ALFA Finder| Management target | Revenue 35.0% |
|---|
| Revenue growth | Q2 +23.3% YoY; H1 +7.7%; exports up 40% YoY in Q2. |
|---|---|
| Margins | Q2 EBITDA margin 8.9% vs 13.8% YoY; contracting sharply. |
| Demand visibility | PVC pipe industry down sharply Apr–Sep; pipe sales picked up mid-September. |
| Management confidence | Over-optimistic: repeated 'absolutely' on FY28 margin recovery despite weak H1. |
Growth
Q2 revenue +23.3%, H1 +7.7%. Exports +40% YoY, but freight doubled to ₹5 Cr on ₹24 Cr exports.
Outlook
Egypt FY27 revenue ₹25-30 Cr; 35% revenue CAGR over three years; EBITDA margin 13-15% maintained.
Risks
Freight unlikely to ease for 3-4 months; Palghar at 30-35% utilisation; Egypt delay cost ₹30-35 Cr sales.
Last quarter's promises, checked
Delivered
- Palghar util. 30-35% expected Q2-Q3 → 30-35% Q2 (= BEAT, in-line)
Partly delivered
- Oleo FY27 ₹65-70Cr → H1 ₹16.7Cr (= PARTIAL)
- Egypt output by 31 Dec 2026 → 'partial start', delay flagged (= PARTIAL)
- Pipe demand pickup from Aug → mid-Sep (= PARTIAL)
Missed
- EBITDA margin 13-15% → 8.9% Q2 (= MISS)
- Egypt FY27 rev ₹50-60Cr → ₹30-35Cr (Q1) → ₹25-30Cr (Q2) (= MISS)
- FY27 rev growth 30-40% → H1 +7.7% (= MISS)
Earnings Call Transcript filed with BSE, NSE: PLATIND. Summary written with AI assistance from the document.
Platinum Industries Ltd: key numbers
- Share price
- ₹215.50
- Market cap
- ₹1,184 Cr
- Revenue (annual)
- ₹450.4 Cr
- Net profit (annual)
- ₹51.96 Cr
- P/E (TTM)
- 25.5×Sector 35.5×
- Promoter holding
- 70.03%+0.00% QoQ
- FII holding
- 0.18%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Platinum Industries Ltd
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Platinum Industries Ltd reported revenue from operations of ₹121.3 Cr (+23.3% YoY) and net profit of ₹7.6 Cr (-30.9% YoY) for Q2 FY27.
- Key figure
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