Platinum Industries Ltd. Surpasses ₹1000 Million Quarter Milestone

Platinum Industries Ltd. has reported a record-breaking revenue milestone for Q1 FY2025, surpassing ₹1000 million in a single quarter. The company's growth has been driven by strong increases in both export and domestic sales. Significant expansions and new product introductions have bolstered its market presence and operational efficiency.

Platinum Industries Ltd., a global frontrunner in PVC and CPVC additives manufacturing, has announced a landmark achievement in its financial results for Q1 FY2025, ending June 30, 2024. The company surpassed the ₹1000 million revenue threshold in a single quarter, marking the highest consolidated revenue since its inception.

The Q1 FY2025 consolidated revenue stood at ₹1,026.55 million, a notable 66% increase from ₹619.16 million in Q1 FY2024. This significant rise was fueled by a 40% increase in export sales and a 27% rise in domestic sales, showcasing the company's robust performance in both markets.

Despite some margin pressures due to high raw material and shipping costs, and market penetration initiatives, EBITDA rose by 26% to ₹204.68 million. Looking ahead, the company plans substantial expansions, targeting increased market share and product introductions to sustain its growth momentum.