Financial Performance Summary (Standalone)

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from Operations: ₹932 Cr (up 80% YoY from ₹517 Cr)
  • EBITDA: ₹61 Cr (up 124% YoY from ₹27 Cr)
  • EBITDA Margin: 6.5% (expanded from 5.3%)
  • Profit Before Tax: ₹51 Cr (up 132% YoY from ₹22 Cr)
  • Profit After Tax: ₹38 Cr (up 111% YoY from ₹18 Cr)
  • PAT Margin: 4.1% (expanded from 3.5%)
  • Diluted EPS: ₹12.47 (up 105% YoY from ₹6.08)

Quarterly Sequential Performance (Q4 FY26 vs Q3 FY26)

  • Revenue from Operations: ₹932 Cr (up 20% QoQ from ₹776 Cr)
  • EBITDA: ₹61 Cr (up 3% QoQ from ₹59 Cr)
  • EBITDA Margin: 6.5% (contracted from 7.6%)
  • Profit Before Tax: ₹51 Cr (down 1% QoQ from ₹51 Cr)
  • Profit After Tax: ₹38 Cr (up 1% QoQ from ₹38 Cr)
  • PAT Margin: 4.1% (contracted from 4.8%)
  • Diluted EPS: ₹12.47 (up 1% QoQ from ₹12.31)

Annual Performance (FY26 vs FY25)

  • Revenue from Operations: ₹2,939 Cr (up 45% YoY from ₹2,028 Cr)
  • EBITDA: ₹218 Cr (up 103% YoY from ₹108 Cr)
  • EBITDA Margin: 7.4% (expanded 210 bps from 5.3%)
  • Profit Before Tax: ₹186 Cr (up 120% YoY from ₹85 Cr)
  • Profit After Tax: ₹139 Cr (up 113% YoY from ₹65 Cr)
  • PAT Margin: 4.7% (expanded 150 bps from 3.2%)
  • Diluted EPS: ₹46.27 (up 96% YoY from ₹23.63)

Consolidated Performance

  • FY26 Revenue from Operations: ₹2,958 Cr (up 44% YoY)
  • FY26 EBITDA: ₹215 Cr (up 101% YoY)
  • FY26 PAT: ₹132 Cr (up 128% YoY)
  • Q4 FY26 Revenue: Increased 78% YoY
  • Q4 FY26 EBITDA: Increased 126% YoY
  • Q4 FY26 PAT: Increased 124% YoY

Operational Highlights

Sales Mix Analysis

  • Domestic vs Export Mix: 34% domestic, 66% export in FY26
  • Product Vertical Mix: 77% lead, 23% copper in FY26

Volume Metrics

  • Lead Sales Volume: 100,727 MT in FY26 (up 11% YoY)
  • Q4 FY26 Lead Sales: Remained stable YoY
  • Copper Sales: Increased 11.11 times in FY26 to ₹672.58 Cr

Procurement Mix

  • Lead Imports: Approximately 73% in FY26
  • Plastics Imports: Approximately 61% in FY26
  • Copper Imports: Approximately 98% in FY26

Efficiency Metrics

  • EBITDA per Ton of Lead: ₹18,462 per ton in FY26 (up 39% YoY)
  • Q4 FY26 EBITDA per Ton: ₹19,739 per ton (up 43% YoY)

Strategic Updates

Capacity Expansion

  • Lead Capacity: Increased from 132,000 MTPA to 204,000 MTPA at Thervoykandigai plant (over 50% expansion)
  • Phase 1 Commercial Production: Commenced Q1 FY26
  • Phase 2 Commissioning: December 2025
  • Expected Utilization: Ramping to 70% over coming quarters

Copper Expansion

  • Recycling Capacity: Doubled from 6,000 MTPA to 12,000 MTPA in FY26
  • Future Expansion: Adding 36,000 MTPA capacity in two phases for finished copper products
  • Capex Commitment: Approximately ₹200 Cr for copper expansion

Target 2030 Vision

  • Volume Growth Target: Over 15%
  • Revenue CAGR Target: 20%+
  • EBITDA Margin Target: Above 8%
  • ROCE Target: Exceeding 20%
  • Value-added Products Target: More than 60% of revenue
  • Sustainability Target: Reduce energy consumption by over 20%

Capital Expenditure

  • FY26 Capex: ₹49 Cr invested
  • Future Capex: Expects to invest around ₹180 Cr

Management Commentary

Mr. Ashish Bansal, Managing Director, highlighted:

  • Five-year performance: 24% revenue CAGR, 52% EBITDA CAGR, 67% PAT CAGR
  • FY26 growth drivers: Higher production and sales volumes across Lead and Copper segments, improving product mix
  • Financial strength: Healthy balance sheet with ROCE of 17%
  • Strategic positioning: Clear roadmap, robust balance sheet, disciplined execution, sizeable land bank
  • Future outlook: Well-positioned to capitalize on opportunities and drive long-term sustainable growth

Company Background

Pondy Oxides and Chemicals Limited is India's leading recycling and manufacturing company in non-ferrous metals, incorporated in March 1995. The company is listed on BSE and NSE and is India's first 3N7 London Metal Exchange (LME) Registered Lead brand. The company serves major battery manufacturers with customized alloys and has strategic location advantages near ports.