1. Opening Hook
While India debated gold prices this Diwali, Pondy Oxides quietly made its lead shine brighter. The company didn’t just recycle batteries — it recycled profits too, posting its strongest-ever quarter. CEO Ashish Bansal flexed an 8%+ EBITDA margin like it was a new alloy discovery, and CFO Vijay cracked balance sheet jokes with a ₹71 crore net cash punchline.
From talking lithium-ion dreams for 2027 to roasting the copper CAPEX skeptics, this concall had everything — ambition, sarcasm, and just enough chemistry to make analysts blush. Stick around — the real metals alchemy begins after the numbers. 😏
2. At a Glance
- Revenue ₹635 Cr (↑11% YoY): Apparently recycling pays better than IPOs now.
- EBITDA ₹55 Cr (↑84% YoY): Efficiency > Expansion, finally proven in India.
- EBITDA Margin 8.6%: The new cult number at POCL.
- PAT ₹36 Cr (↑105% YoY): Doubled, without doubling plant size.
- Exports 61% of revenue: Foreign buyers trust Indian scrap more than Indian banks.
- Net Cash ₹71 Cr: A metals company without debt — call SEBI, this needs verifying.
- Lead Volumes 26,308 MT (↑9% QoQ): Every tonne carried a bigger smile this quarter.
3. Management’s Key Commentary
Ashish Bansal: “We achieved our highest-ever quarterly and half-yearly performance.”
(Translation: Even our Excel sheets couldn’t believe it at first.)
Vijay Balakrishnan: “EBITDA margins crossed 8%, a major milestone.”
(Translation: We finally reached the level of small IT companies — minus the ping-pong tables.)
Ashish: “Phase-1 of our Thervoy Kandigai plant operated at 50% utilization.”
(Translation: We’re making money even before running full throttle — efficiency fetish confirmed.)
Kumaravel: “We are a zero net-debt company.”
(Translation: Creditors now send
