*Andhra Sugars*, reported a substantial drop in standalone net profit for
the quarter ended December 2008. During the quarter, the profit of the
company declined 78.83% to Rs 7.61 million from Rs 35.94 million in the same
quarter last year.

Net sales for the quarter rose 18.92% to Rs 1,586.61 million, while total
income for the quarter rose 11.83% to Rs 1,588.45 million, when compared
with the prior year period.

The company posted earnings of Rs 0.28 a share during the quarter,
registering 78.95% decline over previous year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,586.61 1,334.16 18.92 *Net Profit* 7.61 35.94
(78.83) *Basic EPS* 0.28 1.33 (78.95)

Interest cost increased 18.80% to Rs 78.17 million while depreciation cost
rose 2.40% to Rs 82.25 million over previous year period.

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