Interest and negative other income leave Alok Industries in Rs 208.42 cr loss
Operating profit of Rs 41.29 cr was outweighed by Rs 152.49 cr interest, Rs 66.35 cr depreciation and negative other income of Rs 30.21 cr.
Filed 15 Oct 2026, 19:59 IST · after market close · Alok Industries Ltd (ALOKINDS)
Key takeaways
- Alok Industries reported a consolidated net loss of Rs 208.42 cr in Q2FY27 despite operating profit of Rs 41.29 cr.
- Interest of Rs 152.49 cr, depreciation of Rs 66.35 cr and negative other income of Rs 30.21 cr pushed profit before tax to a loss of Rs 207.76 cr.
- Its 3.83% operating margin was 5.77 percentage points below the 9.6% median for 11 reported Consumer Discretionary peers, the lowest in the set.
Price around the results
Operating profit did not translate to net profit
The consolidated results show a positive operating result, with revenue of Rs 1,077.76 cr against expenses of Rs 1,036.47 cr. That operating surplus was more than absorbed by interest and depreciation, while negative other income added to the drag. Profit before tax was therefore a loss of Rs 207.76 cr, followed by a net loss of Rs 208.42 cr after a tax charge of Rs 0.66 cr.
Margin sits at the bottom of the peer set
Alok Industries' 3.83% operating margin was 5.77 percentage points below the 9.6% median for 11 Consumer Discretionary peers that have reported the quarter. The company ranked first from the bottom, making operating profitability the clearest weakness in the reported quarter.
Results were filed after market close
The consolidated results were filed at 19:59 IST on 15 Oct 2026, after market close. A market response is not covered in this note.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹1,078 cr |
| Other income | ₹-30 cr |
| Expenses | ₹1,036 cr |
| Operating profit | ₹41 cr |
| Operating margin (%) | 3.83% |
| Interest | ₹152 cr |
| Depreciation | ₹66 cr |
| Profit before tax | ₹-208 cr |
| Tax | ₹1 cr |
| Net profit | ₹-208 cr |
| EPS (₹) | ₹-0.42 |
Operating margin of 3.83% compares with a Consumer Discretionary sector median of 9.60% across 11 peers that have reported Q2FY27.
What to watch
- Whether operating margin improves from 3.83% in the next quarter.
- Whether interest declines from Rs 152.49 cr.
- Whether other income turns positive from negative Rs 30.21 cr.