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HP Adhesives reports a loss of 79.55 Lakhs, impacted by fire-related expenses
13-Aug-2026, 08:46
HP Adhesives reported a loss of 79.55 Lakhs for the quarter ended June 30, 2026, resulting in an earnings per share of (0.09), according to its financial results released Friday. Exceptional items totaling 89.84 Lakhs impacted the quarter’s performance, including write-offs of property, plant, and equipment and debris removal expenses related to a November 2025 fire at Unit I. The company previously recognized a 2,498.50 Lakhs loss from the fire, with an insurance claim receivable, and is pursuing insurance coverage. As of March 31, 2026, net IPO proceeds of 9,669.12 Lakhs were fully utilized. Additionally, the company announced the re-appointment of Executive Director Nidhi Motwani, daughter of the Chairperson and sister of the Managing Director, for a three-year term ending February 9, 2030.
HP Adhesives reported a loss of 79.55 Lakhs for the quarter ended June 30, 2026, resulting in an earnings per share of (0.09), according to its financial results released Friday. Exceptional items totaling 89.84 Lakhs impacted the quarter’s performance, including write-offs of property, plant, and equipment and debris removal expenses related to a November 2025 fire at Unit I. The company previously recognized a 2,498.50 Lakhs loss from the fire, with an insurance claim receivable, and is pursuing insurance coverage. As of March 31, 2026, net IPO proceeds of 9,669.12 Lakhs were fully utilized. Additionally, the company announced the re-appointment of Executive Director Nidhi Motwani, daughter of the Chairperson and sister of the Managing Director, for a three-year term ending February 9, 2030.