Platinum Industries Limited has informed the Exchange regarding Appointment of Mr Anand Shankar Mahadware as Other of the company w.e.f. August 14, 2025.
PLATIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Platinum Industries reported Q1 FY26 standalone revenue from operations of Rs. 1,028.82 million, up about 20% year-on-year from Rs. 859.07 million. However, profit after tax fell roughly 27% to Rs. 125.18 million (vs Rs. 170.98 million), and EPS dropped to Rs. 2.28 from Rs. 3.11, mainly due to higher material and other expenses eating into margins. Consolidated revenue stood at Rs. 1,153.82 million with PAT of Rs. 130.76 million. The board appointed Mr. Anand Shankar Mahadware as Senior Managerial Personnel (Strategy Business Director – Innovation and New Product Development) effective August 14, 2025, bringing nearly 30 years of experience in plastics additives and specialty chemicals. M/s Ashish Bhavsar & Associates was also re-appointed as Cost Auditor for FY 2025-26. The company disclosed a fire incident at the Palghar plant of subsidiary Platinum Polymers and Additives after quarter-end, which temporarily halted operations; the matter is with the insurer and financial impact is not yet determinable.
Mixed quarter for shareholders — topline growth was healthy but bottomline declined sharply, suggesting margin pressure. The fire at the subsidiary plant is a near-term overhang though insured, and the new senior hire signals a focus on innovation and new product pipeline. Watch for margin trends and updates on the fire's financial impact in coming quarters.