Pondy Oxides And Chemicals (532626) Q3 25/26 earnings summary

Executive summary

• Achieved record quarterly and nine-month revenue, EBITDA, and PAT, driven by strong growth and capacity expansion in lead and copper segments, with export revenue contributing up to 67% of total.

• Strategic focus on sustaining over 15% volume growth, revenue CAGR above 20%, EBITDA margins above 8%, and ROCE above 20% by 2030, supported by robust balance sheet and experienced leadership.

• Board approved amalgamation of POCL Future Tech, enhancing vertical integration and cost efficiency in plastics.

• Financial results for Q3 FY2026 were reviewed and approved by the Board and subjected to a limited review by statutory auditors.

Financial highlights

• Q3 FY2026 consolidated revenue reached ₹77,993.38 lakhs (up 55% YoY); nine-month revenue at ₹2,02,313.61 lakhs (up 33% YoY).

• Q3 FY2026 EBITDA up 122% YoY to ₹5,910 lakhs; PAT up 148% YoY to ₹3,760 lakhs; nine-month EBITDA at ₹15,730 lakhs (up 96% YoY), PAT at ₹10,070 lakhs (up 114% YoY).

• EBITDA margin improved to 7.6% in Q3 FY2026 and 7.8% in nine months; PAT margin up to 5% in nine months.

• EPS (diluted) for Q3 FY2026 at ₹12.31, up 128% YoY; nine months at ₹33.78, up 94% YoY.

• Paid-up equity share capital as of December 31, 2025: ₹1,525.56 lakhs; reserves (excluding revaluation): ₹57,884.67 lakhs.

Outlook and guidance

• Targeting over 15% volume growth, 20%+ revenue CAGR, 8%+ EBITDA margins, and 20%+ ROCE by 2030.

• Ongoing capacity expansions in lead (204,000 MT/year) and copper (doubling to 12,000 MT/year by Jan 2026), with further diversification into lithium-ion and forward integration.

• Guidance for blended EBITDA margin remains at 7%-8% despite copper expansion.

• Management is monitoring regulatory changes, including new Labour Codes, and will account for any financial impact as rules are finalized.

• Estimated Q4 FY2026 capex of ₹3,500 lakhs; focus on value-added products and renewable energy usage above 50%.