Mukesh Ambani-backed Alok Industries share price surges 18% after Q4 results

Alok Industries share price surged as much as 16 per cent in morning trade on BSE on Tuesday, April 22, a day after the Mukesh Ambani-backed company reported its March quarter (Q4) results.

Alok Industries share price opened at ₹17.36 against its previous close of ₹16.47 and rose as much as 18.4 per cent to an intraday high of ₹19.50. With this, the stock has jumped 25 per cent in April so far, looking set to snap its losing streak of the last seven consecutive months.

Around 10:10 AM on Tuesday, the stock traded 17.85 per cent higher at ₹19.41.

Alok Industries share price recently hit a 52-week low of ₹13.90 on April 7 this year. It hit a 52-week high of ₹29.97 on June 19 last year. As of April 21 close, the stock is down 45 per cent from its one-year high level.

Why did Alok Industries' share price rise after the Q4FY25 results?

The textile firm's consolidated net loss narrowed to ₹74.47 crore in Q4FY25 compared to a loss of ₹272.99 crore quarter-on-quarter and ₹215.93 crore year-on-year.

The significant drop in losses seems to have influenced investor sentiment.

A sequential rise of 10 per cent in Alok Industries' consolidated revenue from operations also boosted sentiment.

The company's consolidated revenue for Q4FY25 stood at ₹952.96 crore which was 35 per cent down from the revenue of ₹1,469.31 crore in Q4FY24 but was up 10.3 per cent from ₹863.86 crore in Q3FY25.

Alok Industries: Change in management

In an exchange filing on April 21, the company said the board of directors had noted the resignation letter received from Anil Mungad as the Chief Financial Officer of the company.

Anil Kumar Mungad will assume a new role as Head - Commercial of the Company with effect from April 30, 2025 and consequently he shall cease to be the Chief Financial Officer and key managerial personnel of the company with effect from close of business hours of April 29, 2025.

Meanwhile, the company has appointed Jinendra Jain as the Chief Financial Officer (CFO) of the Company with effect from April 30, 2025.

Hitesh Kanani resigned as the Company Secretary and Compliance Officer of the company with effect from close of business hours of May 2, 2025.

The board of directors of the company has appointed Anshul Kumar Jain as the Company Secretary and Compliance Officer of the company with effect from May 5, 2025.

Alok Industries shareholding pattern

According to shareholding data, Mukesh Ambani's Reliance Industries held 1,98,65,33,333 shares, equivalent to a 40.01 per cent stake, in Alok Industries by the end of the March 2025 quarter.

On the other hand, JM Financial Asset Reconstruction Company Limited held 1,73,73,11,844 shares, or 34.99 per cent stake, in the company.

Both Reliance Industries and JM Financial appear in the company's promoter and promoter group category.

Among the public shareholders, foreign portfolio investors cumulatively held 11,90,49,288 shares or 2.40 per cent stake in the company by Q4FY25.

Read all market-related news here

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.