Platinum Industries Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026 and Change in Internal Auditor and SMP.
PLATIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Platinum Industries reported consolidated revenue of Rs. 4,504 million for FY26, up 14.8% from Rs. 3,923 million in FY25. Consolidated profit after tax grew strongly by 74.3% to Rs. 512 million from Rs. 294 million. However, auditors issued a qualified opinion due to uncertainty around a Rs. 98.19 million insurance claim receivable from a fire incident at subsidiary Platinum Polymers and Additives in July 2025. The fire caused Rs. 103.35 million loss with net Rs. 5.17 million recognized as exceptional item. Operating cash flow was negative at Rs. 13.63 million (vs negative Rs. 37.55 million prior year). The company also appointed new internal auditors and approved fresh equity issuance by subsidiary Rivadu Lifesciences Private Limited.
The strong PAT growth of 74% is positive but the qualified auditor opinion on the insurance claim creates uncertainty around subsidiary asset values. Negative operating cash flow despite profit growth may concern investors. The change in internal auditor is a governance change to monitor.