HP Adhesives Limited is an adhesives and sealants company. The company manufactures a wide range of consumer adhesives and sealants such as PVC, cPVC, and uPVC solvent cement, synthetic rubber adhesive, PVA adhesives, silicone sealant, acrylic sealant, gasket shellac, other sealants, and PVC pipe lubricants. Apart from the above products, the company also sells ancillary products like ball valves, thread seals, and other tapes and FRP products for drainage and architectural solutions.
Financial Results:
- HP Adhesives Ltd reported Revenues for Q1FY24 of ₹59.32 Crores down from ₹61.64 Crore year on year, a fall of 3.76%.
- Total Expenses for Q1FY24 of ₹54.44 Crores down from ₹60.91 Crores year on year, a fall of 10.62%.
- Consolidated Net Profit of ₹4.51 Crores up 229.2% from ₹1.37 Crores in the same quarter of the previous year.
- The Earnings per Share is ₹2.45, up 226.67% from ₹0.75 in the same quarter of the previous year.