Integrated Filing — IndAS



General information about company

Scrip Code 502330
NSE Symbol ANDHRAPAP
MSEI Symbol NOTLISTED
ISIN INE435A01051
Name of company Andhra Paper Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 30-10-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 19-10-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Manufacture and sale of pulp, paper and paperboard
Start date and time of board meeting 30-10-2026   14:30:00
End date and time of board meeting 30-10-2026   15:35:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 06-11-2025
Indicate Company website link for updated RPT policy of the Company www.andhrapaper.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not Applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 42,606.88 81,984.01
Other income 982.12 3,147.61
Total income 43,589.00 85,131.62
2 Expenses
(a) Cost of materials consumed 25,947.61 50,433.76
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,160.23 422.80
(d) Employee benefit expense 4,806.67 9,160.48
(e) Finance costs 533.82 823.82
(f) Depreciation, depletion and amortisation expense 2,760.32 5,459.79
(f) Other Expenses
1 Power, fuel and water 2,819.41 5,509.70
2 Other expenses 4,988.57 8,694.34
Total other expenses 7,807.98 14,204.04
Total expenses 43,016.63 80,504.69
3 Total profit before exceptional items and tax 572.37 4,626.93
4 Exceptional items 0.00 0.00
5 Total profit before tax 572.37 4,626.93
6 Tax expense
7 Current tax (32.66) 595.41
8 Deferred tax 178.09 573.01
9 Total tax expenses 145.43 1,168.42
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 426.94 3,458.51
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 426.94 3,458.51
17 Other comprehensive income net of taxes (684.51) (129.28)
18 Total Comprehensive Income for the period (257.57) 3,329.23
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 3,977.00 3,977.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.21 1.74
Diluted earnings (loss) per share from continuing operations 0.21 1.74
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.21 1.74
Diluted earnings (loss) per share from continuing and discontinued operations 0.21 1.74
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 1,02,848.40
Capital work-in-progress 29,309.08
Investment property 0.00
Goodwill 0.00
Other intangible assets 12.53
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 17,686.26
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Security deposits-Unsecured, considered good 553.85
Total of other non-current financial assets 553.85
Total non-current financial assets 18,240.11
Deferred tax assets (net) 934.59
Other non-current assets
1 Capital advances 3,274.26
2 Prepaid expenses 31.70
3 Balances with statutory / government authorities 3,537.06
Total of other non-current assets 6,843.02
Total non-current assets 1,58,187.73
2 Current assets
Inventories 23,589.56
Current financial asset
Current investments 60,492.07
Trade receivables, current 13,137.07
Cash and cash equivalents 2,025.74
Bank balance other than cash and cash equivalents 310.60
Loans, current 9.33
Other current financial assets
Total of other current financial assets 200.08
Total current financial assets 76,174.89
Current tax assets (net) 0.00
Other current assets
1 Advances recoverable in cash or in kind 2,629.45
2 Prepaid expenses 276.49
3 Balances with statutory / government authorities 2,451.91
4 Export benefits receivable 10.03
5 Balance with DEMAT Broker 10.01
Total of other current assets 5,377.89
Total current assets 1,05,142.34
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 2,63,330.07
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,977.00
Other equity 1,92,293.08
Total equity attributable to owners of parent 1,96,270.08
Non controlling interest
Total equity 1,96,270.08
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 15,015.54
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
Total of other non-current financial liabilities
Total non-current financial liabilities 15,015.54
Provisions, non-current 0.00
Deferred tax liabilities (net) 8,786.02
Deferred government grants, Non-current 0.00
Other non-current liabilities
Total of other non-current liabilities
Total non-current liabilities 23,801.56
Current liabilities
Current financial liabilities
Borrowings, current 13,717.64
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,176.23
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 15,030.98
Total Trade payable 17,207.21
Other current financial liabilities
1 Interest accrued but not due on borrowings 87.01
2 Interest on MSME payables 25.14
3 Trade / security deposits received 2,643.95
4 Payables on purchase of property, plant and equipment 2,954.77
5 Unpaid dividend 49.24
6 Derivative Financial Instruments (at fair value through P&L) 33.05
Total of other current financial liabilities 5,793.16
Total current financial liabilities 36,718.01
Other current liabilities 1,819.64
1 Advances from customers 108.99
2 Statutory remittances 275.14
3 Corporate Social responsibility 167.77
4 Others 1,267.74
Total of other current liabilities 1,819.64
Provisions, current 4,720.78
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 43,258.43
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 67,059.99
Total equity and liabilites 2,63,330.07
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Equity instruments through other comprehensive income (798.72) (150.85)
Total Amount of items that will not be reclassified to profit and loss (798.72) (150.85)
2 Income tax relating to items that will not be reclassified to profit or loss (114.21) (21.57)
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income (684.51) (129.28)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 4,626.93
Adjustments for reconcile profit (loss)
Adjustments for finance costs 823.82
Adjustments for decrease (increase) in inventories 2,717.25
Adjustments for decrease (increase) in trade receivables, current 2,469.88
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 4,487.98
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 21.39
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,288.07
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 226.88
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 5,459.79
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 297.19
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 114.33
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (0.68)
Adjustments for dividend income 173.47
Adjustments for interest income 873.99
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) (681.10)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (1,351.15)
Other adjustments for non-cash items 9.63
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 14,835.82
Net cash flows from (used in) operations 19,462.75
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,776.15
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 17,686.60
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 73,286.09
Other cash payments to acquire equity or debt instruments of other entities 84,719.28
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 2.01
Purchase of property, plant and equipment 10,742.45
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 173.47
Interest received 1,004.05
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (20,996.11)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 9,260.00
Repayments of borrowings 3,628.01
Payments of lease liabilities 137.09
Dividends paid 994.25
Interest paid 782.91
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 3,717.74
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 408.23
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.58
Net increase (decrease) in cash and cash equivalents 408.81
Cash and cash equivalents cash flow statement at beginning of period 1,616.93
Cash and cash equivalents cash flow statement at end of period 2,025.74





Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Andhra Paper Limited The APPM Educational & Cutural Society Entities with joint control or significant influence over entity Any other transaction Lease income 0.00 14-05-2026 0.00 0.00 0.00 Textual Information(1)
2 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Lease Income 11.04 14-05-2026 5.20 0.00 0.00
3 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Rental Expenses 5.28 14-05-2026 2.40 0.00 0.00
4 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Management Contract 35.20 14-05-2026 16.00 0.00 0.00
5 Andhra Paper Limited Veer Enterprises Limted Other Related Party Any other transaction Rental Expenses 31.75 14-05-2026 17.33 8.52 8.52 Textual Information(2)
6 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Rental Expenses 6.56 14-05-2026 3.06 0.00 0.00
7 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Rental Expenses 39.73 14-05-2026 18.06 0.00 0.00
8 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Any other transaction Management Contract Charges 4.23 14-05-2026 2.84 0.00 0.00
9 Andhra Paper Limited Veer Enterprises Limted Other Related Party Any other transaction Management Contract Charges 1.33 14-05-2026 0.70 0.00 0.00
10 Andhra Paper Limited Gloster Cables Limited Other Related Party Purchase of goods or services 75.00 14-05-2026 56.98 65.51 16.10 Textual Information(3)
11 Andhra Paper Limited Saurabh Bangur Managing Director Remuneration Remuneration is as per the Companies Act, 2013 and Shareholders' Approval. 178.20 0.00 0.00 Textual Information(4)
12 Andhra Paper Limited West Coast Paper Mills Limited Holding Company Dividend paid Shareholders approved dividend on 11-08-2026 648.28 0.00 0.00
13 Andhra Paper Limited Sree Kumar Bangur Chairman-Relative of Promoter Any other transaction Sitting Fee NA 1.12 0.00 0.00
14 Andhra Paper Limited Virendraa Bangur Non-Executive Director-relative of promoter Any other transaction sitting fee NA 1.12 0.00 0.00
Total value of transaction during the reporting period 951.29



Text Block

Textual Information(1) The actual value of related party transaction as approved by Audit Committee is Rs.1,300 per annum and the lease income during the half year ended was Rs. 600/-. As the system is allowing only 2 decimal points, we have shown lease income as 0.00 as against actual amount of Rs. 0.006 lakhs
Textual Information(2) Rs. 8.52 Lakhs was SD towards rental property.
Textual Information(3) Opening and Closing O/s payable balance are due to regular Business trade.
Textual Information(4) Remuneration of Rs. 178.20 Lakhs which includes commission of Rs. 77.56 lakhs of FY 25-26