Andhra Paper Limited Receives Credit Ratings from ICRA Limited for Rs 350 Crore Bank Facilities

ICRA Limited assigned credit ratings to Andhra Paper Limited's bank facilities totaling Rs 350 crore, including ICRA [AA] (Stable) for long-term fund-based facilities of Rs 306 crore and ICRA [A1+] for short-term non-fund based facilities of Rs 25 crore. The ratings are at the same level as previously assigned by CARE Ratings Limited, representing a procedural transition with enhanced rated limits reflecting current banking arrangements.

Andhra Paper Limited Voluntarily Withdraws Credit Rating from CARE Ratings

Andhra Paper Limited voluntarily requested and received withdrawal of its bank facilities credit rating from CARE Ratings Limited, with the withdrawal completed on November 28, 2025 after obtaining no-objection certificate from lenders. The company informed stock exchanges BSE and NSE about the rating withdrawal as part of its regulatory disclosure obligations.

Andhra Paper Reports Net Loss of Rs 20.26 Crore in Q2 Due to Worker Strike and Plant Outage

Andhra Paper Limited reported a net loss of Rs 20.26 crore for the quarter ended September 30, 2025, compared to a profit of Rs 21.31 crore in the same period last year. Revenue from operations declined to Rs 362.08 crore from Rs 393.42 crore year-on-year. The company's manufacturing operations at Rajahmundry were disrupted by a worker strike from July 6-12, 2025, over wage settlement demands, leading to a lockout declaration on July 13. Additionally, a planned annual maintenance outage occurred for 14 days from July 13-26, 2025. For the half-year period, the company posted a net profit of Rs 43.16 crore on revenue of Rs 755.50 crore. The company operates in pulp, paper and paperboard manufacturing as its single business segment.

Andhra Paper Reports Q2 Loss with Revenue Declining to 3.6B Rupees

Andhra Paper reported quarterly results showing an EBITDA loss of 68 million rupees compared to a gain of 523 million rupees in the same period last year. The company posted a net loss of 203 million rupees versus a loss of 417 million rupees year-over-year. Revenue declined to 3.6 billion rupees from 4.3 billion rupees in the previous year's corresponding quarter.