Pondy Oxides & Chemicals Ltd Share Price – NSE /  BSE

Non Ferrous Metals, Small Cap

The company's board authorized and declared the opening of the issue on Tuesday, 17 December 2024.

The floor price of Rs 902.93 is at a discount of 0.82% to the scrip’s previous closing price of Rs 910.35 on the BSE.

The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead manager appointed for the issue.

Pondy Oxides said that it intends to use the net proceeds towards funding the working capital requirements of the company; for funding the capital expenditure that involves setting up a recycling and processing unit in Thiruvallur, Tamil Nadu; and for general corporate purposes.

Pondy Oxides & Chemicals is India’s leading recycling and manufacturing company and a pioneer in lead and lead alloys.

The company’s standalone net profit surged 112.85% to Rs 17.39 crore in Q2 FY25 as compared with Rs 8.17 crore in Q2 FY24. Revenue jumped 45.73% to Rs 572.43 crore during the quarter as compared with Rs 392.80 crore posted in same quarter last year.

The scrip shed 0.70% to currently trade at Rs 904 on the BSE.

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Revenue jumped 45.73% to Rs 572.43 crore during the quarter as compared with Rs 392.80 crore posted in same quarter last year.

Profit before tax (PBT) spurted 111.42% YoY to Rs 23.32 crore in Q2 FY25.

EBITDA stood at Rs 30 crore as on quarter ended 30 September 2024 as compared with Rs 18 crore in Q2 FY24. EBITDA margin stood at 5.2% in Q2 FY25 as against 4.5% in Q2 FY24.

On consolidated basis, the company’s net profit surged 168.49% to Rs 15.25 crore on 45.94% jump in revenue from operations to Rs 579.10 crore in Q2 FY25 over Q2 FY24.

On half-yearly basis, the company’s revenue increased to Rs 1,024 crore (up 42% YoY) on PAT stood at Rs 28 crore (up 188% YoY) in H1 FY25.

In H1 FY25, the production of Lead has increased significantly by 50% (YoY) to 46,855 MT, the sale of Lead has increased by 47% (YoY) to 45,959 MT.

The sales mix between domestic and export markets stood at 32% and 68% respectively. The percentage of value-added products in the Lead segment has been constant.

Ashish Bansal, managing director: “I am pleased to announce that POCL has delivered outstanding performance in Q2 and H1 FY25 across all areas. Revenue, EBITDA, and PAT have shown significant growth for Q2 and H1 FY25, driven by strong operational performance, including increased production and sales of Lead, Plastic, and Copper. The enforcement of stringent government regulations such as BWMR, EPR, and the Reverse Charge Mechanism, along with significant capacity expansions, capex plans, enhanced operational efficiencies, experienced leadership, and strong support from all stakeholders, bodes well for POCL's growth. I am certain that with ongoing stakeholder support, POCL will successfully meet its TARGET 2030.”

Pondy Oxides & Chemicals Principle Activities of the Company are converting scraps of various forms of Lead, Alumnium and Copper into Lead Metal, Aluminium Metal, Copper and its Alloys.

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Net profit of Pondy Oxides & Chemicals rose 168.19% to Rs 15.26 crore in the quarter ended September 2024 as against Rs 5.69 crore during the previous quarter ended September 2023. Sales rose 45.93% to Rs 579.11 crore in the quarter ended September 2024 as against Rs 396.83 crore during the previous quarter ended September 2023.

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Net profit of Pondy Oxides & Chemicals rose 112.85% to Rs 17.39 crore in the quarter ended September 2024 as against Rs 8.17 crore during the previous quarter ended September 2023. Sales rose 45.73% to Rs 572.43 crore in the quarter ended September 2024 as against Rs 392.81 crore during the previous quarter ended September 2023.

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