Andhra Cements Limited has informed the Exchange regarding Outcome of Board Meeting held on May 12, 2025.
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On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 1.9 pts less than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Andhra Cements (a subsidiary of Sagar Cements) reported audited results for FY25 with revenue from operations of ₹27,405 lakhs, a marginal 2.2% rise over FY24's ₹26,811 lakhs. However, net loss widened sharply to ₹15,211 lakhs (from a loss of ₹6,561 lakhs in FY24), translating to a loss per share of ₹16.50 versus ₹7.12. Q4 FY25 alone posted a loss of ₹4,991 lakhs. Total expenses of ₹44,979 lakhs far exceeded total income, driven by very high power and fuel costs (₹15,440 lakhs), finance costs (₹7,486 lakhs), and depreciation (₹7,163 lakhs). An exceptional charge of ₹626 lakhs was booked for a fuel and power purchase cost adjustment. Cash and equivalents fell to just ₹19 lakhs from ₹1,071 lakhs, and the company depended on ₹6,202 lakhs in loans from its parent Sagar Cements to meet obligations. Total debt of about ₹75,711 lakhs against equity of ₹14,455 lakhs leaves leverage at roughly 5x. The auditor (Deloitte Haskins & Sells) issued an unmodified opinion.
Shareholders face another year of steep losses with no turnaround in sight, while the company remains heavily indebted and reliant on parent funding. The proposed rights issue of up to ₹18,000 lakhs could dilute existing holders but is needed to shore up the balance sheet.