HP Adhesives reports mixed Q2 & H1 FY26 results; PAT declines despite revenue growth
HP Adhesives reported increased revenue for Q2 and H1 FY26, but PAT and EPS declined, impacted by an exceptional GST audit payment. The board approved standalone and consolidated results.
The announcement of quarterly and half-yearly financial results is always significant for investors. While revenue showed growth, the decline in PAT and EPS, alongside an exceptional item related to a GST audit, indicates a mixed performance that could lead to investor scrutiny.
Despite growth in revenue from operations for both the quarter and half year ended September 30, 2025, the Profit After Tax (PAT) and Earnings Per Share (EPS) saw a notable decline compared to the previous year. This was further negatively impacted by an exceptional item of ₹32.34 Lakh related to a GST audit demand.
* HP Adhesives Limited (HPAL) announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, following a Board Meeting held on November 12, 2025. * Consolidated Financial Highlights for Q2 FY26 (July-September 2025): * Revenue from operations: ₹6,506.03 Lakh, an increase from ₹5,892.80 Lakh in Q2 FY25. * Total Income: ₹6,590.03 Lakh, an increase from ₹5,912.05 Lakh in Q2 FY25. * Profit after Tax (PAT): ₹353.37 Lakh, a decrease from ₹417.32 Lakh in Q2 FY25. * Basic Earnings Per Share (EPS): ₹0.38, a decrease from ₹0.45 in Q2 FY25. * Consolidated Financial Highlights for H1 FY26 (April-September 2025): * Revenue from operations: ₹13,116.52 Lakh, an increase from ₹11,945.22 Lakh in H1 FY25. * Total Income: ₹13,310.27 Lakh, an increase from ₹12,112.26 Lakh in H1 FY25. * Profit after Tax (PAT): ₹772.75 Lakh, a decrease from ₹978.18 Lakh in H1 FY25. * Basic Earnings Per Share (EPS): ₹0.84, a decrease from ₹1.06 in H1 FY25. * The decline in PAT for both periods was partly attributed to an exceptional item of ₹32.34 Lakh, which includes interest and penalty, paid in response to a GST audit demand for FY 2019-20 to 2023-24. * The company's wholly-owned subsidiary, Unitybond Solutions Private Limited, incorporated on April 11, 2024, contributed to the consolidated results. * As of September 30, 2025, ₹9,591.09 Lakh out of the ₹9,669.12 Lakh IPO proceeds has been utilized, with the remaining ₹78.03 Lakh held in fixed deposits.
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HP Adhesives Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by HP Adhesives Limited. Read the original for the full detail.