Q3 results up sharply YoY, board approves in-principle 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 Q3 FY26 revenue rose to Rs 370.26 cr from Rs 295.04 cr YoY. Net profit jumped to Rs 25.02 cr from Rs 7.46 cr. EPS Rs 1.84 vs Rs 0.55. Board gave in-principle nod to merge two unlisted subsidiaries Andhra Farm Chemicals and Hindustan Allied Chemicals into the company, subject to scheme and approvals. Company shut down Sugar Unit and Power Gen at Tanuku from April 2025.
Strong Q3 earnings with revenue nearly doubling. Merger of two subsidiaries may simplify group structure. Sugar and power units at Tanuku already shut.