Andhra Petrochemicals FY26 Results: Net loss narrows 14% to ₹156.7 crore
- Net loss narrowed 13.8% YoY to ₹156.7 crore in FY26
- Revenue declined 9.2% to ₹4,558.0 crore amid lower product prices
- Operating cash flow turned positive at ₹130.5 crore vs negative ₹567.3 crore in FY25
- Plant production fell to 47,844 MT from 51,489 MT in the previous year
- No dividend declared due to losses; exceptional charges totaled ₹30.8 crore

*this image is generated using AI for illustrative purposes only.
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.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | ₹4,558.0 crore | ₹5,018.9 crore | -9.2% |
| Net Loss | ₹156.7 crore | ₹181.3 crore | -13.8% |
| PBITD | ₹50.9 crore | ₹48.2 crore | +5.5% |
| Finance Cost | ₹89.4 crore | ₹90.4 crore | -1.1% |
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.
Historical Stock Returns for Andhra Petrochemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.98% | -10.21% | -16.53% | -4.01% | -25.08% | -72.46% |
How might the implementation of anti-dumping duties on oxo-alcohol imports specifically impact Andhra Petrochemicals' pricing power and margin recovery in FY27?
Given the 8-10% annual growth in domestic demand, what specific capacity expansion or efficiency projects is the company planning to capture this market share?
To what extent will ongoing geopolitical tensions and trade tariffs disrupt the company's export strategy and supply chain stability for the upcoming fiscal year?


































