PONDY OXIDES & CHEMICALS LTD
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BSE Code:
532626
NSE Code:
PONDYOXIDE
Business Profile
Business Profile
Pondy Oxides & Chemicals (PONOXICH), incorporated in 1995, is engaged in the manufacture of metallic oxides and plastic additives. The company has three business divisions; metallic oxides, PVC stabilizers and energy. The metallic oxide division manufactures products like zinc oxide, lead sub oxide, litharge and red lead. Its PVC stabilizers division manufactures lead-based stabilizers, liquid stabilizers, paint driers, plasticisers and lubricants. The energy division of the company manufactures high-power batteries which finds application in UPS, domestic inverters, emergency lighting, and automobiles. PONOXICH has four manufacturing units, two at Pondicherry and two at Tamil Nadu. Baschem Pharma is its subsidiary company based in Maraimali Nagar, Tamil Nadu. It is engaged in the manufacture of liquid stabilizers epoxy oil and paint driers.
Financials
Pondy Oxides & Chemicals registered a 39.53% growth in net profits to Rs 10.59 million for the quarter ended in June, 2007 from a profit of Rs 7.59 million for the quarter ended in June, 2006Net Sales for the quarter rose 69.85% to Rs 396.93 million for the quarter ended June, 2007 from Rs 233.69 million for the quarter ended June, 2006.Total income rose 69.94% to Rs 397.42 million for the quarter ended June, 2007, from Rs 233.86 million for the quarter ended June, 2006.The earnings per share (EPS) of the company stood at Rs 1.05 in the quarter ended June, 2007 .
Recent Developments
09-JAN-07
1. January 20, 2007 has been fixed as the record date for the purpose of bonus issue and consolidation of shares. The board of directors approved the issue of bonus shares in the ratio of 1 share for every 10 shares held.2. The company`s board at its EGM had accorded listing of shares of the company on the National Stock Exchange (NSE).