Andhra Petrochemicals Limited adopted its audited financial statements for the year ended March 31, 2026, during its 42nd Annual General Meeting (AGM) held on September 23, 2026. The meeting also saw the reappointment of two directors and the fixing of auditor remuneration for the upcoming fiscal year.

The AGM took place at the ASL Meeting Hall in Tanuku, West Godavari District, Andhra Pradesh. The session began with a two-minute silence in memory of Dr. P Kotaiah, the company’s Chairman, who passed away on July 23, 2026. In his absence, Managing Director Pandyala Narendranath Chowdary was elected as the Chairman of the meeting by the members present.

Key resolutions passed

The members transacted both ordinary and special business as outlined in the notice dated May 27, 2026. All resolutions were passed with the requisite majority.

Governance and attendance

The meeting ensured compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results will be filed separately as per Regulation 44(3). Key committee members, including Audit Committee Chairman Sri P Venkateswara Rao and Stakeholders Relationship Committee Chairman Sri M S R V K Ranga Rao, were present. The statutory auditors’ representative, Sri G Giridhar, also attended.

The proceedings concluded with a vote of thanks to the chair. The company continues to operate under the leadership of its Managing Director following the transition in the chairman’s role.

Andhra Petrochemicals reported a net loss of ₹156.7 crore for FY26, narrowing by 13.8% compared to the ₹181.3 crore loss recorded in the previous year. Revenue from operations declined 9.2% year-on-year to ₹4,558.0 crore, driven by softer realizations in oxo-alcohol prices.

The company’s plant produced 47,844 metric tonnes of oxo-alcohols during the fiscal year, a decrease from 51,489 metric tonnes in FY25. Despite the production dip, sales volume rose slightly to 50,354 metric tonnes from 49,032 metric tonnes the prior year.

Financial Performance

Profit before interest and depreciation stood at ₹50.9 crore, up from ₹48.2 crore in FY25. Finance costs remained stable at ₹89.4 crore, while depreciation and amortization expenses increased marginally to ₹147.3 crore.

The loss before tax was ₹217.2 crore, compared to ₹221.2 crore in FY25. This improvement was partly offset by exceptional items totaling ₹30.8 crore, related to fuel and power purchase cost adjustment charges levied by the Andhra Pradesh Electricity Regulatory Commission for earlier financial years.

What the Numbers Show

While operational profitability (PBITD) improved modestly, the company continues to face margin pressure due to competitive pricing dynamics in Asia, particularly from additional capacity built up in China. The reduction in net loss is largely attributable to a decrease in exceptional charges rather than a significant turnaround in core operational margins, as revenue declined faster than cost reductions.

Balance Sheet and Cash Flow

The company generated positive cash flow from operations amounting to ₹130.5 crore, a stark contrast to the negative ₹567.3 crore recorded in FY25. This improvement was supported by a significant decrease in inventory levels and better management of trade receivables.

Total assets stood at ₹6,231.1 crore as of March 31, 2026, down from ₹6,524.5 crore in the previous year. The company maintained a strong liquidity position with current assets significantly exceeding current liabilities. No dividend was declared for the fiscal year due to the loss incurred.

Operational Updates

The board noted that global geopolitical tensions and trade tariffs continue to impact international trade flows. However, domestic demand for oxo-alcohols remains robust, with an estimated demand of 400,000 metric tonnes per annum growing at 8-10% annually. The company highlighted that anti-dumping duties imposed by the government on imports may support sales realization going forward.