HP Adhesives Limited — Results, 12-11-2025: Integrated Filing- Financial

HP Adhesives' Board approved its financial results for the quarter and half-year ending September 30, 2025.

1. **Financial Performance:** Revenue from operations surged 10.41% YoY to ₹65.06 Cr in Q2 FY26 and 9.81% YoY to ₹131.17 Cr for H1 FY26, driven by its Adhesives & Sealants segment.

2. **Profitability and EPS:** Net Profit, however, declined 15.32% YoY to ₹3.53 Cr for Q2 FY26 (EPS ₹0.38) and 21.00% YoY to ₹7.73 Cr for H1 FY26 (EPS ₹0.84).

3. **Growth Drivers & Expense Trends:** While revenue grew strongly, profitability was impacted by significant increases in material costs (+17% YoY), employee benefits (+21% YoY), and other expenses (+34% YoY). An exceptional item of ₹0.32 Cr from a GST audit demand also weighed on profit.

4. **Final Lens for Investors:** The results reflect mixed financial momentum, with robust top-line growth battling notable cost pressures on the bottom line.