=|

>

aD

NO.

APL/SEC/QR/12

The

Relationship

Manager,

Corporate

Relationship

Department

The

Bombay

Stock

Exchange

Ltd.,

1°

Floor,

New

Trading

Ring

Rotunda

Building

Phiroze

Jeejeebhoy

Towers

Dalal

Street,

FORT,

MUMBAI

400

001

Dear

Sir,

THE

ANDHRA

PETROCHEMICALS

LIMITED

Regd.

Office

:

VENKATARAYAPURAM

(Tanuku)

-

534

215

West

Godavari

Dist.

(A.P.)

Tel

:

08819-220975,

224755,

224911

(7

Lines)

Fax

:

08819-224168

E-mail

:

investors

@

theandhrapetrochemicals.com

CIN

:

L23209AP1984PLC004635

Website

:

www.theandhrapetrochemicals.com

8

February

2025

SUB:

Un-audited

Financial

Results

along

with

Limited

Review

Report

for

the

Quarter

&

Nine

months

period

ended

31.12.2024

REF:

Company’s

Scrip

code:

500012

KK

We

enclose

herewith

the

copy

of

Un-audited

Financial

Results

for

the

Quarter

&

Nine

months

period

ended

31**

December,

2024

along

with

Limited

Review

Report

issued

by

Statutory

Auditors

of

our

Company

for

your

record.

The

Board

Meeting

was

commenced

at

11.30

a.m.

and

concluded

at

1.00

p.m.

Thanking

you,

Yours

faithfully,

for

THE

ANDHRA

PETROCHEMICALS

LIMITED,

Za

LIAR.

(G.

Adinarayana)——

Chief

Financial

Officer

&

Company

Secretary

Encls:

As

above

(=|>

THE

ANDHRA

PETROCHEMICALS

LIMITED

Regd.

Office

:

VENKATARAYAPURAM

(Tanuku)

-

534

215

West

Godavari

Dist.

(A.P)

Tel

:

08819-224075,

224755,

224911

(7

Lines)

Fax

:08819-224168

E-mail

:

info.tnk

@

theandhrapetrochemicals.com

CIN

:

L23209AP1984PLC004635

Website

:

www.theandhrapetrochemicals.com

UNAUDITED

FINANCIAL

RESULTS

FOR

THE

QUARTER

AND

NINE

MONTHS

ENDED

31ST

DECEMBER

2024

(Rs.

in

lakhs)

3

months

Preceding

|

Corresponding

Nine

Months

Corresponding

:

/

ended

3

months

3

months

ended

Nine

Months

feantlculets

31.12.2024

Peon

4

Pn

31.12.2024

|

ended

31.12.2023

|

746d

91.08.2024

Unaudited

Audited

!

Revenue

from

operations

12452.89

10428.65

13890.91

35843,58

1021.55

78867.35

iH]

Other

Income

690.05

673.02

636.46

2116.45

1867.88

2541.72

Ml

Total

income

(I+ll)

13142.94 11101.67

1452737

3796003

52889.43

81409.07

Vv

Expenses

a)

Cost

of

materials

consumed

10117.92

10384.54 11979.78

31001.27

39294

54

55814.74

b)

Changes

in

inventories

of

finished

goods,

work-in-progress

1693.55

(1765.26)

(2001.51)

(2125.65)

370.41

2964.86

c)

Employee

benefits

expense

685.40 632.62

726,59

1967.49

2038.65

2719.83

d)

Finance

costs

219.76

219.32

217.60

656.09

649.44 866,28

e)

Depreciation

and

amortization

expense

366.18

365.76 372.20

1093.77

1112.87

1482.94

f)

Power

and

Fuet

1240.14

1214.21 1430.11

3793.83

4677.32

6273.03

g)

Other

expenses

773.27

489.59

493.69

1858.33

2057.11

2679.42

Total

expenses

(IV)

