Andhra Paper Limited (502330) Q2 24/25 earnings summary

Executive summary

• Board approved unaudited financial results for the quarter and half-year ended September 30, 2024, as reviewed by the audit committee and statutory auditors.

• Leadership transition: Shri S K Bangur resigned as Managing Director effective November 4, 2024, to continue as Non-Executive Chairman, with Shri Saurabh Bangur appointed as Managing Director.

• Shareholders to approve changes in leadership roles via postal ballot.

Financial highlights

• Revenue from operations for Q2 FY25 was ₹43,228 lakh, down from ₹48,203 lakh in Q1 FY25 and ₹46,261 lakh in Q2 FY24.

• Net profit after tax for Q2 FY25 was ₹5,149.66 lakh, compared to ₹3,725.97 lakh in Q1 FY25 and ₹10,460.78 lakh in Q2 FY24.

• Total comprehensive income for H1 FY25 was ₹22,530.42 lakh, down from ₹36,074.27 lakh in H1 FY24.

• Basic and diluted EPS for Q2 FY25 stood at ₹2.10, compared to ₹5.04 in Q2 FY24.

Key financial ratios and metrics

• Gross margin for Q2 FY25 was approximately 6.4% (profit before tax/revenue from operations).

• Equity share capital remained at ₹3,977 lakh; reserves (excluding revaluation) at ₹1,85,343.08 lakh as of September 30, 2024.

• Total assets increased to ₹2,63,674.70 lakh as of September 30, 2024, from ₹2,45,095.13 lakh as of March 31, 2024.

• Net cash flow from operating activities for H1 FY25 was ₹3,669.63 lakh, down from ₹31,327.10 lakh in H1 FY24.