Integrated Filing — IndAS



General information about company
Scrip Code 590062
NSE Symbol ANDHRSUGAR
MSEI Symbol NOTLISTED
ISIN INE715B01021
Name of company THE ANDHRA SUGARS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 29-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 29-May-2025   10:30:00
End date and time of board meeting 29-May-2025   12:50:00
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 Declaration of unmodified opinion



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 5003485000 20196893000
Other income 110304000 454738000
Total income 5113789000 20651631000
2 Expenses
(a) Cost of materials consumed 2511027000 10480823000
(b) Purchases of stock-in-trade 0 270587000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 14054000 424461000
(d) Employee benefit expense 461921000 1809517000
(e) Finance costs 11485000 20220000
(f) Depreciation, depletion and amortisation expense 209744000 807454000
(f) Other Expenses
1 Power and Fuel 868484000 3693122000
2 Other Expenses 630944000 2459478000
Total other expenses 1499428000 6152600000
Total expenses 4707659000 19965662000
3 Total profit before exceptional items and tax 406130000 685969000
4 Exceptional items -238966000 -248250000
5 Total profit before tax 167164000 437719000
6 Tax expense
7 Current tax 61560000 94429000
8 Deferred tax -8517000 15560000
9 Total tax expenses 53043000 109989000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 114121000 327730000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method -52214000 -62061000
16 Total profit (loss) for period 61907000 265669000
17 Other comprehensive income net of taxes 73404000 9916000
18 Total Comprehensive Income for the period 135311000 275585000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 58780000 258816000
Total profit or loss, attributable to non-controlling interests 3127000 6853000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 149525000 287555000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -14214000 -11970000
21 Details of equity share capital
Paid-up equity share capital 271101000 271101000
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 0
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.43 1.91
Diluted earnings (loss) per share from continuing operations 0.43 1.91
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 0.43 1.91
Diluted earnings (loss) per share from continuing and discontinued operations 0.43 1.91
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0.4079 0.4079
26 Interest service coverage ratio 0.1958 0.1958
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act 2013 read with Companies (Indian Accouting Standard ) Rules, 2015 (as amended). n2.The figure for the quarter ended 31st March 2025 & 31st March 2024 are the balancing figure between audited figure in respect of full financial year and published unaudited year to date figures upto 3rd quarter of respective years. n3.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-tender. Aggrieved by the action of VPT, APL has filed a writ petition under Article 226 before the Hon’ble High Court of Andhra Pradesh. nThe 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. nPending 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. n4.Exceptional items for the year ended 31st March 2025 include : na) an amount of Rs.197.37 Lakhs towards provision for Impairment of assets at Power Generation Unit at Tanuku and nb) Rs.2285.13 Lakhs towards provision on account of FPPCA charges demand raised by DISCOMS. The Hon’ble Andhra Pradesh Electricity Regulatory Commission (APERC), Kurnool has issued Orders for levying Fuel & Power Purchase Cost Adjustment (FPPCA) charges for the Financial years 2022-2023 & 2023-2024. The estimated liabilities towards the aforesaid FPPCA Charges amounted to Rs.2228.37 Lakhs and Rs.2285.13 Lakhs respectively. The Company has challenged the aforesaid Orders before the Appellate Tribunal for Electricity (APTEL). The Company has decided to make a provision for Rs.2285.13 Lakhs towards FPPCA charges and balance amount of Rs.2228.37 Lakhs is considered as Contingent Liability. n5.In the case of Associate Company (The Andhra Petrochemical Limited), The Hon’ble Andhra Pradesh Electricity Regulatory Commission (APERC), Kurnool has issued Orders for levying Fuel & Power Purchase Cost Adjustment (FPPCA) charges for the Financial years 2022-2023 & 2023-2024. The estimated liabilities towards the aforesaid FPPCA Charges amounted to Rs.308.27 Lakhs and Rs.332.18 Lakhs respectively. The Company has challenged the aforesaid Orders before the Appellate Tribunal for Electricity (APTEL). The Company has decided to make a provision for Rs.332.18 Lakhs towards FPPCA charges and balance amount of Rs.308.27 Lakhs is considered as Contingent Liability. n6.The Parent company has recommended payment of final dividend of Rs. 0.80/- (i.e 40 %) per equity share of the face value of Rs.2/- each for the Financial Year ended 31st March 2025. n7.The above results of the Company have been reviewed by the Audit Committee meeting held on 28.05.2025 and approved by the Board of Directors at their meeting held on 29.05.2025. n8.Previous period figures have been regrouped wherever necessary to conform to the current period presentation.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 9518470000
Capital work-in-progress 569849000
Investment property 230000
Goodwill 0
Other intangible assets 5811000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 1831408000
Trade receivables, non-current 0
Loans, non-current 65000000
Other non-current financial assets 374697000
Total non-current financial assets 2271105000
Deferred tax assets (net)
Other non-current assets 38305000
Total non-current assets 12403770000
2 Current assets
Inventories 4454741000
Current financial asset
Current investments 1391584000
Trade receivables, current 1935046000
Cash and cash equivalents 256835000
Bank balance other than cash and cash equivalents 308890000
Loans, current 20000000
Other current financial assets 54562000
Total current financial assets 3966917000
Current tax assets (net) 42128000
Other current assets 186641000
Total current assets 8650427000
3 Non-current assets classified as held for sale 21912000
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 21076109000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 271101000
Other equity 15651385000
Total equity attributable to owners of parent 15922486000
Non controlling interest 958135000
Total equity 16880621000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 868239000
Total Trade payable 868239000
Other non-current financial liabilities 27859000
Total non-current financial liabilities 896098000
Provisions, non-current 336242000
Deferred tax liabilities (net) 798728000
Deferred government grants, Non-current 879000
Other non-current liabilities 8055000
Total non-current liabilities 2040002000
Current liabilities
Current financial liabilities
Borrowings, current 133423000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 24007000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1180160000
Total Trade payable 1204167000
Other current financial liabilities 267106000
Total current financial liabilities 1604696000
Other current liabilities 410247000
Provisions, current 140543000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 2155486000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 4195488000
Total equity and liabilites 21076109000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 SUGAR 333606000 1271079000
2 CHLOR-ALKALI 1888468000 7050999000
3 POWERGENERATION 170979000 597130000
4 INDUSTRIAL CHEMICALS 2584234000 10929393000
5 SOAP 840732000 3354348000
6 UNALLOCATED 274440000 1049288000
Total Segment Revenue 6092459000 24252237000
Less: Inter segment revenue 1088974000 1088974000
Revenue from operations 5003485000 20196893000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 SUGAR 15035000 -218837000
2 CHLOR-ALKALI 49201000 308234000
3 POWERGENERATION 3114000 -17561000
4 INDUSTRIAL CHEMICALS 151726000 523719000
5 SOAP 19673000 32504000
6 UNALLOCATED -112314000 -232181000
Total Profit before tax 126435000 395878000
i. Finance cost 11485000 11485000
ii. Other Unallocable Expenditure net off Unallocable income 0 0
Profit before tax 114950000 375658000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 SUGAR 1597667000 1597667000
2 CHLOR-ALKALI 8598896000 8598896000
3 POWERGENERATION 691308000 691308000
4 INDUSTRIAL CHEMICALS 3817122000 3817122000
5 SOAP 628996000 628996000
6 UNALLOCATED 5742120000 5742120000
Total Segment Asset 21076109000 21076109000
Un-allocable Assets 0 0
Net Segment Asset 21076109000 21076109000
4 Segment Liabilities
Segment Liabilities
1 SUGAR 150607000 150607000
2 CHLOR-ALKALI 1926182000 1926182000
3 POWERGENERATION 93929000 93929000
4 INDUSTRIAL CHEMICALS 688543000 688543000
5 SOAP 175232000 175232000
6 UNALLOCATED 1160995000 1160995000
Total Segment Liabilities 4195488000 4195488000
Un-allocable Liabilities 0 0
Net Segment Liabilities 4195488000 4195488000
Disclosure of notes on segments Textual Information(2)



