POCL Enterprises Limited , a prominent player in the Lead Metal Industry, has been recognized for its outstanding export performance in the non-ferrous metals sector. The company has received prestigious accolades from the Engineering Export Promotion Council (EEPC) India for two consecutive years.

Award Details

POCL Enterprises Limited has been honored with the following awards:

• Top Exporter in Non-Ferrous Metals for 2021-22 (Medium Enterprise category)
• Top Exporter in Non-Ferrous Metals for 2022-23 (Medium Enterprise category)

The awards were presented at the 46th and 47th EEPC India Southern Region Export Award Ceremony held in Vijayawada, Andhra Pradesh.

Recognition of Excellence

These awards serve as a testament to POCL Enterprises' exceptional performance and strong international presence in the Lead Metal Industry. The company's achievement highlights its commitment to excellence in exports and its significant contribution to India's engineering export sector.

Company's Response

In a regulatory filing to the BSE Limited, POCL Enterprises expressed its delight at receiving these accolades. The company stated, "The award is a recognition to our performance and our international presence in the Lead Metal Industry."

About EEPC India

The Engineering Export Promotion Council (EEPC) India is a premier trade and investment promotion organization supported by the Ministry of Commerce & Industry, Government of India. It plays a crucial role in promoting engineering exports from India and recognizing outstanding performers in various categories.

This recognition by EEPC India underscores POCL Enterprises' growing stature in the non-ferrous metals export market and its contribution to India's engineering export growth story.

POCL Enterprises Limited has reported a robust financial performance for the first quarter, with significant growth in profitability and revenue.

Financial Highlights

• Consolidated net profit rose to ₹116.00 million, up 84% from ₹63.00 million in the same quarter last year.
• Revenue grew to ₹3.70 billion, compared to ₹3.60 billion in Q1 of the previous fiscal year.
• EBITDA increased significantly to ₹196.00 million from ₹128.00 million year-over-year.
• EBITDA margin expanded to 5.30% from 3.50%, indicating improved operational efficiency.

Segment Performance

The company's business is divided into three main segments:

1. Metal
2. Metallic Oxides
3. Plastic Additives

The Metal segment remained the largest contributor to revenue, generating ₹27.96 billion.

Board Meeting Outcomes

In addition to the financial results, POCL Enterprises' Board of Directors made several key decisions in their meeting held on August 11:

Appointment of Additional Directors

• Mr. Harish Kumar Lohia appointed as Additional Director in Non-Executive capacity.
• Mrs. Nupur Bansal and Mr. Sagar Bansal appointed as Additional Directors in Whole-time capacity for a period of 3 years.

Management Changes

• Mr. Venkataraman Yerra Milli resigned from the position of Whole-time Director but will continue as Executive Director – Marketing (Non-Board member).

Auditor Appointments

• M/s. CNGSN & Associates LLP appointed as Statutory Auditors for a period of 5 years.
• Mr. K. R. Vivekanandan appointed as Cost Auditor.
• M/s. A.K. Lunawath & Associates appointed as Internal Auditors.
• M/s. KSM Associates appointed as Secretarial Auditors for a period of 5 years.

Annual General Meeting

The 37th AGM is scheduled for September 26, to be held via video conferencing.

Dividend Record Date

September 5 has been set as the record date for dividend payment, subject to shareholder approval.

The company's strong Q1 performance, coupled with these strategic board decisions, positions POCL Enterprises for continued growth and operational excellence in the coming quarters.