HP Adhesives Limited (NSE:HPAL)

HP Adhesives Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	2,633	2,529	2,359	2,330	1,646	1,182
Other Revenue	5.57	5.57	0	-0	-	-
Revenue	2,638	2,534	2,359	2,330	1,646	1,182
Revenue Growth (YoY)	7.48%	7.43%	1.25%	41.55%	39.30%	28.11%
Cost of Revenue	1,644	1,605	1,495	1,692	1,215	812.23
Gross Profit	994.63	929.04	863.66	637.76	431.26	369.39
Selling, General & Admin	454.41	407.3	342.86	268.72	180.75	148.53
Other Operating Expenses	298.56	245.15	210.08	175.2	123.94	87.01
Operating Expenses	809.19	699.63	595.88	476.26	333.09	254.57
Operating Income	185.44	229.41	267.78	161.49	98.17	114.81
Interest Expense	-6.32	-2.72	-7.59	-20.25	-30.47	-22.74
Interest & Investment Income	12.59	12.59	16.31	21.84	6.52	0.83
Currency Exchange Gain (Loss)	8.69	8.69	7.09	3.51	6.49	3.61
Other Non Operating Income (Expenses)	-18.41	-17.47	-11.07	-2.51	0.81	35.79
EBT Excluding Unusual Items	181.99	230.5	272.51	164.09	81.53	132.3
Gain (Loss) on Sale of Investments	6.75	6.75	6.41	-	-	-
Gain (Loss) on Sale of Assets	0.03	0.03	0.01	-	-	-
Other Unusual Items	-8.1	-	-	-13.75	-	-
Pretax Income	180.67	237.28	281.17	150.34	81.53	132.3
Income Tax Expense	44.63	54.85	75.48	41.76	21.46	31.71
Net Income	136.04	182.44	205.68	108.58	60.07	100.6
Net Income to Common	136.04	182.44	205.68	108.58	60.07	100.6
Net Income Growth	-30.58%	-11.30%	89.43%	80.77%	-40.29%	-
Shares Outstanding (Basic)	92	92	92	92	76	65
Shares Outstanding (Diluted)	92	92	92	92	76	65
Shares Change (YoY)	-0.50%	-	-	20.87%	16.94%	-
EPS (Basic)	1.49	1.99	2.24	1.18	0.79	1.55
EPS (Diluted)	1.49	1.99	2.24	1.18	0.79	1.55
EPS Growth	-30.23%	-11.30%	89.72%	49.37%	-48.95%	-
Free Cash Flow	-	-40.88	51.82	-210.54	-276.09	-51.42
Free Cash Flow Per Share	-	-0.45	0.56	-2.29	-3.63	-0.79
Dividend Per Share	-	0.400	0.300	-	-	-
Dividend Growth	-	33.33%	-	-	-	-
Gross Margin	37.70%	36.66%	36.61%	27.37%	26.20%	31.26%
Operating Margin	7.03%	9.05%	11.35%	6.93%	5.96%	9.72%
Profit Margin	5.16%	7.20%	8.72%	4.66%	3.65%	8.51%
Free Cash Flow Margin	-	-1.61%	2.20%	-9.04%	-16.77%	-4.35%
EBITDA	226.11	265.51	297.79	180.36	112.77	126.18
EBITDA Margin	8.57%	10.48%	12.62%	7.74%	6.85%	10.68%
D&A For EBITDA	40.67	36.1	30	18.86	14.6	11.37
EBIT	185.44	229.41	267.78	161.49	98.17	114.81
EBIT Margin	7.03%	9.05%	11.35%	6.93%	5.96%	9.72%
Effective Tax Rate	24.70%	23.11%	26.85%	27.77%	26.32%	23.96%
Revenue as Reported	2,678	2,574	2,393	2,359	1,674	1,239
Advertising Expenses	-	66.93	57.38	49.3	7.41	1.18

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.