Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting pursuant to Regulation 30 & 33 of SEBI (LODR) Regulations, 2015
Audit Opinion:
Qualified Opinion - Statutory Auditors have expressed modified conclusion on both standalone and consolidated financial results
Key Financial Highlights [₹ in millions]:
Standalone Results:
Revenue from Operations: ₹1,103.77
Total Income: ₹1,126.06
Net Profit: ₹95.84
EPS: ₹1.74 (Basic and Diluted)
Other Equity: Not Specified
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Consolidated Results:
Revenue from Operations: ₹1,123.35
Total Income: ₹1,127.52
Net Profit: ₹111.29
EPS: ₹2.03 (Basic and Diluted)
Other Equity: ₹3,881.32
Cash and Cash Equivalents: Not Specified
Debt: Not Specified
Financial Comparison:
Standalone Q1 FY27 net profit of ₹95.84 million decreased from ₹125.18 million in Q1 FY26 and ₹159.49 million in Q4 FY26
Consolidated Q1 FY27 net profit of ₹111.29 million decreased from ₹130.76 million in Q1 FY26 and ₹148.43 million in Q4 FY26
Segment-wise Performance:
The Group operates only in one Operating Segment i.e. "Speciality Chemicals", hence does not have any reportable Segments as per Ind AS 108
Corporate Actions:
No dividend declarations, share splits, bonus issues, buybacks, or capital structure changes announced
Other Significant Information:
Fire Incident Details:
Fire occurred on July 07, 2025 at subsidiary M/s Platinum Polymers and Additives factory premises in Palghar
Damage to certain property, plant & equipment and inventories
Subsidiary recognized loss of ₹103.35 million (excluding GST) and insurance receivable of ₹98.19 million (excluding GST)
Net loss of ₹5.17 million recognized as exceptional item in FY25-26
Operations partially restored after temporary impact
IPO Proceeds Utilization [₹ in millions]:
Total IPO Proceeds (net): ₹2,118.29
Utilized up to June 30, 2026: ₹1,507.85
Utilized from April 1, 2026 to June 30, 2026: ₹151.47
Unutilized as on June 30, 2026: ₹458.97
Breakdown of utilization:
- Investment in Platinum Stabilizers Egypt LLC: ₹155.01 utilized of ₹677.21 proposed
- Capex for Palghar facility: ₹653.77 utilized of ₹712.61 proposed
- Working capital: ₹271.64 utilized of ₹300.00 proposed
- General corporate purpose: ₹427.43 utilized of ₹428.47 proposed
Unutilized funds temporarily invested in fixed deposits with scheduled commercial banks
Subsidiary Information:
Consolidated results include:
- Platinum Global Additives Private Limited
- Platinum Oleo Chemicals Private Limited
- M/s. Platinum Polymers & Additives (Partnership firm)
- Platinum Stabilizers Egypt LLC
- Rivadu Lifesciences Private Limited
3 subsidiaries reviewed by other auditors with total revenue ₹72.47 million and net profit ₹17.16 million
2 subsidiaries not reviewed by auditors with total revenue ₹17.01 million and net loss ₹0.37 million
Notes:
Figures for quarter ended March 31, 2026 are balancing figures between audited annual figures and published unaudited YTD figures
Previous periods/year figures re-classified/re-arranged/re-grouped where necessary