Platinum Industries Limited — Others, 14-08-2025: Appointment

Platinum Industries' board approved its financial results for the quarter ended June 30, 2025. Standalone revenue grew to Rs 102.88 Cr, while profit for the period was Rs 12.52 Cr, lower than the prior year. Consolidated revenue reached Rs 115.38 Cr, with profit at Rs 13.08 Cr, also lower year-over-year. The company appointed Mr. Anand Shankar Mahadware as Strategy Business Director for innovation and new product development and re-appointed its Cost Auditors. Of the net IPO proceeds of Rs 211.83 Cr, Rs 118.56 Cr remains unutilized. Post-quarter, a fire occurred at a subsidiary's Palghar plant, temporarily halting operations; financial impact is currently being assessed.