{"id":136516,"date":"2022-11-11T02:57:22","date_gmt":"2022-11-11T07:57:22","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136516"},"modified":"2022-11-11T06:23:19","modified_gmt":"2022-11-11T11:23:19","slug":"pondy-oxides-net-profit-drops-by-22-in-q2fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/pondy-oxides-net-profit-drops-by-22-in-q2fy23\/","title":{"rendered":"Pondy Oxides net profit rises over a percent sequentially in Q2FY23"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">Pondy Oxides reported a sequential rise in its net profit by over a percent. On a yearly basis, it reported a 22% drop in the net profit from INR 15 crores in Q2FY22 to INR 12 crores in Q2 FY23. This happened on account of 25% fall in the total revenue of the company to INR 300 crores. The company has further managed its expenses very well as cost of raw materials consumed have gone down 23% from the last quarter.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Surprisingly, the interest cost for the company has reduced by over 50% on year resulting in an improvised bottom line. Further, the EPS plummeted by 22% on account of falling revenue, during the same period.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Further, the Board of Directors approved the issue of one Bonus Equity Share for every one Equity Share held by the Equity Shareholders of the Company  The Bonus Issue of Equity Shares was approved by the shareholders in their AGM held on September 21, 2022. The &#8220;Record Date&#8221; was fixed as September 29, 2022 for determining the eligible Shareholders entitled to receive Bonus Shares. Post which the Bonus Equity Shares were allotted on September 30, 2022 and the trading approval for the same was received on October 06, 2022 to commence the trading from October 07, 2022<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Lastly, to enhance the company&#8217;s portfolio of other non-ferrous metals apart from Lead and Copper, the company has recognized an opportunity to recycle Aluminum. Hence, the company intends to set up an aluminum recycling \/ melting facility at its existing premises located in Sriperumbudur, Tamil Nadu as part of the expansion strategy for 2022-23 at an estimated total investment on plant and machinery and pollution equipment&#8217;s of INR 5 crore.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-1024x512.png\" alt=\"\" class=\"wp-image-136549\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-1024x512.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-300x150.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-768x384.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-1536x768.png 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-2-1-2048x1024.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-1024x512.png\" alt=\"\" class=\"wp-image-136532\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-1024x512.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-300x150.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-768x384.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-1536x768.png 1536w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/11a28025-993f-4f83-94e0-6ccfd925ae9a-1-1-2048x1024.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Pondy Oxides reported a sequential rise in its net profit by over a percent. On a yearly basis, it reported a 22% drop in the net profit from INR 15 crores in Q2FY22 to INR 12 crores in Q2 FY23. This happened on account of 25% fall in the total revenue of the company to [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,5],"tags":[10012,10010,8985],"class_list":["post-136516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-latest","tag-copper-recycling-company","tag-lead-smelting-company","tag-renewable-plastics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136727,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-chemicals-ltd-q2fy23-earnings-snapshot\/","url_meta":{"origin":136516,"position":0},"title":"Pondy Oxides &#038; Chemicals Ltd. Q2FY23 Earnings Snapshot","author":"Chirag Gupta","date":"November 14, 2022","format":false,"excerpt":"Pondy Oxides reported a sequential rise in its net profit by over a percent. On a yearly basis, it reported a 22% drop in the net profit from INR 15 crores in Q2FY22 to INR 12 crores in Q2 FY23. This happened on account of 25% fall in the total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132715,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-starts-fy23-on-stellar-note-net-profit-up-35-revenue-jumps-49\/","url_meta":{"origin":136516,"position":1},"title":"Pondy Oxides Starts FY23 On Stellar Note, Net Profit Up 35%, Revenue Jumps 49%","author":"Chirag Gupta","date":"August 10, 2022","format":false,"excerpt":"Pondy Oxides opened the FY23 with a robust performance wherein the total income grew 49% to INR 364 crores in Q1 FY23 from INR 243.97 crores in Q1 FY22. Net profit jumped 35% to INR 11.59 crores. Sequentially, the net profit rose 9%. The company has further managed its expenses\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":133044,"url":"https:\/\/alphastreet.com\/india\/infographic-pondy-oxides-opens-fy23-with-a-stellar-performance-as-revenue-grows-by-49\/","url_meta":{"origin":136516,"position":2},"title":"Infographic: Pondy Oxides Opens FY23 with a stellar performance as Revenue grows by 49%","author":"Chirag Gupta","date":"August 11, 2022","format":false,"excerpt":"Pondy Oxides opened the FY23 with a robust performance wherein the total income grew 49% to INR 364 crores in Q1 FY23 from INR 243.97 crores in Q1 FY22. 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POCL reported a total net income of \u20b9414.92 crores with a growth of 42% on a year on year comparison. The company had an EBITDA of INR 25.09 Crores, total net profit\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Pondy-Oxides-and-Chemicals-LimitedQ322-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Pondy-Oxides-and-Chemicals-LimitedQ322-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Pondy-Oxides-and-Chemicals-LimitedQ322-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Pondy-Oxides-and-Chemicals-LimitedQ322-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Pondy-Oxides-and-Chemicals-LimitedQ322-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":133048,"url":"https:\/\/alphastreet.com\/india\/whats-driving-investor-interest-in-pondy-oxides-and-chemicals-stock\/","url_meta":{"origin":136516,"position":4},"title":"What&#8217;s driving Interest in Pondy Oxides Stock?","author":"Karan_Singh","date":"August 12, 2022","format":false,"excerpt":"Stock DataBOMPONDYOXIDEExchangeBSEIndustryFerro & Silica Manganese Price Perf.Last 5 Days+0.39%YTD+50.18%Last 12 Months+66.30% \u201cPondy Oxides and Chemicals Ltd. has delivered a healthy quarterly result with a growth rate of 49.2% on year on top line and has delivered an earnings before interest tax, depreciation and amortization (EBITDA) of INR 17.75 crores for\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/08\/iStock-1351310209.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/08\/iStock-1351310209.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/08\/iStock-1351310209.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":147522,"url":"https:\/\/alphastreet.com\/india\/pondy-oxides-and-chemicals-q4fy23-283-growth-in-profits-qoq\/","url_meta":{"origin":136516,"position":5},"title":"Pondy Oxides and Chemicals Q4FY23; 283% Growth in Profits QoQ","author":"Karan_Singh","date":"May 30, 2023","format":false,"excerpt":"Pondy Oxides\u00a0reported a QoQ rise in its revenues of 17 percent. On a yearly basis, it reported a momentous 283% rise in the net profit from \u20b9 10.8 crores in Q3FY23 to \u20b9 41.4 crores in Q4FY23. 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