Andhra Petrochemicals reports stellar Q1 numbers

Andhra Petrochemicals has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has zoomed by 191.20% at Rs 12.68 crore as compared to Rs 4.31 crore for the corresponding quarter last year. Its net sales has grown by 115.49% at Rs 157.22 crore for the quarter under review from Rs 72.96 crore for the same quarter last year.

Andhra Petrochemicals’ principal activity is manufacture and sale of oxo alcohols. The oxo alcohol products are ethyl hexanol, normal butanol and iso butanol. APL was established with a license capacity to produce 30,000 MTPA of Ox alcohols at Visakhapatnam, Andhra Pradesh. The plant has demonstrated consistent production at 42,000 MTPA.