Pondy Oxides and · tone and specificity signals across the available quarters.
Language signals
We have already started looking into other regions like the Southeast Asian region and little more on the domestic part of it and those specific shipping routes will have to be avoided. Because of it there could be a little impact on the pricing in terms of raw material overall but it will find its balance in the new course.
The blended margin guidance on the cathode will be approximately 60 to 65,000 but definitely that should go up once the efficiencies come in. Whatever we sell the recycled product directly without processing into the cathode plant will be about 40,000 per ton.
When you look at percentage it might be slightly lower [for EBITDA margin] but in terms of absolute quantum it will be much higher. We will be able to have a blended 8% by 2030 but we are confident we'll achieve much before that.
We are making steady progress on a capacity expansion road map. The second phase of lead expansion project adding 36,000 metric tonnes per annum was commissioned and became operational in December 2025. As a result, the total lead capacity has increased from 132,000 metric tonnes per annum in FY25 to 2 lakh 4,000 metric tonnes per annum, representing an increase of over 50%.
The India EU trade deal serves as a structural catalyst for PCL, enhancing our global price competitiveness, securing long-term demand visibility and solidifying our status as an organized compliant leader capable of meeting Europe's strict sustainability standards.
We have always guided our margins to be in the range of 7 to 8% EBITDA and these will continue as copper increases its capacity as we are increasing the copper capacity as well which is currently at a lower EBITDA range but we are also adding forward integration products on copper which will also have a higher margin.
We have not spoken anything on bus bars or any other wires... definitely yes the copper cathode project by itself is a forward integration from what we are doing currently recycling and yes from the point where we are doing recycling now when we reach our completion of this copper anode and cathode project the margins per ton will significantly [improve]
The 70% what we spoke was more for the specifically for the TKD plant in terms of volume like I just spoke looking at somewhere around 1 lakh 25 to 1 lakh 30,000 tons of volume for this year
We are a debt-free company in terms of any long-term debts... going ahead that will also reduce with our inventory days coming down to 45 to 50