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Pondy Oxides reported strongest ever Q2 & H1 FY26 results: H1 Revenue +22% YoY, EBITDA +83%, PAT +98%. Achieved >8% EBITDA margins and net cash of ₹71 Cr. Lead Phase-1 plant operated at 50% utilization, with Phase-2 commissioning in H2 FY26. Copper segment is also expanding for value-added products, with rollout expected in H1 FY27. Management sees sustainable 8%+ EBITDA margins, aiming for 20%+ year-on-year growth. Strategic focus on value-added products and operational efficiency positions for long-term growth, with future exploration in lithium-ion eyed by 2027.