Alok Industries Q2 FY27 Results: Net Loss Widens To Rs 208.42 Crore Despite 15% Revenue Growth

Mumbai - Alok Industries Limited disclosed a wider net loss of Rs 208.42 crore for the quarter ending September 30, 2026, in its unaudited Q2 FY27 financial results. This represents a sharp increase from the Rs 162.38 crore loss reported in the same quarter last year. However, the company's revenue growth remained positive, expanding by 14.5% to reach Rs 1,077.76 crore.

Despite the revenue growth, total expenses surged from Rs 1,162.17 crore to Rs 1,255.31 crore, contributing to the widening loss. The loss before exceptional items and tax amounted to Rs 172.03 crore, up from Rs 167.63 crore in the previous year.

On a quarter-on-quarter basis, revenue saw an 8.5% increase, climbing from Rs 993.11 crore in Q1 FY27 to Rs 1,077.76 crore. Nevertheless, the consolidated net loss widened from Rs 138.25 crore in the prior quarter to Rs 208.42 crore.

For the six months ending September 30, 2026, the company's revenue grew by 10.5% to Rs 2,070.87 crore, while the net loss widened to Rs 346.67 crore, compared to Rs 333.94 crore in the same period last year. The total income for the half-year period was Rs 2,081.75 crore, with total expenses reaching Rs 2,408.76 crore.

The company recorded a net exceptional loss of Rs 35.73 crore during the quarter, which was partly offset by an insurance-related gain of Rs 26.46 crore. However, this was mostly due to the sale of its stake in Mileta a.s., resulting in a loss of Rs 62.19 crore. Canara Bank, on the other hand, reported a 9% rise in net profit to Rs 5,175 crore for Q2, with its stock jumping 4% following the announcement.