Nikhil Adhesives Q2 FY2026 Net Profit at ₹5.83 Crore

Board Meeting Details

The Board of Directors meeting was held on November 13, 2026, at 05:15 p.m. at the Registered Office in Mumbai. The meeting commenced at 05:15 p.m. and concluded at 06:00 p.m.

Board Approvals

The Board considered and approved:

1. Unaudited Financial Results for the quarter and half year ended September 30, 2026, together with the Limited Review Report thereon.

2. Internal Audit Report of the Company for the quarter and half year ended September 30, 2026.

Financial Results Overview (Quarter Ended September 30, 2026)

Revenue from operations: ₹18,256.71 lakh (₹182.57 crore)
Other income: ₹17.88 lakh
Total Income: ₹18,274.59 lakh (₹182.75 crore)
Total Expenses: ₹17,398.18 lakh (₹173.98 crore)
Profit before tax: ₹876.41 lakh (₹8.76 crore)
Tax expense: ₹293.88 lakh (₹2.94 crore)
Current tax: ₹208.00 lakh
Deferred tax: ₹85.88 lakh
Profit for the period: ₹582.53 lakh (₹5.83 crore)
Other Comprehensive Income: ₹0.31 lakh
Total Comprehensive Income: ₹582.84 lakh (₹5.83 crore)
Basic Earnings Per Share (EPS): ₹1.27 (not annualized)

Financial Results Overview (Half Year Ended September 30, 2026)

Revenue from operations: ₹37,115.50 lakh (₹371.16 crore)
Other income: ₹36.68 lakh
Total Income: ₹37,152.18 lakh (₹371.52 crore)
Total Expenses: ₹35,317.87 lakh (₹353.18 crore)
Profit before tax: ₹1,834.31 lakh (₹18.34 crore)
Tax expense: ₹519.30 lakh (₹5.19 crore)
Current tax: ₹453.00 lakh
Deferred tax: ₹66.30 lakh
Profit for the period: ₹1,315.01 lakh (₹13.15 crore)
Other Comprehensive Income: ₹4.85 lakh
Total Comprehensive Income: ₹1,319.86 lakh (₹13.20 crore)
Basic Earnings Per Share (EPS): ₹2.86 (not annualized)

Comparative Financial Data (Quarterly)

| Particulars | Q2 FY2026 | Q1 FY2026 | Q2 FY2025 |

| Basic EPS | ₹1.27 | ₹1.59 | ₹0.93 |

Capital Structure

Paid-up Equity Share Capital: ₹459.43 lakh (Face value of ₹1/- per share)
Capital structure remained unchanged during the period

Foreign Exchange Impact

Q2 FY2026: Foreign exchange loss of ₹27.55 lakh
Q1 FY2026: Foreign exchange gain of ₹36.78 lakh
H1 FY2026: Net foreign exchange gain of ₹9.23 lakh

Assets and Liabilities Position (as of September 30, 2026)

Total Assets: ₹35,717.77 lakh
Non-current assets: ₹9,516.93 lakh
Property, Plant and Equipment: ₹8,742.78 lakh
Right of Use assets: ₹327.56 lakh
Capital Work-in-Progress: ₹346.66 lakh
Current assets: ₹26,200.84 lakh
Inventories: ₹7,049.31 lakh
Trade receivables: ₹16,462.09 lakh
Cash and cash equivalents: ₹157.20 lakh

Total Equity and Liabilities: ₹35,717.77 lakh
Equity: ₹15,781.83 lakh
Equity share capital: ₹459.43 lakh
Other equity: ₹15,322.40 lakh
Non-current liabilities: ₹2,220.90 lakh
Borrowings: ₹1,128.53 lakh
Lease liabilities: ₹102.37 lakh
Current liabilities: ₹17,715.04 lakh
Borrowings: ₹3,728.37 lakh
Trade payables: ₹8,396.75 lakh
Current tax liabilities: ₹2,269.99 lakh

Cash Flow Statement (Half Year Ended September 30, 2026)

Cash from operating activities: ₹2,731.22 lakh
Cash used in investing activities: ₹(539.91) lakh
Cash used in financing activities: ₹(2,278.93) lakh
Net decrease in cash: ₹(87.62) lakh
Cash at beginning: ₹244.82 lakh
Cash at end: ₹157.20 lakh

Additional Information

The financial results have been reviewed by the Audit Committee and approved by the Board of Directors
Results prepared in accordance with Indian Accounting Standards (Ind AS)
Company is engaged in manufacturing and trading of adhesives, binders, emulsions, chemicals, monomers and solvents
The company has a single reporting segment
Previous period figures have been regrouped for comparability

Certification

The company submitted a certification pursuant to Regulation 33(2)(a) confirming that the financial results do not contain any false or misleading statements or omit any material facts.