Platinum Industries Limited — Updates, 17-02-2025: Press Release

Platinum Industries Ltd. reported robust financial results for Q3 FY25, with revenue escalating 52.66% YoY to ₹934.61 million and 60.70% growth for 9M FY25, reaching ₹2,957.51 million. The company attributes this performance to strong domestic and global demand for PVC and CPVC stabilizers, and the expansion of its exports to over 30 countries. Their gross profit also rose by 19.34% YoY in Q3 and 24.15% in 9M, although EBITDA margins faced pressure due to rising costs and a shift towards lower-margin products.

Strategic growth initiatives include a new 60,000 MT facility in Egypt, aimed at tapping into MENA and LATAM markets, and an expansion of the Palghar facility to 120,000 MT. The company is also investing in advanced R&D focused on lead-free solutions, aligning with global sustainability trends. Chairman Krishna Rana indicated a commitment to sustained growth and innovation, positioning Platinum Industries as a significant player in the specialty chemicals market. Investors are encouraged by this positive trajectory, even as margins are pressured in the short term due to the strategic shifts being undertaken.