Pondy Oxides & Chemicals Ltd

Transaction details

• Nature: transmission of 52,68,110 shares by inheritance.
• Exemption: Regulation 10(1)(g) under SEBI (SAST) Regulations, 2011.
• Acquirer role: promoter and chairperson/MD; Transferor role: erstwhile promoter and chairperson.
• Shares transferred: 52,68,110; pre-holdings acquirer 11,597,250 (15.20%), transferor 5,268,110 (6.91%).
• Post-transaction acquirer holding: 16,865,360 shares (22.11%).
• Consideration: nil; transmission due to inheritance.
• Promoter group: no change in consolidated shareholding.

Transmission under Reg 10(1)(g)

• Acquisition by transmission of 52,68,110 equity shares from transferor to acquirer.
• Exemption: Regulation 10(1)(g) of SEBI Takeover Regulations.
• Acquirer role: promoter and Managing Director; Transferor role: erstwhile promoter and Chairman.
• Pre-transaction: Acquirer 1,15,97,250 shares (15.20%); Transferor 52,68,110 shares (6.91%).
• Post-transaction: Acquirer 1,68,65,360 shares (22.11%); Transferor 0 shares (0%).
• Method of acquisition: transmission; consideration: nil.
• Promoter group consolidated shareholding unchanged.
• No change in control status.

Financial Performance

• Revenue rose to INR 931 crores in Q1 FY27, up 56% YoY.
• Lead EBITDA INR 56 crores; Lead PAT INR 36 crores; margins 6% and 3.9%.
• Copper EBITDA per ton rose 66% YoY to INR 48,488.
• Consolidated revenue up 55%, EBITDA up 33%, PAT up 43% YoY.

Operational Update & Mix

• Copper volumes grew >3x YoY in Q1 FY27; ramp-up ongoing.
• Copper is expected to contribute about 45% of FY27 revenue as capacity ramps.
• Lead value-added mix was about 85% in Q1; annual target 65–70%.

Copper & Lead Expansion and Capex

• Copper cathode capacity planned at 36,000 tpa; Phase I 18,000 tpa by Dec 2026.
• Phase II 18,000 tpa to be commissioned by Q3 FY28.
• Copper recycling capacity added 6,000 tpa in Q4 FY26; 75% utilization targeted by FY27.
• Spent around INR 25 crores on copper project; trial production due Dec 2026.

Sourcing, Costs & Logistics

• Middle Eastern procurement below 5%; diversifying to SE Asia and other regions.
• Other expenses up 16% YoY and 44% sequential; fuel prices and additives major drivers.
• Domestic copper scrap sourcing projected at 25–30% of input; shipping route delays discussed.
• EPR credits monetization not yet realized; potential benefit if domestic procurement improves.

Guidance & Roadmap

• Copper revenue share expected around 45% for FY27.
• Lead value-added mix guidance 65–70% for the year.
• FY27 capex guidance INR 175 crores; maintenance INR 20–25 crores; copper capex INR 140–150 crores.
• Cathode margin guidance: blended INR 60,000–65,000 per ton; efficiencies to improve over time.
• 2030 roadmap targets: >15% volume growth; >20% CAGR in revenue & profitability; EBITDA >8%.

Liquidity & Working Capital

• Quarter-end working capital cycle 46 days, vs 53 days earlier; positive cash flow reported.

Q&A Highlights

• Lead volume guidance largely maintained; supply-chain constraints may affect near-term execution.
• Lead EBITDA per ton sustainable range of INR 18,000–20,000; high Q1 mix was value-added driven.
• Copper capacity addition to benefit in Q4; 4,000 MT in Q1; 75% overall utilization.
• Copper cathode plant to be on a new Tamil Nadu site; current recycling plant in Andhra Pradesh.

R&D & Additional Notes

• Lithium-ion pilot ongoing with strategic partners; currently LFP chemistry; further updates pending.

Ancillary Production Updates

• Plastic division turned profitable with net ~INR 15 lakhs; ~800 tons produced.
• Aluminium division production ~200 metric tons.

Meeting Details

• Date and time: Aug 5, 2026, 3:30 PM IST.
• Type and mode: investor call, virtual.
• Event: Q1 FY27 Earnings Con-call Invite by Pondy Oxides & Chemicals Limited.

Participants

• Company participants (roles) not specified in filing.

Purpose

• Discuss Q1 FY27 financial performance.

Additional Notes

• Availability of recording/presentation not stated.

Meeting Details

• Date and time: Aug 5, 2026 at 3:30 PM IST.
• Type/Mode: investor call, earnings con-call, virtual.
• Event: Q1 FY27 Earnings Con-call.

Participants

• Company participants: not listed in filing excerpt.

Purpose

• Purpose: discuss Q1 FY27 financial performance.