The Directorate General of Trade Remedies (DGTR) has announced the extension of anti-dumping duty on imports of 2-Ethyl Hexanol from the European Union, United States, and Asian countries. The extended duty period will remain in effect until June 26, 2026, providing continued trade protection for domestic manufacturers.

Trade Remedy Extension Details

The anti-dumping measure covers imports from multiple regions, ensuring comprehensive protection against unfairly priced products entering the Indian market. This extension maintains the existing framework that was established to protect domestic industry from dumped imports.

Impact on Domestic Industry

The extension of anti-dumping duty provides stability and predictability for domestic chemical manufacturers, including Andhra Petrochemicals and other industry players. The measure helps maintain fair competition in the Indian market by preventing the influx of products sold below normal value.

Market Protection Framework

The DGTR's decision reflects the ongoing commitment to protect domestic industry from unfair trade practices. The anti-dumping duty serves as a crucial trade remedy tool, ensuring that domestic manufacturers can compete on level terms with international suppliers.

This extension provides domestic chemical companies with continued protection against predatory pricing practices, supporting the growth and sustainability of India's chemical manufacturing sector. The measure covers a significant period, offering long-term certainty for industry planning and investment decisions.

Andhra Petrochemicals Limited (APL) has reported a mixed financial performance for the quarter and half-year ended September 30, 2025. The company's unaudited financial results, approved by the Board of Directors on November 1, 2025, reveal a turnaround in quarterly performance despite ongoing challenges.

Quarterly Performance

APL posted a profit before tax of Rs. 110.47 lakhs for the quarter ended September 30, 2025, marking a significant improvement from the previous quarter's loss of Rs. 930.49 lakhs. This turnaround is particularly noteworthy given the challenging market conditions.

Revenue and Income

The company's total income for the quarter stood at Rs. 17,371.69 lakhs, with revenue from operations contributing Rs. 16,764.30 lakhs. This represents an increase from the previous quarter's total income of Rs. 14,842.52 lakhs.

Half-Year Results

Despite the positive quarterly results, APL reported a loss of Rs. 820.02 lakhs for the half-year ended September 30, 2025. This loss is attributed to the significant loss incurred in the previous quarter.

Financial Highlights

Operational Insights

The company's cost of materials consumed increased to Rs. 13,876.04 lakhs in Q2 FY2026, up from Rs. 12,810.27 lakhs in the previous quarter. Power and fuel expenses also rose to Rs. 1,601.16 lakhs, reflecting the challenging operational environment.

Balance Sheet Position

As of September 30, 2025, APL's total assets stood at Rs. 63,036.37 lakhs, with an equity base of Rs. 51,455.44 lakhs. The company maintains a balance of current assets, including investments and bank balances.

Ongoing Legal Proceedings

APL continues to face legal challenges regarding the renewal of its land lease with Visakhapatnam Port Authority (VPA). The company has filed a writ petition in the Andhra Pradesh High Court, and the matter is currently pending before a division bench. APL has provisionally accounted for lease liabilities based on its bid amount, in accordance with Ind AS 116.

Looking Ahead

While Andhra Petrochemicals Limited has shown resilience in its latest quarterly results, the overall half-yearly performance indicates ongoing challenges. The company's ability to maintain its positive momentum in the face of operational and legal hurdles may be crucial for its future performance.