Platinum Industries Ltd., a leading manufacturer of PVC and CPVC additives and the third-largest player in India’s PVC stabiliser market, has announced that Q2 FY25 revenue reached Rs. 99.64 crore, reflecting a year-on-year growth of 63.6%, driven by increased demand across domestic and international markets. 

The company concluded the first half of the financial year by surpassing the Rs. 200 crore revenue mark, reflecting a significant milestone in its consolidated revenue performance.

For the first half of FY25, revenue surged by 64.7% year-on-year to Rs. 203 crore. This substantial revenue growth underscores Platinum Industries’ resilience and adaptability in a competitive market. Platinum’s commitment to quality and reliability has led to long-term relationships with marquee clients, creating high retention and stable cash flows.

For H1 FY25, EBITDA reached Rs. 35.6 crore, reflecting a 9.82% growth compared to H1 FY24. Compared to Q2 FY24, EBITDA margin contracted by 1143 bps in Q2 FY25 due to product mix skew towards lower margin products and higher operating expenses.

Nevertheless, the company demonstrated improved return ratios, with Return on Equity (ROE) and Return on Capital Employed (ROCE) standing at 8.89% and 8.54% respectively for H1 FY25.

Profit Before Tax (PBT) increased by 27.95% year-on-year to Rs. 19.4 crore in Q2 FY25, with a PBT margin of 19.47%, down by 542 basis points. For the half-year, PBT grew by 43.16% to Rs. 43.3 crore, demonstrating Platinum Industries’ commitment to maintaining strong profitability despite challenging cost conditions.

Profit After Tax (PAT) for Q2 FY25 rose by 26.96% to Rs. 14.53 crore, while H1 FY25 PAT reached Rs. 32.3 crore, marking a year-on-year growth of 41.29%. The EPS for H1 FY25 was Rs. 5.75, indicating steady returns for shareholders amidst market challenges.

Krishna Rana, Chairman and Managing Director, Platinum Industries said, “Our performance for Q2 and H1 FY25 reflects not only the resilience of our business model, but also our commitment to long-term growth. As we expand our manufacturing footprint with upcoming facilities in Egypt and Palghar, we are strategically positioned to meet the growing demand for sustainable PVC stabilisers and additives across high-growth regions, in both mature and emerging markets. In particular, with a proven track record on sustainable, lead-free, and calcium-organic stabilizers, Platinum is well-positioned to align with global regulatory trends and eco- conscious market preferences. This capacity expansion, coupled with our focus on lead-free and eco-friendly solutions, underpins our mission to drive sustainable innovation and establish Platinum as a respected global peer in specialty chemicals."

“In terms of our outlook, Platinum Industries stands well-prepared to leverage its expanded capacity, sustainable innovations, and strong client relationships for long-term growth. With robust financial health and a clear strategy, we are set to capture further market share and deliver enduring value to our shareholders. A strong balance sheet, with funds from the recent IPO, provides us the financial flexibility needed for expansion and R&D. We are now also exploring potential acquisitions as beachheads into Europe to accelerate market penetration," added Rana.