ACUITE

he Andhra Pradesh State Beverages Corporation Limited (APSBCL) is making 74% of the liquor procurement from 16 out of 100-plus companies registered with it, to benefit the YSR Congress Party (YSRCP) leaders, who have “forcibly taken over the distilleries” and flooded the market with their own brands.

Andhra Pradesh Beverages procuring 74% liquor from just 16 firms out of 100-plus registered with it

The state government has rationalised various taxes and special margin on liquor resulting in a price hike of some brands as part of its policy to reduce consumption of liquor in the state. Accordingly, it levied taxes on Indian Made Foreign Liquor (IMFL) brands with the basic price up to Rs 2,500 and the percentage of additional retail excise tax on basic price is 250, additional excise duty is 10, AP value added tax is 10 and rate of special margin is 110.

AP Rationalises Liquor Price by Levying Taxes

Sales declined 7.87% to Rs 3279.56 crore. Net profit of Andhra Pradesh State Beverages Corporation reported to Rs 40.61 crore in the quarter ended September 2024 as against net loss of Rs 39.05 crore during the previous quarter ended September 2023. Sales declined 7.87% to Rs 3279.56 crore in the quarter ended September 2024 as against Rs 3559.58 crore during the previous quarter ended September 2023.

Andhra Pradesh State Beverages Corporation reports standalone net profit of Rs 40.61 crore in the September 2024 quarter

The interest servicing and repayment of the bonds will be made from the build-up of operating cash flows, through daily transfers, in the escrow account.

The issuer has made timely interest payments.

Mukesh Kumar Meena(IAS) , Chairman

Nishant Kumar(IAS), MD

Under the structure, APSBCL, from the first day of each quarter, will remit an amount equivalent to 1.67% of the aggregate servicing requirement, on a daily basis, for the ensuing quarter from its designated net revenue receipt account to APSBCL's bond servicing escrow account.

The GoAP would be required to give an unconditional and irrevocable undertaking that it will not change the liquor pricing or existing distribution policy in any manner that would adversely impact APSBCL's revenue collection

Under the proposed structure, the net revenue comprising the basic price of liquor, APSBCL's retail margin, commissions and special margin will be transferred on a daily basis to a designated net revenue receipt account of APSBCL. The interest servicing and repayment of the bonds will be made from the build-up of operating cash flows, through daily transfers, in the escrow account.

Security Name: 9.62% Andhra Pradesh State Beverages Corporation Limited 30 Nov 2026

ISIN:

INE0M2307149

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Andhra Pradesh State Beverages Corporation Limited

Recent News

Andhra Pradesh Beverages procuring 74% liquor from just 16 firms out of 100-plus registered with it

AP Rationalises Liquor Price by Levying Taxes

Andhra Pradesh State Beverages Corporation reports standalone net profit of Rs 40.61 crore in the September 2024 quarter

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