Pondy Oxide & Chemicals

Nov24 concall summary. Any further views @i_mustafa ?

Financial Performance:

• H1 FY24:
  • Revenue: INR 392 crores, a 22% increase from Q2 FY23
  • EBITDA: INR 52 crores, a 28% increase from Q2 FY23
  • PAT: INR 19.89 crores, a 20% increase from Q2 FY23

Management’s Projections:

Revenue:

• FY24: Target range of INR 1,800 crores to INR 2,000 crores
• FY25: Expected to grow by 22% to 28% compared to FY24, reaching INR 2,204 crores to INR 2,560 crores
• FY26: Projected to exceed INR 2,700 crores, indicating a growth of 35% to 50% compared to FY25

Expansion Plans:

• Doubling lead capacity:
  • Key focus area for the next two years
  • Construction of the new Harsha plant underway
  • Expected to contribute significantly to increased lead production
• Geographic expansion:
  • Targeting new markets in Middle East, Europe, and Southeast Asia
  • Leveraging existing expertise and established partnerships
  • Aiming to become a global leader in lead recycling
• New Verticals:
  • Exploring opportunities in lithium-ion and rubber recycling
  • Investing in research and development to develop new technologies
  • Diversifying business portfolio and unlocking new revenue streams

Concall transcripts