Andhra Paper announced that the Board of Directors of the Company at its meeting held on 14 May 2024, has recommended a Final dividend of Rs.10 per share (i.e.100%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Andhra Paper declined 75.04% to Rs 38.41 crore in the quarter ended March 2024 as against Rs 153.90 crore during the previous quarter ended March 2023. Sales declined 38.26% to Rs 364.38 crore in the quarter ended March 2024 as against Rs 590.16 crore during the previous quarter ended March 2023.For the full year,net profit declined 34.97% to Rs 339.74 crore in the year ended March 2024 as against Rs 522.46 crore during the previous year ended March 2023. Sales declined 14.16% to Rs 1800.58 crore in the year ended March 2024 as against Rs 2097.66 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales364.38590.16 -38 1800.582097.66 -14 OPM %9.6838.74 -23.9435.03 - PBDT62.30238.96 -74 521.51779.56 -33 PBT45.59223.23 -80 455.64716.36 -36 NP38.41153.90 -75 339.74522.46 -35 Powered by Capital Market - Live News

Andhra Paper has signed an agreement with Valmet AB (Sweden) on 09 May 2024 for supply and commissioning of Tissue paper production line of Capacity Maximum 129 tones per day to produce different grades of tissue Paper. The value of the contract is Rs 125 crore approximately. Powered by Capital Market - Live News

Andhra Paper will hold a meeting of the Board of Directors of the Company on 14 May 2024.Powered by Capital Market - Live News

Andhra Paper has received credit ratings from India Ratings and Research as under:Term loans (Rs 200 crore) - IND AA; Stable (affirmed)Term loans (Rs 100 crore) - IND AA; Stable (assigned) Proposed bank facilities (Rs 150 crore) - IND AA; Stable/ IND A1+ (assigned) Powered by Capital Market - Live News