Platinum Industries Limited has informed the Exchange regarding ''Disclosure on modified opinion in Financial results for quarter and nine months ended on 31 December 2025'.
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Platinum Industries' board approved unaudited consolidated and standalone results for Q3 and 9M ended Dec 31, 2025, with auditors issuing a qualified (modified) opinion. The qualification stems from a July 7, 2025 fire at subsidiary M/s Platinum Polymers and Additives in Palghar, which damaged plant and inventory; the firm booked an insurance claim receivable of Rs 98.19 million and a net exceptional loss of Rs 5.17 million, pending insurer confirmation. Standalone revenue from operations grew ~30.8% YoY to Rs 1,026.20 million in Q3 and ~24.6% YoY to Rs 3,023.75 million for 9M, but standalone PAT for 9M slipped ~11.6% to Rs 375.78 million and consolidated 9M PAT fell ~16.9% to Rs 363.87 million versus the prior year. The board also approved incorporation of a new subsidiary, Rivadu Lifesciences Private Limited, a pharma/lifesciences venture with at least 70% holding and initial capital up to Rs 25 lakh.
Strong top-line growth is offset by 9M profit decline and a qualified audit opinion tied to an unresolved insurance claim, which adds uncertainty around the carrying value of the fire-damaged assets. The new pharma subsidiary signals diversification beyond speciality chemicals but is very small in initial capital and unlikely to move the needle near-term.