Pondy Oxides & Chemical , a leading recycling and manufacturing company in India, has reported robust financial results for the first quarter, while also announcing ambitious growth plans for the future.

Financial Highlights

Pondy Oxides & Chemical delivered an outstanding performance in Q1, with significant growth across key financial metrics:

• Revenue from operations increased by 36% year-on-year to ₹596.00 crore
• EBITDA surged by 82% to ₹43.00 crore
• Profit After Tax (PAT) grew by 90% to ₹28.00 crore
• EBITDA margin improved to 7.20%, up from 5.40% in the same quarter last year
• PAT margin increased to 4.60%, compared to 3.30% in the same quarter last year

The company's strong performance was attributed to increased production, sales, and realizations in both Lead and Copper segments.

Operational Performance

Pondy Oxides & Chemical reported significant operational improvements:

• Lead production increased by 17% year-on-year to 24,167 MT
• Lead sales grew by 9% to 22,530 MT
• EBITDA per ton of Lead rose by 48% to ₹16,898
• Copper capacity utilization more than doubled, leading to a significant increase in production and sales

Strategic Developments

The company has made progress on several strategic fronts:

1. Capacity Expansion: Pondy Oxides & Chemical commenced commercial production for Phase 1 of its 36,000 MTPA Lead capacity expansion at the Thervoykandigai plant. Phase 2, adding another 36,000 MTPA, is expected to be commissioned in H2 FY26.

2. Target 2030 Vision: The company has outlined a roadmap for sustainable growth and diversification, aiming to:

   • Deliver over 15% volume growth
   • Maintain a 20%+ revenue CAGR
   • Achieve EBITDA margins above 8%
   • Drive more than 60% of revenue from value-added products
   • Reduce energy consumption by over 20%

3. R&D Initiatives: Pondy Oxides & Chemical is planning to set up R&D facilities for creating value-added products in both its current portfolio and new feasible products.

Future Outlook

Pondy Oxides & Chemical has announced plans to double its revenue to ₹4,000.00 crore by FY30. The company's growth strategy includes:

1. Expanding production capacity
2. Increasing its global customer base
3. Implementing backward integration
4. Diversifying into specialty chemicals and EV battery materials sectors

Management Commentary

Mr. Ashish Bansal, Managing Director of Pondy Oxides & Chemical, commented on the results: "I am pleased to report that POCL has begun with its strongest quarterly performance to date, driven by solid operational execution. Crossing the 7% EBITDA margin is a significant milestone in our journey of sustained value creation. POCL remains well on course to achieve its Target 2030—centered on capacity expansion, 15%+ volume growth, 20%+ revenue CAGR, improved profitability, and a higher share of value-added products."

With its clear strategic roadmap, strong financial health, operational discipline, and favorable regulatory environment, Pondy Oxides & Chemical appears well-positioned for consistent long-term growth in the recycling and manufacturing sector.

Strong Financial Performance

Pondy Oxides & Chemical delivered an outstanding performance in Q1, with significant growth across key financial metrics:

• Revenue from operations increased by 36% year-over-year to ₹596.00 crore
• EBITDA surged by 82% to ₹43.00 crore
• Profit After Tax (PAT) grew by 90% to ₹28.00 crore
• EBITDA margin improved to 7.2%, up from 5.4% in the same quarter last year
• PAT margin increased to 4.6%, compared to 3.3% in the same quarter last year

The company's performance was driven by increased production, sales, and realizations in both Lead and Copper segments. Notably, the capacity utilization of Copper more than doubled, leading to a significant increase in production and sales.

Segment-wise Performance

The Lead segment continued to be the primary revenue driver, while the Copper segment showed promising growth.

Key Operational Highlights

• Lead production increased by 17% YoY to 24,167 MT
• Lead sales grew by 9% YoY to 22,530 MT
• EBITDA per ton of Lead increased by 48% YoY to ₹16,898

Auditor Appointments

In a board meeting held on July 23, POCL's directors approved several key auditor appointments:

1. Secretarial Auditor: KSM Associates, a Chennai-based company secretaries firm, has been appointed for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting.

2. Internal Auditor: Kalyanasundaram & Associates, a chartered accountancy firm operating since 1988, has been reappointed.

3. Cost Auditor: Vivekanandan Unni & Associates, a cost accounting firm with experience across various industries, has been reappointed.

These appointments were made based on recommendations from the Audit Committee.

Management Commentary

Mr. Ashish Bansal, Managing Director of POCL, commented on the company's performance: "POCL has begun with its strongest quarterly performance to date, driven by solid operational execution. Crossing the 7% EBITDA margin is a significant milestone in our journey of sustained value creation. POCL remains well on course to achieve its Target 2030—centered on capacity expansion, 15%+ volume growth, 20%+ revenue CAGR, improved profitability, and a higher share of value-added products."

With a clear strategic roadmap, strong financial health, and favorable market conditions, Pondy Oxides and Chemicals Limited appears well-positioned for continued growth and success in the coming quarters.

Upcoming Annual General Meeting

The company has scheduled its 30th Annual General Meeting (AGM) for September 18, to be conducted through video conferencing. The record date for the AGM and dividend purposes has been set for September 11.

As POCL continues to strengthen its financial position and corporate governance, investors and stakeholders will be watching closely to see if the company can maintain its growth trajectory in the quarters ahead.