Market Performance
On April 22, 2025, Alok Industries' share price experienced a sharp rise, gaining up to 18.4% intraday on the Bombay Stock Exchange (BSE). The stock opened at ₹17.36, compared to the previous close of ₹16.47, and touched an intraday high of ₹19.50. By approximately 10:10 AM, the stock was trading 17.85% higher at ₹19.41.
As of April 21, the company's stock had declined nearly 45% from its 52-week high of ₹29.97, recorded on June 19 of the previous year. The 52-week low of ₹13.90 was seen recently on April 7. Despite prior losses over seven consecutive months, the stock had gained approximately 25% in April up to this point.
Financial Results: Q4 FY25
Alok Industries released its financial results for the quarter ending March 2025 (Q4 FY25), which showed a reduction in losses and an increase in revenue compared to the previous quarter.
Revenue
- ₹952.96 crore in Q4 FY25
- Down 35% from ₹1,469.31 crore in Q4 FY24
- Up 10.3% from ₹863.86 crore in Q3 FY25
Net Profit / Loss
- Net loss of ₹74.47 crore in Q4 FY25
- Reduced from a net loss of ₹272.99 crore in Q3 FY25
- Improved from a net loss of ₹215.93 crore in Q4 FY24
Management Updates
The company announced several leadership changes in an exchange filing dated April 21, 2025:
- Anil Kumar Mungad, currently the Chief Financial Officer (CFO), will transition to Head of Commercial effective April 30, 2025. He and key managerial personnel will step down as CFO at the close of business on April 29, 2025.
- Jinendra Jain will assume the role of Chief Financial Officer starting April 30, 2025.
- Hitesh Kanani, the Company Secretary and Compliance Officer, has resigned, effective from the close of business on May 2, 2025.
- Anshul Kumar Jain will be the new Company Secretary and Compliance Officer, effective May 5, 2025.
Shareholding Overview
As per the shareholding data for the March 2025 quarter:
- Reliance Industries, led by Mukesh Ambani, held 1,98,65,33,333 shares, representing a 40.01% stake in Alok Industries.
- JM Financial Asset Reconstruction Company Limited owned 1,73,73,11,844 shares or a 34.99% stake.
Both entities are categorized under the promoter and promoter groups.
Among public investors:
- Foreign portfolio investors collectively held 11,90,49,288 shares, accounting for 2.40% of the company's equity.
Summary
Alok Industries' share price climbed significantly on April 22, 2025, following the release of its Q4 FY25 results, which showed reduced losses and an increase in revenue from the previous quarter. Alongside financial improvements, the company also reported changes in its key management personnel and provided updated shareholding data reflecting significant stakes held by Reliance Industries and JM Financial.
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