15096.22

11540.78 13217.46 38245.13

§0200.34

72801.10

Vv

Profit/(Loss)

before

exceptional

items

and

tax

(III-IV)

(1953.28)

(439.11)

1309.91

(285.10)

2689.09

8607.97

vi

Exceptional

items

-

vil

Profit/(Loss)

before

tax

(V+VI}

(1953.28)

(439.11)

1309.91

(285.10)

2689.09

8607.97

Vill

Tax

expense

(including

deferred

tax)

(437.82)

(76,22)

327,85

2.56

741

84

2267.50

Ix

Profit/(Loss)

for

the

period

from

continuing

operations(VII-VIII)

(1515.46)

(362.89)

982.06

(287.66)

1947.25

6340,47

x

Profit/(Loss)

from

discontinued

operations

= - =

= =

=

Xl

Tax

expense

of

discontinued

operations

- =

- * =

=

Xil

Profit/(Loss)

from

discontinued

operations(after

tax)

(X-XI}

= = = -

=

-

Xill

Profit/(Loss)

for

the

period(IX+XIl} (1515.46)

(362.89)

982.06

(287.66)

1947.25

6340.47

XIV.

Other

Comprehensive

Income

(net

of

tax)

(4.85) (9.71)

-

(14.56)

-

(19.41)

XV

Total

Comprehensive

Income

for

the

period

(XIII+XIV)

(1520.31)

(372.60)

982.06

(302.22)

1947.25

6321.06

(Comprising

Profit/(Loss)

and

other

comprehensive

income

for

the

period)

XVI

Paid-up

equity

share

capital

(Face

Value

Rs.10/-

each)

8497.16

8497

16

8497.16

XVII

Other

equity

= - - - =

47072.17

XVII

Earnings

per

equity

share

(for

continuing

operations)

Basic

(1.78) (0.43)

(0.34)

2.29

7.46

Diluted

(1.78) (0.43)

(0.34)

2.29

7.46

XIX

Earnings

per

equity

share

(for

discontinued

operations)

Basic

- -

-

- = *

Diluted

-

=

<

-

XX

Eamings

per

equity

share

(for

discontinued

&

continuing

operations}

Basic

(1.78) (0.43)

{0.34)

2.29

7.46

Diluted

{1.78}

(0.43)

(0.34)

2.29

7.46

Contd,..2..

a

f

For

The

Andhra

Fetroche

nicats

Lid.

a

(Pendyala

Narendfanath

Chowdary)

Managing

Director

THE

ANDHRA

PETROCHEMICALS

LIMITED,

VENKATARAYAPURAM

CONTINUATION

SHEET

Notes:

=

2i—

The

above

results,

reviewed

by

the

Audit

Committee,

were

approved

by

the

Board

of

Directors

at

its

Meeting

held

on

8th

February,

2025.

The

statutory

auditors

have

carried

out

a

"Limited

Review"

of

financial

resulls

for

the

quarter

ended

31st

December,

2024.

The

unaudited

financial

results

of

the

Company

have

been

prepared

in

accordance

with

the

Indian

Accounting

Standards

(Ind

AS)

as

prescribed

under

section

133

of

the

Companies

Act,

2013

read

with

the

Companies

(Indian

Accounting

Standards)

Rules,

2015

(as

amended).

The

Company

incurred

loss

during

the

quarter

due

to

decreased

selling

prices

of

the

products

and

no

corresponding

reduction

in

raw-material

prices.

The

Hon'ble

Andhra

Pradesh

Electricity

Regulatory

Commission

(APERC),

Kurnool

has

issued

orders

for

levying

Fuel

&

Power

Purchase

Cost

Adjustment

(FPPCA)

for

the

financial

years

2022-2023

and

2023-2024,

The

estimated

liabilities

towards

the

aforesaid

FPPCA

charges

amounted

to

Rs

3.09

crores

&

Rs

3.32

crores

respectively.

