Platinum Industries Limited, a leading manufacturer of PVC and CPVC additives and the third-largest player in India’s PVC stabiliser market, has reported a 12.4 per cent year-on-year increase in revenue for the first quarter of FY26, supported by improved capacity utilisation and favourable market conditions.

Revenue from operations rose to Rs 1.15 billion in Q1 FY26 from Rs 1.03 billion in the same quarter last year. On a sequential basis, revenue grew 19.6 per cent from Rs 965 million in Q4 FY25. EBITDA stood at Rs 152 million, down 26 per cent year-on-year from Rs 205 million, but more than doubled from Rs 82 million in Q4 FY25. EBITDA margin contracted to 13.1 per cent from 19.9 per cent a year ago but improved from 8.5 per cent in the previous quarter.

Profit after tax came in at Rs 131 million, down 26 per cent year-on-year but up 107 per cent compared with Rs 63 million in Q4 FY25. PAT margin stood at 11.3 per cent versus 17.3 per cent last year, with sequential improvement from 6.5 per cent.

Chairman and Managing Director Krishna Rana said the quarter reflected strong sequential recovery in both revenue and profitability, supported by operational efficiency, cost control, and customer engagement. He added that the commencement of Phase 1 at the company’s Palghar facility has added 12,000 TPA of non-lead-based CPVC additive capacity, with total capacity expected to reach 60,000 TPA by Q3 FY26.

Platinum is also developing a 60,000 TPA REACH-compliant plant in Egypt’s Suez Economic Zone, aimed at strengthening its access to Europe, MENA, and Latin America. These projects, alongside leadership hires and innovation-led strategies, are expected to reinforce its position in the global speciality chemicals sector.