Andhra Sugars Q3 PAT jumps over 3x YoY; board okays merger of two subsidiaries
ANDHRSUGAR · price
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On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 2.4 pts more than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Standalone revenue grew 25.5% YoY to Rs 370.27 cr for Q3 FY26 and 25.6% to Rs 1,061.78 cr for 9M FY26, driven by higher caustic soda and sulphuric acid prices. Standalone PAT jumped to Rs 24.19 cr from Rs 7.46 cr. Exceptional item of Rs 1.33 cr (net) reflects VRS payout for Taduvai units and FPPCA true-down. Board approved merger of two unlisted subsidiaries, Andhra Farm Chemicals and Hindustan Allied Chemicals, into the company.
Strong topline and bottomline growth aided by caustic soda pricing. Subsidiary merger may simplify group structure and unlock synergies over time.