Pondy Oxides and earnings calls.

Pondy Oxides delivered its strongest ever Q3 FY26 with standalone revenue of INR 776 crore (+55% YoY)Current reported value: INR 776 crore (+55% YoY). No comparable prior figure is available in the source record. and PAT of INR 38 crore (+148% YoY)Current reported value: INR 38 crore (+148% YoY). No comparable prior figure is available in the source record., driven by robust volume growth in lead and copper segments. Lead production surged 57% YoY to 33,271 MTCurrent 33,271 MT. Reported change: +57% YoY. with EBITDA/ton of INR 17,427Current reported value: INR 17,427. No comparable prior figure is available in the source record. reflecting operational efficiency. The 36,000 MT lead expansion commissioned in December 2025 took total capacity to 204,000 MT (+54% YoY). Copper volumes tripled to 1,235 MT with 15x revenue growth to INR 296 crCurrent INR 296 Cr. Reported change: 15x YoY.ore. EBITDA margin of ~7.6% remained within guided 7-8% range despite copper price volatility causing a INR 7.28 crore MTM provision. Value-added products constituted 65%Current 65%. Reported change: +500bps vs target. of lead revenue, ahead of 60% target. Management reiterated FY30 targets of 20%+ volume CAGR and 20%+ revenue/earnings growth with EBITDA margins above 8% and ROC above 20%. The India-EU trade agreement represents a structural catalyst for European market penetration. Key risks include copper price volatility impacting margins, lower-than-expected utilization at the new copper plant, and delayed Mundra expansion (now slated H2 CY27).