| Scrip Code | 543433 |
|---|---|
| NSE Symbol | HPAL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE0GSL01024 |
| Name of company | HP ADHESIVES LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2026 |
| Date of end of financial year | 31-03-2027 |
| Date of board meeting when results were approved | 13-08-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 10-08-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | First quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | |
| Segment Reporting | Single segment |
| Description of single segment | Manufacturing of Adhesives and Sealants |
| Start date and time of board meeting | 13-08-2026 15:30:00 |
| End date and time of board meeting | 13-08-2026 19:00:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 6,341.65 | 6,341.65 | |
| Other income | 106.42 | 106.42 | |
| Total income | 6,448.07 | 6,448.07 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 3,623.16 | 3,623.16 |
| (b) | Purchases of stock-in-trade | 1,539.57 | 1,539.57 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | (950.51) | (950.51) |
| (d) | Employee benefit expense | 976.96 | 976.96 |
| (e) | Finance costs | 80.52 | 80.52 |
| (f) | Depreciation, depletion and amortisation expense | 127.38 | 127.38 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 1,186.39 | 1,186.39 |
| Total other expenses | 1,186.39 | 1,186.39 | |
| Total expenses | 6,583.47 | 6,583.47 | |
| 3 | Total profit before exceptional items and tax | (135.40) | (135.40) |
| 4 | Exceptional items | 0.00 | 0.00 |
| 5 | Total profit before tax | (135.40) | (135.40) |
| 6 | Tax expense | ||
| 7 | Current tax | 0.00 | 0.00 |
| 8 | Deferred tax | (44.85) | (44.85) |
| 9 | Total tax expenses | (44.85) | (44.85) |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | (90.55) | (90.55) |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | (90.55) | (90.55) |
| 17 | Other comprehensive income net of taxes | 4.09 | 4.09 |
| 18 | Total Comprehensive Income for the period | (86.46) | (86.46) |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | (90.55) | (90.55) | |
| Total profit or loss, attributable to non-controlling interests | 0.00 | 0.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4.09 | 4.09 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 0.00 | 0.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,837.49 | 1,837.49 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | -0.1 | -0.1 | |
| Diluted earnings (loss) per share from continuing operations | -0.1 | -0.1 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | -0.1 | -0.1 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | -0.1 | -0.1 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | Notes to the consolidated financial results for the quarter ended June 30, 2026 1 The above consolidated financial results of the Group have been reviewed by the Audit Committee and then approved by the Board of Directors at their respective meetings held on August 13, 2026. Management has exercised necessary due diligence to ensure that the financial results for these periods provide a true and fair view of the Group's affairs. 2 This statement has been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules thereafter and other recognised accounting practices and policies to the extent applicable. 3 The Group operates primarily in adhesives & sealants segment, hence there is only one reportable business segment viz. “Adhesives & Sealants Products”. Accordingly no separate disclosures have been made for segment reporting under Ind AS 108. 4 The Company had raised net IPO proceeds of Rs. 9,669.12 Lakhs during the year ended March 31, 2022, which stood fully utilised as on March 31, 2026. There is no unspent IPO proceeds. Amount lying in the Monitoring Agency Account as on June 30, 2026 and bank FD through the same represents surplus funds. 5 Exception Items includes : (a) The exceptional items for the previous year ending March, 2026 includes Rs. 32.34 lakhs paid towards the accepted portion of the GST demand (Rs. 311.01 lakhs) raised pursuant to the GST Audit for FY 2019-20 to 2023-24, and Rs. 6.58 lakhs paid pursuant to the Final Order of Hon'ble CESTAT, Mumbai. No further amount has been reported under Exceptional Items in respect of these matters during the quarter ended June 30, 2026. (b) On 21 November, 2025, the Government of India notified the four 'Labour Codes- the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020- consolidating 29 existing labour laws. The Group has assessed gratuity liability and has disclosed the incremental impact of these changes of Rs. 42.06 Lakh on the basis of best information available, consistent with the guidance provided by the ICAI. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Group has already presented such incremental impact under Exceptional items in the statement of profit and loss for the year ended 31 March, 2026 (c) On January 17, 2026, a fire incident occurred at Unit I of the Group located at Survey No. 7, Hissa 14, Village Narangi, Taluka Khalapur, District Raigad, damaging certain property, plant and equipment, and inventory, and disrupting operations. The Group holds insurance coverage for reinstatement value of damaged assets and business interruption losses. The Group had earlier recognised an estimated loss of INR 2,498.50 lakhs under Exceptional Items for the quarter ended March 31, 2026, with a corresponding insurance claim receivable under Other Current Financial Assets, pending final assessment and settlement of the insurance claim. During the quarter ended June 30, 2026, the Group has further recognised an additional loss of INR 89.84 lakhs under Exceptional Items, comprising write-off of PPE of INR 63.45 lakhs and debris removal and related expenses of INR 26.38 lakhs, with a corresponding increase in the insurance claim receivable. The final impact, if any, will depend on completion of the claim assessment and settlement. 6 Previous periods/quarter figures have been regrouped/reclassified wherever necessary. The impact of such reclassification/ regrouping is not material to the financial statements. 7 Figures for the quarter ended 31 March, 2026 as reported in these financial results are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the relevant financial year. 8 The results for the quarter ended June 30, 2026 are available on the Bombay Stock Exchange of India Limited website (URL: https://www.bseindia.com/corporates) and the National Stock Exchange of India Limited website (URL: https://www.nseindia.com/corporates). |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-04-2026 | 01-04-2026 | |||||
| Date of end of reporting period | 30-06-2026 | 30-06-2026 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| Total Segment Revenue | |||||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | |||||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| Total Profit before tax | |||||||
| i. Finance cost | |||||||
| ii. Other Unallocable Expenditure net off Unallocable income | |||||||
| Profit before tax | |||||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| Total Segment Asset | |||||||
| Un-allocable Assets | null | null | |||||
| Net Segment Asset | null | null | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| Total Segment Liabilities | |||||||
| Un-allocable Liabilities | null | null | |||||
| Net Segment Liabilities | null | null | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-04-2026 | 01-04-2026 |
| B | Date of end of reporting period | 30-06-2026 | 30-06-2026 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Re-measurement gains / (losses) on defined benefit plans | 5.47 | 5.47 |
| Total Amount of items that will not be reclassified to profit and loss | 5.47 | ||
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 1.38 | 1.38 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | ||
| 5 | Total Other comprehensive income | 4.09 | 4.09 |