Platinum Industries
202.29
+1.51(+0.75%)
Market Cap₹1,111.08 Cr
PE Ratio26.05
IndustryChemicals
Company Performance:
1D+0.75%
1M-2.68%
6M-31.80%
1Y-27.35%
5Y-8.55%
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Latest news about Platinum Industries
Cancer Drug Manufacturing Hit by Platinum Price Surge Affecting Key Medicines 12 hrs ago Today
Cancer drug manufacturing has become economically unviable due to surging platinum prices, affecting production of essential medicines like carboplatin, oxaliplatin, and cisplatin. Major pharmaceutical companies including Dr. Reddy's Laboratories, Sun Pharmaceutical Industries, and Aurobindo Pharma are impacted by this challenge. The price surge of platinum, a critical component in these cancer treatment compounds, is forcing companies to reassess the viability of manufacturing these life-saving medications.
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More news about Platinum Industries
30Dec 25
Platinum Recovers with 5% Gain to $2,217.75 After Recent Market Pullback
Spot platinum has recovered strongly with over 5% gains to reach $2,217.75 per ounce, bouncing back from its recent retreat to $2,175.10. The precious metal continues to demonstrate remarkable year-to-date performance with gains exceeding 140%, supported by supply constraints and growing industrial demand despite recent market volatility.
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28Nov 25
Platinum Industries Promoters Reduce Stake Through Open Market Sales
Two promoters of Platinum Industries Limited, Krishna Dushyant Rana and Parul Krishna Rana, have reduced their stakes through open market sales. Krishna Dushyant Rana's shareholding decreased from 45.63% to 45.55% after selling 45,893 shares on November 21, 2025. Parul Krishna Rana's stake reduced from 24.52% to 24.47% after selling 30,000 shares on November 25, 2025. These transactions have slightly decreased the promoter group's total holding from 70.15% to 70.02% of the company's total share capital.
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19Nov 25
Platinum Industries Promoter Krishna Dushyant Rana Sells 1.5 Lakh Shares in Open Market
Krishna Dushyant Rana, Promoter and Managing Director of Platinum Industries Limited, has sold 1,50,000 shares (0.27% stake) in the open market. This transaction reduced Rana's personal shareholding from 46.05% to 45.78% and the combined promoter group stake from 70.58% to 70.31%. Platinum Industries is India's third-largest PVC additives manufacturer with a 13% market share as of FY 2022-23.
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18Nov 25
Platinum Industries Reports 24% Revenue Growth in Q2 FY26, Expands Global Footprint
Platinum Industries Limited, a specialty chemicals manufacturer, reported a 24% year-on-year revenue growth in Q2 FY26, with consolidated revenue reaching INR 1,153.8 million. The growth was driven by strong performance in PVC and CPVC additives across over 30 countries. The company holds a 13% market share in India's PVC additives market. Platinum Industries is expanding globally with a new 60,000 MTPA manufacturing facility in Egypt, set to be operational by June 2026. The company is focusing on eco-friendly products and R&D for advanced calcium-organic stabilizers. Despite quarterly dips in revenue and profitability, half-yearly performance shows a positive trend with a 5.70% increase in revenue.
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14Nov 25
Platinum Industries Reports Q2 Results with Fire-Related Exceptional Loss
Platinum Industries Limited's Q2 FY2025 results show a 19.6% decrease in net profit to ₹115.00 crore, with revenue slightly down by 1.2% to ₹984.00 crore. EBITDA fell 9.9% to ₹136.00 crore, with margins compressing to 13.82%. The company disclosed a fire at its subsidiary Platinum Polymers and Additives, resulting in a ₹103.35 million loss, with an insurance claim of ₹98.19 million filed. Auditors issued a qualified opinion due to ongoing insurance claim assessment. The board approved new equity issuance for subsidiary Platinum Oleo Chemicals, maintaining at least 51% ownership.
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28Oct 25
Platinum Industries Fined Rs 5.38 Lakh by RBI for FEMA Compliance Violation
Platinum Industries Limited, listed on NSE and BSE, has been fined Rs 5.38 lakh by the RBI for violating FEMA Regulations, 2004. The company failed to submit Part I of Form ODI within prescribed timelines for overseas direct investment in its subsidiary. Platinum Industries stated the penalty has no material impact on its financial position or operations. The disclosure was made in compliance with SEBI regulations.
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23Sept 25
Platinum Industries Secures Government Recognition for In-House R&D Unit
Platinum Industries Limited's In-house R&D Unit in Palghar, Maharashtra, has been recognized by the Department of Scientific and Industrial Research (DSIR). The approval, valid from September 4, 2025, to March 31, 2028, grants the company custom duty exemptions for its R&D facility. The recognition is expected to boost Platinum Industries' research capabilities and industry standing.
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06Sept 25
Platinum Industries Appoints Ashok Bothra as Chief Financial Officer
Platinum Industries Limited has appointed Mr. Ashok Bothra as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective immediately. Bothra brings over 27 years of experience in finance, with expertise in areas such as accounts, working capital management, project finance, and mergers & acquisitions. He is a member of the Institute of Chartered Accountants of India and holds PG Diplomas in Forex Risk Management and Export & Import Management. The appointment was approved in a board meeting on September 6, 2025, and complies with SEBI regulations.
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14Aug 25
Platinum Industries Reports Strong Q1 Results with 19.8% Revenue Growth
Platinum Industries Limited announced robust Q1 financial results with consolidated revenue up 19.8% YoY to Rs. 1,153.82 million and PAT rising to Rs. 130.76 million. The company appointed Anand Shankar Mahadware as Strategy Business Director for Innovation and New Product Development. A fire incident at the subsidiary's Palghar plant has temporarily halted operations. The company has utilized Rs. 932.68 million of its IPO proceeds for various expansion and working capital purposes.
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08Aug 25
Platinum Industries Launches Commercial Production at New Palghar Facility
Platinum Industries Limited has started commercial production at its new manufacturing facility in Palghar, Maharashtra. The facility, which began operations on August 8, 2025, is currently in Phase 1, focusing on CPVC Additives with an annual production capacity of 12,000 units. This expansion fulfills a key objective from the company's IPO. Additional phases are expected to be completed by December 31, 2025. The company has also scheduled a board meeting for August 14, 2025, to approve Q1 financial results.
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13May 25
Platinum Industries Q4 Results: Revenue Up, Profits Down Amid Margin Pressure
Platinum Industries reported Q4 FY results with revenue growth of 20.11% YoY to ₹965.10 crore. However, profitability declined significantly with EBITDA falling 45.84% to ₹81.83 crore and net profit decreasing 40.07% to ₹63.65 crore. EBITDA margin contracted to 8.48% from 18.80% last year. Sequential performance also showed a 45.36% drop in net profit compared to the previous quarter.
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Platinum Industries
202.29
+1.51
(+0.75%)
1 Year Returns:-27.35%
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