HP Adhesives reported a consolidated net loss of Rs 0.91 crore for the quarter ending June 30, 2026, a reversal from a profit of Rs 4.19 crore last year. The loss was impacted by a fire incident and additional expenses. The company also re-appointed Ms. Nidhi Motwani as Executive Director for three years.
HP Adhesives Reports Q1 FY27 Net Loss of Rs 0.91 Crore Amid Fire Impact
Net loss of Rs 0.91 crore (Rs 90.55 lakh) for the quarter ended June 30, 2026. Profit of Rs 4.19 crore (Rs 419.38 lakh) reported in the same quarter last year. Reader Takeaway: Fire incident's financial impact led to Q1 loss; leadership continuity is positive. ## What just happened HP Adhesives Ltd. has reported a consolidated net loss of Rs 0.91 crore for the first quarter of the fiscal year 2027 (ended June 30, 2026). This marks a significant shift from a net profit of Rs 4.19 crore during the corresponding quarter of the previous fiscal year (ended June 30, 2025). The company's total income also saw a decrease to Rs 64.48 crore from Rs 67.20 crore year-on-year. The financial results were impacted by a fire incident that occurred on January 17, 2026, at its manufacturing facility in Raigad, Maharashtra. In the current quarter, an additional loss of Rs 0.90 crore was recognized under exceptional items. This includes the write-off of property, plant, and equipment (Rs 0.63 crore) and debris removal expenses (Rs 0.26 crore). The company has recognized an increased insurance claim receivable. ## Why this matters The reported loss, attributed partly to the fire incident's aftermath, directly affects shareholder returns for the quarter. Investors will be closely watching the final settlement of the insurance claim, as this will determine the ultimate financial impact of the incident. The re-appointment of Ms. Nidhi Motwani provides a sense of stability in the company's executive leadership.
