Andhra Petrochem Q1 FY27 Results (BSE: 500012)
Signal: Loss narrowed
The read
Revenue collapsed 90% YoY due to plant shutdown from 17 Mar 2026; PAT loss narrowed to ₹3.25 Cr on cost reduction and other income; plant remained shut until early August 2026; core operations remain disrupted until economical propylene supply resumes.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹14.09 Cr | -90.0% | -96.9% |
| EBIT | ₹-2.38 Cr | 66.6% | |
| Net profit | ₹-3.25 Cr | 61.4% | |
| EPS | ₹-0.38 | -61.6% | |
| EBIT margin | 9.9% |
P&L walk
Plant shutdown drove 90% revenue collapse; positive EBITDA and narrower PAT loss came entirely from cost reduction and other income, not core operations.
Key positives
- Other income of ₹6.60 Cr cushioned the loss, remaining stable despite shutdown.
- EBITDA turned positive (₹1.39 Cr) from a negative base, aided by aggressive cost reduction.
- Net loss narrowed 61.4% YoY to ₹3.25 Cr, reflecting tight cost control.
Key concerns
- Plant shutdown since 17 Mar 2026 disrupted core operations; revenue down 90% YoY.
- Propylene supply from sole supplier (HPCL) uneconomical; plant remained shut until 4 Aug 2026.
- No raw material consumption in the quarter; gross margin spike is a one-off.
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