Lloyds Metals Profit Jumps 166% To ₹1,734 Crore

Lloyds Metals and Energy Limited has reported a significant increase in its consolidated net profit for the first quarter of FY27. The company's net profit jumped 166% year-on-year to ₹1,734 crore, compared to ₹651.9 crore in Q1 FY26.

The company's revenue from operations also saw a substantial increase, surging 208% YoY to ₹7,354 crore from ₹2,384 crore. This growth can be attributed to the strong performance of the company's operating segments, which include mining of iron ore, steel and related value-added products, MDO operations and related services, and copper and related products.

In terms of sequential growth, the company's profit rose 13.3% from ₹1,530 crore in Q4 FY26, while revenue increased 22.2% from ₹6,020 crore. Total income stood at ₹7,483 crore in the April-June quarter, up from ₹2,411 crore in Q1 FY26.

The company's profit before tax increased to ₹2,405 crore from ₹787.3 crore in the corresponding quarter last year. Total expenses rose to ₹5,110 crore from ₹1,624 crore during the same period. Finance costs increased to ₹275.5 crore from ₹167.6 crore in Q4 FY26, while depreciation rose to ₹261.5 crore from ₹224.4 crore.

The company's mining segment revenue stood at ₹3,503 crore, while steel and related value-added products generated ₹2,269 crore. MDO operations and related services contributed ₹2,762 crore, while copper and related products contributed ₹444.3 crore.

After eliminating inter-segment revenue of ₹1,624 crore, net sales/income from operations stood at ₹7,354 crore. Basic earnings per share rose to ₹30.68 from ₹12.46 in Q1 FY26, while diluted EPS increased to ₹30.38 from ₹11.59.

The company's board has also approved investments in renewable wind and solar power projects under the group captive scheme. Additionally, it has approved an investment of up to ₹625 crore in subsidiary Thriveni Earthmovers and Infra Private Limited through a rights or further issue of capital.

For FY26, the group had reported revenue from operations of ₹17,113 crore and consolidated PAT of ₹3,829 crore. The company's strong Q1 results are a positive indication of its growth prospects, and investors will be closely watching its future performance.

The significant increase in Lloyds Metals' profit and revenue is a testament to the company's strong operational performance and its ability to capitalize on market opportunities. As the company continues to invest in new projects and expand its operations, it is likely to remain a key player in the metals and energy sector.

In conclusion, Lloyds Metals' Q1 results are a positive development for the company and its investors. With its strong financial performance and growth prospects, the company is well-positioned to navigate the challenges and opportunities in the metals and energy sector.