Alok Industries Ltd shares declined by over 3 percent to Rs 15.45 on July 20 at 9:36 am, following the company’s announcement of its financial and operating results for the first fiscal quarter ending June 30, 2023.The textile manufacturer reported a 28.93 percent year-on-year decline in total income at Rs 1,415.66 crore for the quarter ended June FY24, as against Rs 1992.02 crore in the corresponding quarter last year.Its net loss for the quarter widened by 59.73 percent to Rs 226.14 crore in Q1FY24, compared to Rs 141.58 crore in the corresponding quarter of the last fiscal year.Follow our live blog for all market actionAlok Industries Ltd is a textile manufacturing company based in Mumbai. The company has created global sized capacities and expanded its markets across the global territories.

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