Andhra Petrochemicals Ltd — Board Meeting, 06-08-2025: Board Meeting
06-08-2025 | 12:56 pm
06-08-2025 | 12:56 pm
The company reported a net loss of Rs. 8.42 Cr for the quarter ended June 30, 2025, on revenue from operations of Rs. 141.46 Cr. This loss is significantly reduced from Rs. 15.25 Cr in the prior year's comparable quarter, but marks a swing from the Rs. 15.91 Cr profit in the preceding quarter. The company attributes the loss to lower product prices, high raw material costs, and increased competition from imports and substitute products. The board has reconstituted key committees. A significant legal appeal concerning the plant's land lease renewal with Visakhapatnam Port Authority remains ongoing.
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