Pondy Oxides & Chemicals Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Pondy Oxides and Chemicals reported record FY25 revenue at INR2,028 Cr (+33% YoY), EBITDA at INR108 Cr (+39%), and PAT at INR65 Cr (+65%). Lead production grew 30% to 94,115 tons, with EBITDA per ton rising 21% to ~INR13,325. Lead capacity expansion Phase 1 (36,000 tons) is operational; Phase 2 is on track for H2 FY26 with INR20 Cr capex. FY26 capex is INR75 Cr across lead, copper, and plastics. Copper volumes may nearly double to 9,000-12,000 tons. Management targets 15% volume CAGR, 20%+ ROCE, and 8%+ EBITDA margins by 2030. Lithium-ion battery recycling commercialisation is planned for 2027. Working capital days improved to 50, with sales visibility at ~90% via long-term contracts.