Alok Industries, India's leading fully integrated textile company with a dominant presence in the cotton and polyester segments reported a foreign exchange loss of Rs 74.57 crores in the September quarter as against a gain of Rs 67.05 crores in the year ago period. Weighed down by rising input costs, the operating EBITDA of the company fell 4.5 per cent at Rs 879.76 crores from Rs 921.65 crores in the year ago period. The company performed well in terms of revenue growth in Q2 FY14, growing at a pace that was faster than any other quarter in the previous year, although net profit declined on account of higher costs and rupee’s depreciation.

Alok Industries’ revenues grew 12.5 per cent at Rs 3,740.67 crores in Q2 FY’14 from Rs 3,324.77 crores in Q2 FY’13. Revenue break-up showed that the company reported a growth in both the domestic and international sales. Growth in domestic revenues was 6.7 per cent during the quarter, but internationally it was 30 per cent.

The situation of Alok Industries clearly indicates that despite the improvement in demand in domestic as well as international markets, the bottom-line continues to stay under pressure as such companies shy away from rising prices amidst global economic slowdown.