subject to necessary approvals from the statutory and regulatory authorities. Merger of Grabal Alok Impex Ltd with the company

Grabal Alok is promoted by Alok Industries Limited in technical and financial collaboration with Grabal Albert Grabher Gesellschaft m.b.H & Co., of Austria. The company is a manufacturer of all kinds of embroidered products having wide application in home textiles, apparel fabrics and garments. 25th AGM to be held on Thursday, September 29, 2011

The swap ratio as determined by M/s Ernst & Young Pvt Ltd., independent valuer and the fairness report provided by M/s Fortune Financials Services (India) Ltd. and as approved by the Board is 1 (One) fully paid equity share of Rs. 10/ each of the company to be issued and allotted for every 1 (One) fully paid equity share of Rs. 10/ each held in GAIL.

The board has also fixed Thursday, September 29, 2011 as the date for holding the companys Twenty Fifth Annual General Meeting. The meeting will be held at the registered office of the company at Silvassa at 12.00 Noon Commenting on the results, Mr. Dilip Jiwrajka, Managing Director, Alok Industries Limited, said, Our business performance was quite encouraging in Q1 FY 2012 and we were able to achieve satisfactory growth. We are glad to see the continued demand for our products, the widening of the business across product Management Comment
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PRESS RELEASE
segments and geographies. We look forward to encash our real estate investments in subsidiaries, optimize our expanded capacities and reduce cost, which would benefit all stake holders.

On the scheme of amalgamation of Grabal Alok Impex Limited with the company, he said, This corporate action should bring about operational and financial synergies besides enabling focused management attention through a single unified Textile enterprise. About Alok Industries Limited: Established in 1986, Alok Industries Ltd. is amongst the fastest growing vertically integrated textiles solutions provider in India. A diversified manufacturer of world-class home textiles, apparel fabrics, garments and polyester yarns, Alok has capacities of 82.50 mn meters of sheeting fabric and 6700 tons of terry towels for its home textiles business, 105.00 mn meters of apparel width woven fabrics, 18200 tons per annum of knitted fabrics and 22 million pieces per annum of garments. (BSE Code: 521070) (NSE Code: ALOKTEXT) (Reuters Code: ALOK.BO) (Bloomberg Code: ALOK@IN) With the commencement of spinning of cotton yarn (58,500 tons per annum), Alok has achieved complete integration. The company also has a strong presence in the polyester segment with a capacity of 1,14,000 tons per annum of polyester textured yarn supplemented by 2,00,000 tons per annum of POY. The company has a blue chip international customer base comprising of world renowned retailers, importers and brands. For More Information Please Contact: Mr. Sunil O. Khandelwal Mr. Siddharth Kumar/Mr. Ankur Parikh Chief Financial Officer Adfactors PR, Mumbai Alok Industries Ltd Cell : 9833933447/9820092291 Tel: 022-2499 6241 siddharth.kumar@adfactorspr.comankur.parikhadfactorspr.com Email: sunil@alokind.com

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Celebrating 25 Years 1986-2011

Alok's State of the Art Integrated Textile Facilities

Spinning

Weaving

Knitting

Yarn Dyeing

Processing

Processing

Printing

Garments

Madep-ups

Quilting

Schiffli Embroidery

Multi Head Embroidery

"Alok is an 'end-to-end' provider of Integrated Textile Solutions, with five core divisions: Cotton Yarn, Apparel Fabric, Home Textiles, Garments and Polyester Yarn

WPPL