Platinum Industries Limited has informed the Exchange about change in Management
PLATIND · price
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Platinum Industries' board, at its meeting on August 14, 2025, approved the unaudited Q1 FY26 (quarter ended June 30, 2025) financial results. Standalone revenue from operations rose to Rs. 1,028.82 million (vs Rs. 822.71 million in Q4 FY25), with profit after tax of Rs. 125.18 million and EPS of Rs. 2.28. Consolidated revenue was Rs. 1,153.82 million with PAT of Rs. 130.76 million. The board also appointed Mr. Anand Shankar Mahadware (ex-UDCT, ~30 years in plastics additives, PVC/CPVC and specialty chemicals) as Senior Managerial Personnel – Strategy Business Director for Innovation and New Product Development, and re-appointed M/s Ashish Bhavsar & Associates as Cost Auditors for FY 2025-26. A post-period note mentions a fire incident at the Palghar plant of subsidiary M/s Platinum Polymers and Additives, which is currently under insurer survey.
Strong sequential revenue and earnings growth, plus a strategic hire to bolster innovation and new product development, are positive for shareholders. However, the fire at a subsidiary's Palghar plant, though under insurance assessment, introduces a near-term operational uncertainty worth monitoring.