Outcome of Board meeting attached herewith.
ANDHRAPAP · price
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On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.7 pts more than its Paper & Paper 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 Paper's Board approved FY2026 audited results with revenue from operations at Rs. 1,70,123.38 lakhs, up ~10.4% YoY from Rs. 1,54,124.10 lakhs. Net profit after tax stood at Rs. 8,891.07 lakhs, marginally higher than Rs. 8,740.28 lakhs in the prior year. The auditors MSKA & Associates LLP issued an unmodified (clean) opinion. The Board recommended a final dividend of Rs. 0.50 per equity share (25% on face value of Rs. 2). Mr. Saurabh Bangur was re-appointed as Managing Director for 5 years from October 1, 2026. Post year-end, the company's Kadiyam manufacturing plant was affected by an illegal strike by contract workers from April 27, 2026, leading to a lockout from May 1, 2026 which remains ongoing.
Revenue growth of ~10% is healthy but profit growth of only ~1.7% suggests margin pressures. The ongoing lockout at the Kadiyam plant is a significant operational risk that could impact Q1 FY2027 production and revenues.