Text Block
Textual Information(2) 1. Segment liabilities were regrouped to include deferred tax liability and non current borrowings.



Other Comprehensive Income
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 items will not be reclassified to profit and loss 76391000 11187000
Total Amount of items that will not be reclassified to profit and loss 76391000 11187000
2 Income tax relating to items that will not be reclassified to profit or loss 2987000 1271000
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 0 0
5 Total Other comprehensive income 73404000 9916000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 437719000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 20194000
Adjustments for decrease (increase) in inventories -115062000
Adjustments for decrease (increase) in trade receivables, current -20197000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -27369000
Adjustments for decrease (increase) in other non-current assets 3686000
Adjustments for other financial assets, non-current -1486000
Adjustments for other financial assets, current 7790000
Adjustments for other bank balances -11371000
Adjustments for increase (decrease) in trade payables, current 359798000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 40036000
Adjustments for increase (decrease) in other non-current liabilities 302000
Adjustments for depreciation and amortisation expense 807454000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 29388000
Adjustments for provisions, non-current 50233000
Adjustments for other financial liabilities, current -22725000
Adjustments for other financial liabilities, non-current 2842000
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 61630000
Adjustments for interest income 78496000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -53159000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 930228000
Net cash flows from (used in) operations 1367947000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 89964000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1277983000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses -957125000
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 1978000
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 61630000
Interest received 62808000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -103682000
Net cash flows from (used in) investing activities -934391000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 176842000
Payments of lease liabilities 5804000
Dividends paid 140553000
Interest paid 19738000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -342937000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 655000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 655000
Cash and cash equivalents cash flow statement at beginning of period 256180000
Cash and cash equivalents cash flow statement at end of period 256835000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 BRAHMAYYA & CO Yes 29-Feb-2028