Approval of Audited financial Results for the quarter and year ended 31-03-2026; Recommended final dividend for the FY 2025-26.
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HP Adhesives Ltd reported FY2026 consolidated revenue of Rs 24,927.52 lakhs, a slight decline from Rs 25,979.33 lakhs in FY2025. PAT dropped significantly to Rs 697.70 lakhs from Rs 1,824.36 lakhs in the prior year, a decline of about 62%, impacted by a fire incident at its Unit I manufacturing plant in January 2026. The company recognized an estimated loss of Rs 2,498.50 lakhs under exceptional items due to the fire damage at its Raigad facility, with corresponding insurance claim receivable. Q4 FY2026 showed a loss before tax of Rs 523.61 lakhs. The Board recommended a final dividend of Rs 0.40 per share (20% on Rs 2 face value). Statutory auditors issued an unmodified (clean) opinion on the financial results.
The sharp decline in profitability and the fire incident at the manufacturing unit create near-term uncertainty. While the dividend provides some shareholder return, investors should monitor insurance claim settlements and operational recovery at the affected plant. The clean audit opinion is a positive factor.