Pondy Oxides and Chemicals Limited (POCL), a leader in non-ferrous metal recycling and manufacturing, announced its best-ever financial performance for the fourth quarter and full fiscal year ending March 31, 2025 (FY25). The company’s strong operational execution, volume expansion across segments, and focus on value-added products have driven significant financial gains.

FY25 Financial Highlights

• Revenue from operations surged by 33% YoY to ₹2,028 crore, supported by increased production and sales in Lead, Plastics, and Copper.

• EBITDA rose by 39% YoY to ₹108 crore, maintaining robust margins above 5%.

• PAT grew by 65% YoY to ₹65 crore, reflecting better efficiencies and lower costs.

• In Q4 FY25, revenue stood at ₹517 crore (up 45% YoY), EBITDA at ₹27 crore (up 31% YoY), and PAT at ₹18 crore (up 46% YoY).

• Consolidated financials also echoed the strength, with revenue, EBITDA, and PAT rising by 33%, 44%, and 82% YoY, respectively.

Operational Highlights for FY25

• POCL’s procurement mix through imports was: Lead – 73%, Plastics – 65%, Copper – 100%.

• Production and sales of all major segments increased sharply:

  • Lead production rose by 30% YoY to 94,115 MT, and sales rose by 32% YoY to 90,565 MT.

  • Plastics production jumped 147%, sales soared 170%.

  • Copper production increased 818%, sales climbed 760% YoY.

• EBITDA per ton of Lead reached ₹13,848 in Q4 FY25, up 21% YoY.

Major Strategic Developments

1. Lead Capacity Expansion

POCL has started commercial production of the first phase (36,000 MTPA) of its Thervoykandigai Lead Capacity Expansion Project. The project cost ₹85 crore, funded by QIP proceeds and internal accruals. Phase 2 (additional 36,000 MTPA) is slated for commissioning by H2 FY26, with a capex of approximately ₹20 crore.

2. Fundraising via QIP

POCL successfully raised ₹175 crore through Qualified Institutional Placement (QIP). These funds will support its long-term TARGET 2030, which focuses on sustainability, expansion, and value creation.

3. Credit Rating Upgrade

CRISIL upgraded POCL’s credit rating to A/Stable, reflecting strong financial health, improved capital structure, and reduced leverage.

4. Dividend Declaration

The company announced its highest-ever dividend of ₹3.50 per share, marking 29 consecutive years of dividend payment.

TARGET 2030: Strategic Vision for the Future

POCL has laid out an ambitious vision for long-term growth. Under Target 2030, the company aims to:

• Achieve 15%+ volume growth annually.

• Sustain 20%+ CAGR in revenue and profit.

• Maintain EBITDA margins above 8%.

• Generate 60%+ revenue from value-added products.

• Ensure ROCE exceeds 20%.

• Reduce energy consumption by 20% or more, contributing to lower carbon footprint.

R&D and Future Investments

POCL plans to establish dedicated R&D facilities to expand its range of value-added offerings and enhance top and bottom-line growth. The company invested ₹94 crore in FY25 on capex and expects to invest ₹75 crore in FY26, emphasizing capacity expansion and technological advancement.

Management Commentary

Company Overview

Founded in 1995, Pondy Oxides and Chemicals Limited is one of India’s largest producers of Lead and Lead Alloys, catering to domestic and international markets. POCL holds the distinction of being India’s first 3N7 LME-registered Lead brand and enjoys approval from top battery manufacturers.

With strategic port proximities, a growing land bank, and strong export orientation, POCL continues to enhance its presence across non-ferrous metal recycling and manufacturing, including Plastics and Copper. The company combines innovation, environmental responsibility, and efficiency to create sustainable long-term value.

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