Platinum Industries Limited — Important, 17-02-2025: Updates

**Q3 & 9M FY25 Financial Performance:**

Revenue from operations for Q3 FY25 increased by 52.66% YoY, reaching ₹934.61 million, while for the nine months ending FY25, revenue rose by 60.70% YoY to ₹2,957.51 million. Gross profit grew by 19.34% for Q3 and 24.15% for 9M FY25, reflecting strong revenue growth despite higher input costs. EBITDA increased by 2.93% in Q3 and by 7.78% in 9M FY25. However, EBITDA margins declined significantly due to rising operational costs, down 724 basis points in Q3 and 823 basis points in 9M FY25. The profit after tax (PAT) rose to ₹115.24 million in Q3 (up 15.74%) and ₹437.88 million for 9M FY25 (up 33.53%). PAT margins decreased to 12.33% in Q3 and 14.81% for the nine months. Earnings per share (EPS) fell to ₹2.10 in Q3 and ₹7.97 for 9M FY25, indicating potential concerns regarding profit margin sustainability amidst aggressive revenue growth.

**Investor Implications:**

With substantial revenue growth, Platinum Industries is on a positive trajectory, but rising costs and margin contractions are points for investors to watch closely.