Platinum Industries Reports 24% Revenue Growth in Q2 FY26, Expands Global Footprint

Platinum Industries Limited , a leading manufacturer of specialty chemicals, has reported a robust 24% year-on-year revenue growth in the second quarter of fiscal year 2026. The company's consolidated revenue reached INR 1,153.8 million, driven by strong performance in its PVC and CPVC additives business across more than 30 countries.

Financial Highlights

The company's financial performance for Q2 FY26 showcases its continued growth trajectory:

Metric	Q2 FY26	Q2 FY25	YoY Change
Revenue	983.80	996.40	-1.30%
EBITDA	135.90	150.90	-9.90%
EBITDA Margin	13.80%	15.10%	-130 bps
PAT	109.80	145.30	-24.40%
PAT Margin	11.20%	14.60%	-340 bps

While the quarterly comparison shows a slight dip in revenue and profitability, the half-yearly performance indicates a positive trend:

Metric	H1 FY26	H1 FY25	YoY Change
Revenue	2,137.60	2,022.90	5.70%
EBITDA	287.40	355.60	-19.20%
PAT	240.60	322.60	-25.40%

Market Position and Expansion

Platinum Industries has solidified its position as the third-largest player in India's PVC additives market, commanding a market share of approximately 13%. The company's focus on eco-friendly lead-free stabilizers aligns with global sustainability trends and regulatory requirements.

In a significant move to expand its global footprint, Platinum Industries is establishing a new manufacturing facility in Egypt. The 60,000 MTPA plant, set to be operational by June 2026, represents a strategic investment to serve the Middle East, North Africa, and European markets more effectively. The company has committed approximately INR 70 crore from its IPO proceeds for this expansion.

Product Portfolio and Innovation

Platinum Industries continues to strengthen its product portfolio, focusing on PVC and CPVC additives, metal soaps, and lubricants. The company's R&D efforts are directed towards developing advanced calcium-organic stabilizers, which are reported to reduce toxic emissions by up to 60%, according to EPA data.

Future Outlook

Krishna Rana, CMD of Platinum Industries, commented on the results, stating, "Our performance this quarter reflects our strong market position and the growing demand for our specialty chemical products. The expansion into Egypt marks a significant step in our global growth strategy, allowing us to better serve our international clients and tap into new markets."

The company's future strategy includes:

Expanding its presence in high-growth regions
Continuing investment in R&D for eco-friendly solutions
Exploring potential acquisitions in Europe, the U.S., and MENA regions to accelerate market entry and technological advancement

With its strong financial position, innovative product lineup, and strategic expansion plans, Platinum Industries appears well-positioned to capitalize on the growing demand for specialty chemicals and sustainable additives in the global market.

Investors and industry observers will be watching closely to see how Platinum Industries leverages its expanded capacity and global presence to drive growth in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.91%	+2.53%	-9.17%	+0.42%	-37.20%	+20.03%

Platinum Industries Limited has released its financial results for the quarter ended September 30, 2025, revealing a decline in profitability and disclosing a significant fire-related incident at one of its subsidiaries.

Financial Performance

The company reported a consolidated net profit of ₹115.00 crore for Q2, down from ₹143.00 crore in the same period last year. This represents a year-over-year decrease of approximately 19.6% in net profit.

Financial Metric	Q2 (Current Year)	Q2 (Previous Year)	Change
Net Profit	₹115.00 crore	₹143.00 crore	-19.6%
Revenue	₹984.00 crore	₹996.00 crore	-1.2%
EBITDA	₹136.00 crore	₹151.00 crore	-9.9%
EBITDA Margin	13.82%	15.16%	-1.34%

The company's revenue remained relatively stable at ₹984.00 crore, compared to ₹996.00 crore in the previous year, showing only a marginal decline of 1.2%.

Profitability Metrics

Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) declined to ₹136.00 crore from ₹151.00 crore year-over-year, representing a decrease of 9.9%. The EBITDA margin compressed to 13.82% from 15.16%, indicating a reduction in operational efficiency.

Fire Incident and Exceptional Loss

The company disclosed a fire incident at the factory premises of its subsidiary, Platinum Polymers and Additives, which occurred on July 07, 2025. This incident resulted in losses amounting to ₹103.35 million. The company has recognized an insurance claim receivable of ₹98.19 million towards the estimated loss.

Auditor's Qualified Opinion

PKF Sridhar & Santhanam LLP, the company's statutory auditors, have issued a qualified opinion in their review report. The qualification is related to the fire incident and the subsequent insurance claim. As the insurance survey and related procedures are still in progress, the auditors were unable to determine if any adjustments are required to the carrying amount of the insurance receivable in the consolidated financial results.

Subsidiary Developments

The Board of Directors has approved a proposal for the issuance of fresh equity shares by Platinum Oleo Chemicals Private Limited (POCPL), a subsidiary of Platinum Industries Limited. The Board has stipulated that the parent company's shareholding in POCPL should not fall below 51% post-issuance. Specific details regarding the number of shares, issue price, and consideration will be disclosed upon completion of the allotment process.

Conclusion

While Platinum Industries has managed to maintain its revenue levels, the company faces challenges in maintaining profitability. The decrease in EBITDA and net profit, coupled with the margin compression, suggests that the company may be experiencing cost pressures or operational inefficiencies. The ongoing insurance claim process related to the fire incident at its subsidiary adds an element of financial uncertainty that investors and stakeholders will need to monitor closely in the coming quarters.