The

Company

has

challenged

the

aforesaid

orders

before

Appellate

Tribunal

for

Electricity

(APTEL).

The

charges

towards

FPPCA

against

the

Company

are

not

acknowledged

as

debt

and

hence,

considered

as

contingent

liabilities.

Till

the

disposal

of

appeals

on

merits,

the

Company

has

decided

to

consider

the

monthly

payments

made

towards

the

aforesaid

FPPCA

charges

as

“paid

under

protest",

Segmental

reporting

as

per

Ind

AS-108

issued

by

the

MCA

is

not

applicable,

as

the

Company

is

engaged

in

manufacture

of

a

single

line

of

product

During

the

Financial

Year

2019-20,

the

Company

(APL)

has

initiated

the

process

of

renewal

of

the

Land

Lease

on

which

the

plant

is

located

with

Visakhapatnam

Port

Trust

(VPT)

for

a

further

period

of

30

years

with

effect

from

27.06.2019.

APL

has

submitted

its

Technical

&

Financial

Bid

against

the

tender

floated

by

VPT.

As

APL

was

the

sole

bidder

for

the

Tender,

VPT

accepted

both

Technical

Bid

&

Financial

Bid.

Later

-on,

VPT

has

cancelled

the

tender

and

issued

re-lender.

Aggrieved

by

the

action

of

VPT,

APL

has

filed

a

writ

petilion

under

Article

226

before

the

Hon’ble

High

Court

of

Andhra

Pradesh

The

Hon'ble

High Court

of

Andhra

Pradesh

has

allowed

the

writ

Petition

filed

by

the

APL

seeking

the

cancellation

of

the

order

dated

18,08,2020,

cancelling

the

tender

notification

dated

07.08.2019

and

fresh

tender

notification

dated

24.08.2020'issued

by

VPT

towards

the

lease

of

the

land

and

directed

VPT

to

execute

the

lease

deed,

vide

its

order

dated

25th

February

2022.

Further,

on

19th

March

2022,

APL

has

written

a

letter

to

the

Chief

Engineer,

VPT

requesting

him

to

kindly

finalise

the

land

lease

deed

and

fix-up

the

date

for

execution

of

the

said

lease

deed.

VPT

has

preferred

an

appeal

against

the

Hon'ble

High

Court

of

Andhra

Pradesh

Order

dated

25.02.2022

before

division

bench

of

Hon'ble

High

Court

of

Andhra

Pradesh

and

the

same

is

pending

.

Pending

execution

of

the

lease

deed,

APL

has

considered

provisionally

its

bid

amount

for

accounting

of

“Leases”

in

accordance

with

Ind

AS

116,

till

the

lease

deed

is

executed

ee,

Figures

for

the

have

been

regrouped,

wherever

necessary,

to

conform

to

the

current

period's

classification.

-

Place:

Tanuku

P.

NARENDRANATH

CHOWDARY

Date:

8th

February,

2025

Matiaging

Director

.

DIN:

00015764

\

v

Cx

CVU

Ramana

Race

&

Ca

INDIA

Chartered

Accountants

REPORT

ON

THE

LIMITED

REVIEW

CARRIED

OUT

ON

THE

UNAUDITED

FINANCIAL

RESULTS

OF

‘THE

ANDHRA

PETROCHEMICALS

LIMITED,

TANUKU'

FOR

THE

QUARTER

ENDED

31*

DECEMBER,

2024

PURSUANT

TO

THE

REGULATION

33

OF

THE

SEBI

(LISTING

OBLIGATIONS

AND

DISCLOSURE

REQUIREMENTS)

REGULATIONS,

2015,

AS

AMENDED

(“REVIEW

REPORT”)

To

The

Board

of

Directors

of

The

Andhra

Petrochemicals

Limited

1.

