Submission of Unaudited Standalone and Consolidated Financial Results for the quarter ended on 30th September 2025
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Hindustan Adhesives reported its Q2 FY26 results with standalone revenue from operations of Rs. 6,587 lakhs, down about 22% from Rs. 8,444 lakhs in Q2 FY25. Despite the top-line decline, standalone profit after tax rose to Rs. 652 lakhs (vs Rs. 537 lakhs YoY), with EPS of Rs. 12.73 versus Rs. 10.49. For H1 FY26, standalone revenue fell to Rs. 13,226 lakhs from Rs. 14,850 lakhs, but PAT jumped to Rs. 1,027 lakhs (from Rs. 750 lakhs), a ~37% YoY increase, lifting H1 EPS to Rs. 20.06. Operating profitability improved sharply — estimated EBITDA margin expanded from roughly 12% to 18% in Q2 YoY, helped by lower raw material and other costs. Consolidated results are also submitted, covering subsidiaries Bagla Technopack (Indian) and PT Bagla Group Indonesia (foreign, contributing Rs. 115 lakhs revenue and a Rs. 80 lakh loss). The statutory auditor Salarpuria & Partners issued a clean limited review report with no qualifications.
Mixed picture for shareholders: revenue is clearly under pressure on a YoY basis, but profit growth and margin expansion are strong positives, indicating better cost control or a richer product mix. Net cash from operations remained positive at Rs. 1,165 lakhs (standalone), supporting the profitability story. The stock may react positively to the sharp PAT growth, though investors should watch whether the revenue decline stabilises in coming quarters.