The company made this announcement after market hours on Thursday, 24 February 2011.

Meanwhile, the BSE Sensex was up 84.73 points, or 0.48%, to 17,717.14.

On BSE, 2,082 shares were traded in the counter compared with the average daily volume of 15,973 shares in the past one quarter.

The stock hit a high of Rs 151 and a low of Rs 146.05 so far during the day. The stock had hit a 52-week high of Rs 244 on 6 September 2010 and a 52-week low of Rs 73.60 on 17 March 2010.

The small-cap stock had outperformed the market over the past one month till 24 February 2011, rising 4.85% compared with the Sensex's 7.93% fall. The stock had also outperformed the market in past one quarter, falling 2.78% as against Sensex's decline of 9.39%.

The company has an equity capital of Rs 39.77 crore. Face value per share is Rs 10.

Andhra Pradesh Paper Mills said the minor fire accident was due to electrical short circuit. The fire was extinguished within three hours and no person was injured. The company has lodged an insurance claim for the damage. There is no interruption in operations due to the fire, the company said.

Andhra Pradesh Paper Mills' net profit declined 12.5% to Rs 8.20 crore on 7% rise in net sales to Rs 173.05 crore in Q3 December 2010 over Q3 December 2009.