THE ANDHRA PETROCHEMICALS LIMITED

Financial Performance (Quarter ended June 30, 2026)

Revenue & Income:

  • Revenue from operations: ₹1,409.06 lakhs (₹14.09 crore)
  • Other income: ₹660.41 lakhs (₹6.60 crore)
  • Total income: ₹2,069.47 lakhs (₹20.69 crore)

Expenses:

  • Cost of materials consumed: ₹0.00 lakhs
  • Changes in inventories: ₹851.63 lakhs (increase)
  • Employee benefits expense: ₹606.62 lakhs
  • Finance costs: ₹237.54 lakhs
  • Depreciation: ₹377.26 lakhs
  • Power and fuel: ₹158.78 lakhs
  • Other expenses: ₹312.96 lakhs
  • Total expenses: ₹2,544.79 lakhs (₹25.45 crore)

Profit/Loss:

  • Loss before tax: ₹(475.32) lakhs (₹4.75 crore)
  • Tax expense (including deferred tax): ₹(150.14) lakhs (tax credit)
  • Net loss for the quarter: ₹(325.18) lakhs (₹3.25 crore)
  • Other comprehensive income: ₹7.09 lakhs
  • Total comprehensive loss: ₹(318.09) lakhs (₹3.18 crore)

Per Share Data (Face Value ₹10 each):

  • Basic EPS: ₹(0.38)
  • Diluted EPS: ₹(0.38)

Capital Structure:

  • Paid-up equity share capital: ₹849.72 lakhs (84,97,160 shares of ₹10 each)
  • Other equity: ₹0.00 lakhs

Comparative Performance

Vs. Previous Quarter (Q4 FY2026 - ended March 31, 2026):

  • Revenue decreased from ₹7,931.59 lakhs to ₹1,409.06 lakhs (82% decline)
  • Net profit of ₹137.56 lakhs in previous quarter turned to net loss of ₹(325.18) lakhs

Vs. Year-Ago Quarter (Q1 FY2026 - ended June 30, 2025):

  • Revenue decreased from ₹14,145.71 lakhs to ₹1,409.06 lakhs (90% decline)
  • Net loss improved from ₹(841.64) lakhs to ₹(325.18) lakhs

Operational Highlights & Exceptional Items

Plant Shutdown:

  • The plant was shut down from March 17, 2026, due to non-supply of propylene by sole supplier Hindustan Petroleum Corporation Ltd. (HPCL)
  • Supply disruption resulted from Government of India's order dated March 5, 2026, due to war between Iran and USA & Israel
  • HPCL agreed to supply 117 MT per day of propylene effective May 11, 2026, based on Government of India directions
  • Management determined HPCL's prices were uneconomical and decided to continue shutdown until August 4, 2026

No Exceptional Items: The quarter had no exceptional items (compared to ₹308.27 lakhs exceptional items in previous quarter)

Legal & Regulatory Matters

Land Lease Dispute with Visakhapatnam Port Authority (VPA):

  • Company initiated lease renewal process in FY2019-20 for 30 years from June 27, 2019
  • APL submitted technical and financial bid as sole bidder; VPA initially accepted bids but later canceled tender
  • APL filed writ petition in Andhra Pradesh High Court challenging cancellation
  • High Court allowed petition on February 25, 2022, directing VPA to execute lease deed
  • VPA appealed to division bench; judgment delivered on November 3, 2025
  • APL has requested VPA to issue tender as per Land Lease Policy guidelines 2015
  • Pending execution, APL provisionally accounts for lease using bid amount per Ind AS 116

Accounting Policies & Notes

  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Figures for quarter ended March 31, 2026, are balancing figures between audited annual figures and published YTD figures
  • Segmental reporting not applicable as company manufactures single product line
  • Previous period figures regrouped for consistency with current period classification

Auditor Review

  • Statutory auditors C V Ramana Rao & Co. conducted limited review pursuant to Regulation 33 of SEBI LODR Regulations
  • Review provides moderate assurance that financial results are free from material misstatement
  • Auditors found no material misstatements in the unaudited financial results