THE ANDHRA PETROCHEMICALS LIMITED
Regd. Office: Venkatarayapuram, TANUKU - 534 215
Unaudited Financial Results (Provisional)
for the 3 months period ended 31st March, 2006
					(Rs. in lakhs)
		3 months	3 months	Year	Year ended
	Particulars	ended	ended	ended	31.03.2005
		31.03.2006	31.03.2005	31.03.2006	(Audited)
1	Gross Sales	6,605.66	7,489.76	22,579.33	22,958.13
	Less: Excise Duty collected	938.63	1,074.04	3,227.08	3,245.96
	Net Sales	5,667.03	6,415.72	19,352.25	19,712.17
2	Other Income	42.45	45.65	176.32	196.09
3	Total Expenditure
	a) (Increase)/Decrease in stock-in-trade	84.02	1,273.14	(132.38)	564.50
	b) Consumption of Raw-materials	4,407.48	3,148.41	13,993.36	11,931.69
	c) Staff Cost	151.54	118.90	551.46	471.88
	d) Power & Fuel	526.86	464.55	1,986.06	1,804.09
	e) Other Expenditure	252.23	226.91	997.85	994.56
4	Interest	146.63	221.69	593.07	866.87
5	Depreciation	284.04	283.09	1,150.92	1,243.66
6	Profit/(Loss) before Tax (1+2-3-4-5)	(143.32)	724.68	388.23	2,031.01
7	Provision for Taxation
	Current Tax (MAT)	(12.00)	57.00	33.00	162.00
	Deferred Tax Liability/(Asset)	(47.28)	188.19	130.68	742.22
	Fringe Benefit Tax	0.92	-	3.77	-
8	Net Profit/(Loss) (6-7)	(84.96)	479.49	220.78	1,126.79
9	Paid-up Equity Share Capital
	(Rs.10/- per share)	8,497.16	8,497.16	8,497.16	8,497.16
10	Reserves excluding Revaluation Reserves	-	-	-	436.00
11	Basic and Diluted Earning per share (Rs.)	(0.10)	0.56	0.26	1.33
12	Aggregate of non-promoter shareholding:
	No. of Shares	54702475	54701575	54702475	54701575
	Percentage	64.38%	64.38%	64.38%	64.38%
Notes:
1	The Input Tax Credit on Naphtha, one of our raw-materials, which was earlier available to the Company was withdrawn retrospectively by the Government of Andhra Pradesh with effect from 1/4/2005. As Naphtha is used as a raw-material and not as fuel, the Company has been advised that it has a good case for relief and has accordingly filed a writ petition in the A.P. High Court. A credit of Rs.135.81 lakhs has therefore been taken for the quarter ended 31/03/2006 and Rs.504.18 lakhs for the year 2005-06.
2	Steep increase in Propylene and Naphtha prices affected profitability for the quarter.
3	The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its Meeting held on 24th April, 2006.
4	Segmental reporting as per AS-17 issued by the ICAI is not applicable, as the Company is engaged in manufacture of a single line of product.
5	Figures of previous periods have been regrouped/rearranged wherever necessary.
6	During the quarter, Company received 23 investor complaints which have been disposed off and there is no complaint at the end of the quarter.
7	None of the assets qualify for impairment in accordance with Accounting Standard - 28 of ICAI.
				Sd./ xxxxxx
	Place: Hyderabad		Dr. MULLAPUDI HARISCHANDRA PRASAD
	Date: 24th April, 2006			Managing Director