{"id":180584,"date":"2026-02-13T04:48:28","date_gmt":"2026-02-13T09:48:28","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=180584"},"modified":"2026-02-13T04:48:31","modified_gmt":"2026-02-13T09:48:31","slug":"platinum-industries-limited-reports-double-digit-q3-fy26-growth-outlines-egypt-expansion-and-lead-free-additives-focus","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/platinum-industries-limited-reports-double-digit-q3-fy26-growth-outlines-egypt-expansion-and-lead-free-additives-focus\/","title":{"rendered":"Platinum Industries Limited reports double-digit Q3 FY26 growth; outlines Egypt expansion and lead-free additives focus"},"content":{"rendered":"\n<p><strong>Platinum Industries Limited (NSE: PLATIND, BSE: 544134)<\/strong> reported strong year-on-year growth in revenue and profit for the December quarter, supported by higher volumes across PVC and CPVC additives and improved operating leverage, according to the company\u2019s investor presentation for Q3 and nine months ended Dec. 31, 2025.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 performance<\/h2>\n\n\n\n<p>On a standalone basis, <strong>revenue from operations rose 30.8% year on year to \u20b91,026.2 million<\/strong> in Q3 FY26. <strong>EBITDA increased 22.0% to \u20b9162.5 million<\/strong>, while <strong>profit after tax grew 18.4% to \u20b9129.3 million<\/strong>. EBITDA margin stood at <strong>15.8%<\/strong>, compared with <strong>17.0%<\/strong> a year earlier, reflecting a higher raw material cost environment alongside volume growth.<\/p>\n\n\n\n<p>On a consolidated basis, <strong>revenue rose 12.0% year on year to \u20b91,046.7 million<\/strong>. <strong>EBITDA increased 12.7% to \u20b9157.9 million<\/strong>, and <strong>profit after tax rose 7.0% to \u20b9123.3 million<\/strong>. The consolidated EBITDA margin was <strong>15.1%<\/strong> in the quarter.<\/p>\n\n\n\n<p>Sequentially, revenue and EBITDA improved versus Q2 FY26, supported by better capacity utilization at the Palghar facility and stable demand from pipes, fittings and profiles manufacturers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nine-month FY26 snapshot<\/h2>\n\n\n\n<p>For the nine months ended Dec. 31, 2025 (standalone), <strong>revenue from operations increased 24.6% year on year to \u20b93,023.8 million<\/strong>. <strong>EBITDA stood at \u20b9441.1 million<\/strong>, while <strong>profit after tax was \u20b9375.8 million<\/strong>, reflecting continued growth momentum across core product lines.<\/p>\n\n\n\n<p>On a consolidated basis, <strong>9M FY26 revenue rose 7.7% year on year to \u20b93,184.3 million<\/strong>. <strong>EBITDA was \u20b9445.3 million<\/strong>, while <strong>profit after tax declined to \u20b9363.9 million<\/strong> from the year-ago period, reflecting higher depreciation and interest costs following capacity expansion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Product mix and market positioning<\/h2>\n\n\n\n<p>Platinum Industries manufactures <strong>PVC and CPVC additives, metal soaps and specialty lubricants<\/strong>, serving end markets such as <strong>pipes and fittings, profiles, electrical wires, SPC flooring, roofing and packaging<\/strong>. The company said it holds <strong>around 13% share of India\u2019s PVC additives market<\/strong>, positioning it among the leading domestic players.<\/p>\n\n\n\n<p>The company highlighted growing traction for <strong>lead-free and calcium-organic stabilizers<\/strong>, aligned with regulatory shifts toward eco-friendly solutions in India, Europe and North America. CPVC additives, which carry higher stabilizer dosage requirements than PVC, remain a structural growth driver due to rising demand for hot and cold water plumbing in residential and commercial construction.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capacity expansion and global footprint<\/h2>\n\n\n\n<p>Platinum Industries is executing a <strong>greenfield manufacturing facility in Egypt<\/strong>, with <strong>60,000 MTPA capacity<\/strong> targeted to become operational in <strong>Q3 FY27<\/strong>. Management estimates the project could generate <strong>~\u20b9300 crore of revenue over three years post-commissioning<\/strong>, supported by proximity to the Middle East, North Africa and European markets, lower logistics costs and government incentives.<\/p>\n\n\n\n<p>The company is also ramping up utilization at its <strong>new Palghar Unit 2 facility<\/strong> in Maharashtra, with full operationalization targeted by <strong>Q1 FY27<\/strong>. Export contribution currently stands at <strong>around 15% of revenue<\/strong>, with management guiding for acceleration as international capacity comes onstream.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strategy and outlook<\/h2>\n\n\n\n<p>Management outlined a multi-year growth plan targeting <strong>over 40% revenue growth in FY27<\/strong> and a <strong>35% CAGR from FY26 to FY29<\/strong>, driven by new capacity, geographic diversification, deeper penetration in existing markets and new product launches. The company is exploring <strong>inorganic expansion<\/strong> in Europe, the U.S. and MENA to accelerate market entry and technology access.<\/p>\n\n\n\n<p>Investments continue in <strong>R&amp;D (about 1% of revenue)<\/strong> to expand lead-free and organic stabilizer offerings. The company holds patents for stabilizer compositions used in thermostable chlorinated vinyl chloride resin applications.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p>Platinum Industries delivered double-digit growth in Q3 FY26 revenue and profit, supported by strong demand for PVC and CPVC additives. While margins moderated slightly due to input costs, operating momentum remained intact. The Egypt greenfield project and Palghar capacity ramp-up provide visibility for medium-term growth, alongside a strategic push into eco-friendly stabilizers and global markets.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Platinum Industries Limited (NSE: PLATIND, BSE: 544134) reported strong year-on-year growth in revenue and profit for the December quarter, supported by higher volumes across PVC and CPVC additives and improved operating leverage, according to the company\u2019s investor presentation for Q3 and nine months ended Dec. 31, 2025. Q3 FY26 performance On a standalone basis, revenue [&hellip;]<\/p>\n","protected":false},"author":2409,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5,1941,392],"tags":[16413,16412,16275],"class_list":["post-180584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-stock-analysis","category-earnings","tag-polymer-stabilizers-and-lubricants","tag-pvc-additives-market","tag-specialty-chemicals-industry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178595,"url":"https:\/\/alphastreet.com\/india\/apcotex-industries-ltd-q3-fy26financial-snapshot\/","url_meta":{"origin":180584,"position":0},"title":"Apcotex Industries Ltd: Q3 FY26Financial Snapshot","author":"Staff Correspondent","date":"January 30, 2026","format":false,"excerpt":"Headline Numbers During Q3 FY26, Apcotex Industries reported operational revenue of \u20b93,315 million. 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