Key Financial Performance (Q1 FY27)

  • Revenue: INR 3,388 Million, representing a 35.2% year-on-year (YoY) growth.
  • Profit After Tax (PAT): INR 199 Million, representing a 6.0% YoY growth.
  • EBITDA: INR 847 Million (as per a highlighted metric in the presentation).
  • The company also references LAl (likely Loss After Tax or a similar metric) of INR 847 Million in a different context, though the specific meaning is not fully clarified.

Operational and Strategic Highlights

  • Capacity & Utilization: Installed manufacturing capacity is 1,56,950 MTPA (Metric Tonnes Per Annum). Capacity utilization was approximately 65% as of 30th June 2026.
  • Land Acquisition: Completed the registration and handover of a 5.56-acre land parcel at Naidupet, Andhra Pradesh. This is intended to support prospective expansion initiatives.
  • Exchange Listings: The company's pure lead brand 'ARDEE LEAD 9997' is listed on both the MCX (Multi Commodity Exchange of India) and the LME (London Metal Exchange). This is presented as a strategic move to enhance credibility, enable transparent pricing, support hedging, and expand its global footprint.
  • Business Model: Ardee operates a circular economy model, specializing in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product portfolio includes pure lead (99.97% – 99.985% purity) and various lead alloys (calcium, antimony, tin, silver, cadmium).
  • Customer Base: The company serves 150+ customers across 6+ industries, including industrial manufacturing, telecom backup power, inverter & UPS systems, and renewable energy storage. It emphasizes a relationship-first approach with large corporate clients.
  • Sourcing: Raw materials are sourced globally from scrap streams, including used lead-acid batteries (ULABs). The company has a diversified supplier base across 50 countries.
  • Manufacturing Facility: The fully integrated, ISO-certified facility is spread across 7.61 acres in Naidupet, Andhra Pradesh. It is equipped with 8 rotary furnaces, 14 refining kettles, and 7 ingot casting machines.

Management Commentary

Mr. Sandeep Aggarwal, Chairman and Managing Director, provided commentary on the results. He cited "healthy demand across our product portfolio and strong customer offtake" as drivers for revenue growth. He emphasized the company's focus on "operational discipline and profitable growth" and its strategy of building trust with large, credible clients. He also noted the recent listing on BSE and NSE on August 12, 2026, as a significant milestone and foundation for future growth.

Strategic Priorities for Future Growth

The presentation outlines several strategic priorities:

1. Expanding Manufacturing Capacity to capture growing demand.

2. Expanding Global Footprint by leveraging the LME listing.

3. Broadening Customer Base across domestic and international markets.

4. Strengthening Financial Position by reducing borrowings and improving internal accruals.

5. Scaling Sustainable Recycling by investing in infrastructure and technology.