Pondy Oxides & Chemical has delivered its strongest ever quarterly performance in Q3FY26, demonstrating exceptional growth across all key financial metrics. The company held its earnings conference call on January 29, 2026, where management highlighted record-breaking results driven by disciplined execution and operational efficiency improvements.

Outstanding Financial Performance

The company achieved remarkable financial results for the third quarter, with substantial improvements in both revenue and profitability metrics. The performance reflects strong operational management and effective capacity utilization across business segments.

Nine-Month Performance Highlights

On a nine-month basis, the company demonstrated consistent growth momentum with revenue, EBITDA, and PAT increasing by 33%, 96%, and 114% year-on-year respectively. Total nine-month revenue reached ₹2,007 crores, supported by substantial growth in production and sales volumes across lead and copper business segments.

Operational Excellence and Capacity Expansion

The company commissioned its second phase lead expansion project in December 2025, adding 36,000 metric tons per annum capacity. Total lead capacity increased from 132,000 metric tons per annum in FY25 to 204,000 metric tons per annum, representing over 50% growth. Lead production increased by 57% year-on-year to 33,271 metric tons in Q3, with EBITDA per ton reaching ₹17,427.

Strategic Business Developments

Export sales contributed 67% of total revenue, reflecting the company's growing global presence and customer confidence. Value-added products accounted for 65% of lead segment revenue on a nine-month basis, supporting the long-term target of achieving over 60% contribution from value-added products. The copper recycling capacity is set to double from 6,000 metric tons per annum to 12,000 metric tons per annum by end of January 2026.

Future Growth Outlook

Management remains aligned with its Target 2030 vision, focusing on delivering 20% plus volume growth and maintaining EBITDA margins above 8%. The company plans to expand into adjacent non-ferrous segments while targeting over 60% revenue contribution from value-added products and 20% plus reduction in energy consumption.

Pondy Oxides & Chemicals Limited announced that its board of directors has approved a scheme of amalgamation with its wholly owned subsidiary POCL Future Tech Private Limited (PFTPL) during a board meeting held on January 28, 2026. The meeting commenced at 3:00 PM and concluded at 4:40 PM.

Amalgamation Details

The scheme involves the merger of PFTPL as the transferor company with Pondy Oxides & Chemicals Limited as the transferee company under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The amalgamation is subject to approval from the National Company Law Tribunal (NCLT), shareholders, and creditors of both companies.

Financial Position of Entities

As of December 31, 2025, the financial positions of both companies demonstrate significant differences in scale and performance:

PFTPL shows a negative net worth of ₹944.21 lakhs, while POCL maintains a strong net worth of ₹73,192.06 lakhs. The turnover figures for the nine months ended December 31, 2025, show POCL's significantly larger scale of operations.

Business Operations

The two entities operate in complementary business areas that support the strategic rationale for amalgamation:

• PFTPL (Transferor Company): Engaged in the business of recycling plastics
• POCL (Transferee Company): Manufactures lead metals and alloys, copper, other non-ferrous metals, and plastics

Strategic Rationale

The board identified several key benefits expected from the amalgamation:

• Operational Synergies: The merger will bring together complementary business operations, enabling the combined entity to leverage synergies and strengthen competitive positioning
• Vertical Integration: Integration of PFTPL's plastic recycling operations with POCL's manufacturing processes will ensure secure access to recycled metal inputs and reduce dependence on external suppliers
• Operational Efficiency: Elimination of duplicate functions, streamlined decision-making processes, and unified management oversight
• Economies of Scale: Improved operational efficiencies, better coordination of financial resources, and optimized cash flow management
• Value Creation: Enhanced long-term value maximization for all stakeholders of the combined entity

Transaction Structure

Since PFTPL is a wholly owned subsidiary of POCL, no cash consideration or share exchange will occur. The equity shares of PFTPL will stand cancelled on the effective date without any further action required. Consequently, there will be no change in the shareholding pattern of the listed entity.

The transaction qualifies as a related party transaction under Section 2(76) of the Companies Act, 2013. However, according to MCA Circular No. 30/2014 dated July 17, 2014, transactions arising from amalgamations under the Companies Act, 2013, do not attract the requirements of Section 188.

The company has complied with disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and provided detailed information as per SEBI Circular No. SEBI/HO/CFD/PoD-2/CIR/P/0155 dated November 11, 2024.