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HP Adhesives announced its financial results for the quarter ended June 30, 2026, revealing a challenging period.
1. **Financial Performance:** Revenue from operations decreased by 4.05% year-over-year (YoY) to Rs 63.42 Cr (from Rs 66.10 Cr) in its Adhesives & Sealants segment.
2. **Profitability and EPS:** The company reported a net loss of Rs 0.91 Cr for the quarter, a notable decline from a net profit of Rs 4.19 Cr in the prior year. Basic EPS turned negative to Rs (0.10) from Rs 0.46 YoY.
3. **Growth Drivers & Expense Trends:** Profitability was significantly impacted by an additional Rs 0.90 Cr loss recognized during the quarter due to the fire incident at its manufacturing plant earlier in January, covering PPE write-offs and debris removal. The board also approved the re-appointment of Ms. Nidhi Motwani as Executive Director for a three-year term starting February 2027, pending shareholder approval.
4. **Final Lens for Investors:** These results indicate weak financial momentum, primarily driven by revenue decline and the lingering impact of the plant fire.