Disclosure under Reg 30 for Modified Opinion on Audited Financial Results for the quarter and financial year ended 31 March 2026.
PLATIND · price
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Platinum Industries reported FY2026 consolidated revenue of Rs 4,504.41 million (up 14.8% YoY) and PAT of Rs 512.30 million (up 3.7% YoY). Standalone revenue grew 33.7% to Rs 4,343.60 million with PAT at Rs 535.27 million (up 9.6% YoY). The auditors issued a qualified opinion due to uncertainty around a fire incident at subsidiary Platinum Polymers & Additives (Palghar unit, July 7, 2025) causing damage to PPE and inventories worth Rs 103.35 million. The subsidiary recognized insurance claim receivable of Rs 98.19 million with net loss of Rs 5.17 million booked as exceptional item. Auditors cannot confirm whether adjustments are needed to the Rs 100 million investment and Rs 6 million loan to the subsidiary pending insurance settlement. Operating cash flow was negative at Rs 13.63 million. New auditors M/s Pipalia Singhal & Associates appointed for FY2027.
The qualified audit opinion on both standalone and consolidated results creates uncertainty around the accuracy of financial statements, particularly regarding the recoverability of Rs 98.19 million insurance claim and Rs 106 million exposure to the fire-affected subsidiary. Negative operating cash flow and compressed EBITDA margins (estimated 14.7% vs 17.2% prior year) signal operational stress despite revenue growth.