We

have

reviewed

the

accompanying

unaudited

financial

results

of

“THE

ANDHRA

PETROCHEMICALS

LIMITED,

TANUKU”

(the

“Company”)

for

the

quarter

ended

31s

December,

2024

(the

“Statement”),

being

submitted

by

the

Company

pursuant

to

the

requirements

of

Regulation

33

of

the

SEBI

(Listing

Obligations

and

Disclosure

Requirements)

Regulations,

2015,

as

amended

from

time

to

time,

to

the

extent

applicable.

9.

This

statement

is

the

responsibility

of

the

Company’s

Management

and

has

been

approved

by

the

Board

of

Directors

in

the

meeting

held

on

08.02.2025

and

has

been

prepared

in

accordance

with

the

recognition

and

measurement

principles

laid

down

in

Indian

Accounting

Standard

34

"Interim

Financial

Reporting",

prescribed

under

Section

133

of

the

of

Companies

Act,

2013

read

with

relevant

rules

issued

thereunder

from

time

to

time

and

other

accounting

principles

generally

accepted

in

India.

Our

responsibility

is

to

issue

a

report

on

the

Statement

based

on

our

review.

3.

We

conducted

our

review

in

accordance

with

the

Standard

on

Review

Engagement

(SRE)

2410,

“Review

of

Interim

Financial

Information

performed

by

the

Independent

Auditor

of

the

Entity”

specified

under

section

143(10)

of

the

Companies

Act,

2013.

This

standard

requires

that

we

plan

and

perform

the

review

to

obtain

moderate

assurance

as

to

whether,

the

financial

statements

are

free

of

material

misstatement.

A

review

is

limited

primarily

to

inquiries

of

company

personnel

and

analytical

procedures

applied

to

financial

data

and

thus

provide

less

assurance

than

an

audit.

We

have

not

performed

an

audit

and

accordingly,

we

do

not

express

an

audit

opinion.

4.

Based

on

our

review

conducted

as

above,

nothing

has

come

to

our

attention

that

causes

us

to

believe

that

the

accompanying

statement

of

unaudited

financial

results

prepared

in

accordance

with

applicable

accounting

Standards

and

other

recognized

accounting

practices

and

policies

for

the

quarter

ended

31*

December,

2024,

has

not

disclosed

the

information

required

to

be

disclosed

in

terms

of

Regulation

33

of

the

SEBI

(Listing

Obligations

and

Disclosure

Requirements)

Regulations,

2015

(as

amended

from

time

to

time)

including

the

manner

ja-which

it

is

to

be

disclosed,

or

that

it

contains

any

material

misstatement.

Door

No.

1-88-19,

Plot

No.

135/4,

Sector

-

4,

MVP

Colony,

VISAKHAPATNAM

-

530

017,

Andhra

Pr

Phones

:

(91-891)

2754071

E-mail:

cvramanaraocandco

@

gmail.com

Cx

ee

INDIA

Chartered

Accountants

5.

We

draw

attention

to

Note

4

to

the

accompanying

statement

of

unaudited

financial

results,

which

describes

the

effects

of

the

Fuel

and

Power

Purchase

Cost

Adjustment

(FPPCA)

orders

issued

by

Andhra

Pradesh

Electricity

Regulatory

Commission

(APERC)

for

the

financial

years

2022-23

&

2023-24.

Our

conclusion

on

the

Statement

is

not

modified

in

respect

of

this

matter.

For

C

V

RAMANA

RAO

&

CO.,

Chartered

Accountants

.

(Firm

Registration

No.

0029175

Place:

Visakhapatnam

C

QQ.

Date:

08.02.2025

Kya

oy

—

(G.

RAJASEKHAR)

Partner

Membership

No.236023

UDIN:

25236023BMKXUZ7315

Door

No.

1-88-19,

Plot

No.

135/4,

Sector

-

4,

MVP

Colony,

VISAKHAPATNAM

-

530

017,

Andhra

Pradesh,

India.

Phones

:

(91-891)

2754071

E-mail

:

cvramanaraoandco

@

gmail.com