HP Adhesives reports mixed Q2/H1 FY26 results with revenue growth but PAT decline
HP Adhesives reported increased revenue for Q2 and H1 FY26, but net profit declined, impacted by a one-time GST audit payment. Board approved standalone and consolidated financial results.
Financial results, especially a decline in net profit despite revenue growth and the impact of an exceptional item, are important factors for investor assessment, warranting a medium impact.
The company reported an increase in revenue from operations for both the quarter and half-year ended September 30, 2025. However, the Profit After Tax (PAT) decreased significantly for both periods, partly due to a ₹32.34 Lakhs exceptional item related to a GST audit demand payment.
HP Adhesives Limited's Board of Directors convened on 12th November 2025, to approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September 2025. Key consolidated financial highlights are as follows: For the quarter ended 30th September 2025: Revenue from operations increased to ₹65.06 crore (₹6,506.03 Lakhs) from ₹58.93 crore (₹5,892.80 Lakhs) in the corresponding quarter of the previous year. Profit after Tax (PAT) decreased to ₹3.53 crore (₹353.37 Lakhs) from ₹4.17 crore (₹417.32 Lakhs). For the half year ended 30th September 2025: Revenue from operations rose to ₹131.17 crore (₹13,116.52 Lakhs) compared to ₹119.45 crore (₹11,945.22 Lakhs) in the prior half-year. Profit after Tax (PAT) declined to ₹7.73 crore (₹772.75 Lakhs) from ₹9.78 crore (₹978.18 Lakhs). An exceptional item of ₹32.34 Lakhs was recorded during the period, attributed to a GST audit demand payment for the financial years 2019-20 to 2023-24. The consolidated results include the performance of its wholly-owned subsidiary, Unitybond Solutions Private Limited, incorporated on April 11, 2024. Out of the total IPO proceeds of ₹96.69 crore (₹9,669.12 Lakhs), ₹95.91 crore (₹9,591.09 Lakhs) has been utilized as of 30th September 2025, with ₹78.03 Lakhs remaining unutilized and 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.