Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Awaiting price reaction for this filing.
Hindustan Adhesives Ltd's board approved its unaudited Q2 and H1 FY26 (ended 30 Sept 2025) results on 14 November 2025. Standalone revenue from operations fell to Rs. 6,587 lakhs in Q2 FY26 from Rs. 8,444 lakhs in Q2 FY25, a drop of roughly 22% year-on-year, though total revenue (including other income) for H1 FY26 slipped more modestly to Rs. 13,428 lakhs vs Rs. 15,049 lakhs. Despite the top-line decline, profit after tax for H1 FY26 rose sharply to Rs. 1,027 lakhs (from Rs. 750 lakhs), an increase of around 37%, driving EPS to Rs. 20.06 vs Rs. 14.65. Consolidated H1 FY26 PAT was Rs. 946 lakhs, with the company highlighting its single reportable business segment. Auditor Salarpuria & Partners issued a clean (unqualified) limited review on both standalone and consolidated results, with results also incorporating two subsidiaries — Bagla Technopack Pvt Ltd and PT Bagla Group Indonesia.
Mixed signals for shareholders: revenue is contracting meaningfully year-on-year, which is a negative, but profitability and EPS have grown strongly thanks to improved margins and lower costs, which is positive. The clean audit report and absence of exceptional items or auditor changes keep governance signals neutral; the stock reaction will likely depend on whether the market focuses on the topline decline or the bottom-line beat.