Andhra Petrochemicals reports net loss for 2024-25 amid propylene shortages

The Andhra Petrochemicals Limited reported a net loss of INR 18.13 crores for the financial year 2024-25, a significant decline from the net profit of INR 63.40 crores in the previous year. This downturn is attributed to lower production, with Oxo-Alcohols output falling to 51,489 MTs from 70,209 MTs, and sales decreasing to 49,032 MTs from 72,730 MTs. The company cited a short supply of Propylene from HPCL, a sharp drop in international oxo-alcohol prices, subdued market demand, and lower GDP as key factors impacting performance.

Due to the incurred loss, the company's board of directors will not recommend a dividend for 2024-25. However, they propose the re-appointment of V Raghunath and K S S Aditya as directors, and the re-appointment of Dr. (Smt) D Manjulata as a non-executive and non-independent director. Statutory auditor remuneration for 2025-26 is set at INR 9.45 lakhs, and cost auditor remuneration at INR 2.00 lakhs. The company spent INR 2,68,64,978 on CSR activities for the year, with a total CSR obligation of INR 55,39,487 for 2025-26.