Event Type and Details:

  • Q1 FY27 Earnings Conference Call held on Wednesday, 5th August 2026 at 03:30 PM IST
  • The call was hosted by Go India Advisors as moderators
  • Management participants included: Mr. Ashish Bansal (Chairman and Managing Director), Mr. K. Kumaravel (Director, Finance and Company Secretary), Mr. R. S. Vaidhyanathan (Executive Director), Mr. Vijay Balakrishnan (Chief Financial Officer), and Mr. Pratik Gupta (Associate Vice President, Operations)

Financial Performance Highlights:

  • Q1 FY27 revenue increased 56% YoY to INR 931 crores
  • EBITDA grew 30% YoY to INR 56 crores with margins at 6%
  • PAT increased 32% YoY to INR 36 crores with margins at 3.9%
  • Consolidated performance: Revenue up 55%, EBITDA up 33%, PAT up 43% YoY
  • Sales mix: Domestic 55%, Export 45%
  • Lead vertical export mix: 55%, Copper vertical export mix: 25%

Operational Performance:

  • Copper production and sales volumes increased more than 3x YoY
  • Copper EBITDA per ton rose 66% YoY to INR 48,488
  • Lead segment achieved highest ever EBITDA per ton of INR 21,595
  • Value-added products accounted for 85% of lead segment revenue
  • Plastic division turned profitable with INR 15 lakhs net profit on 800 tons
  • Aluminum production at approximately 200 metric tons

Strategic Initiatives and Capex:

  • 36,000 MTPA copper cathode facility under development at Thervoy kandigai plant, Tamil Nadu
  • Total investment of approximately INR 200 crores, fully funded through internal accruals
  • INR 25 crores already spent on the project
  • Phase 1 (18,000 MTPA) on track for commissioning by December 2026 with trial runs in Q4 FY27
  • Phase 2 targeted for commissioning by Q3 FY28
  • Incremental 6,000 MTPA copper recycling capacity commissioned in Q4 FY26 achieving 75% utilization

Guidance and Outlook:

  • FY27 lead volume guidance maintained at 125,000-130,000 tons
  • Copper expected to contribute approximately 45% of overall revenue in FY27
  • Target 2030 roadmap: 15% volume growth, 20%+ CAGR in revenue and profitability, EBITDA margins above 8%, ROCE exceeding 20%, over 60% revenue from value-added products
  • Sustainable lead EBITDA per ton guidance: INR 18,000-20,000
  • Copper cathode blended margin guidance: INR 60,000-65,000 per ton
  • Value-added product mix target: 65-70% for lead segment

Supply Chain Challenges:

  • Lead volumes moderated due to supply chain disruptions from Middle East shipping routes
  • Middle Eastern procurement below 5%, but shipping routes through Hormuz affected
  • Company exploring alternative sourcing from Southeast Asia and South America
  • Working capital cycle improved to 46 days from 53 days previously

Additional Business Updates:

  • CRISIL upgraded outlook to A positive from A stable while reaffirming credit rating
  • Lithium-ion recycling still in monitoring phase with evolving technology challenges
  • EPR credits available but not yet monetized

Additional Notes Section

  • The transcript was filed pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015
  • The information is available on the company website at www.pocl.com
  • The document represents a compliance filing of the earnings call transcript