loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Lloyds Metals & Energy Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Lloyds Metals & Energy Ltd. 28 Jan 2025 17:31 PM
Result PDF

Q3FY25 Quarterly Result Announced for Lloyds Metals & Energy Ltd.

Coal & Mining company Lloyds Metals & Energy announced Q3FY25 results

Q3FY25 Financial Highlights:

  • Total Income: Rs 16,932 million compared to Rs 19,236 million during Q3FY24, change -12%.
  • EBIDTA: Rs 5,545 million compared to Rs 4,608 million during Q3FY24, change 20.3%.
  • EBIDTA Margins: 32.75% for Q3FY25.
  • PBT: Rs 5,241 million compared to Rs 4,442 milliojn during Q3FY24, change 18%.
  • PAT: Rs 3,893 million compared to Rs 3,315 million during Q3FY24, change 17.4%.
  • PAT margin: 22.99% for Q3FY25.

Result PDF

Result PDF

Mining company Lloyds Metals & Energy announced H1FY25 results

  • Total Income: Rs 38,929 million.
  • EBITDA: Rs 11,693 million.
  • EBITDA Margin: 30.04%.
  • PAT: Rs 8,587 million.
  • H1FY25 Revenue was 26% YoY Rs 38,929 crore compared to Rs 30,886 during H1FY24, led by higher sponge and Iron ore volumes. On the iron ore front, both volumes and realisations were encouraging YoY. Sponge, too, recorded higher volumes and realisations YoY
  • EBITDA, too, replicated the revenue performance, growing by 37% YoY in H1FY25. Both iron ore and Sponge led such robust performance. Backed by higher margins.
  • Company has incurred a capex of Rs 16,900 million in FY24. and Rs 17,140 million in H1FY25.

Result PDF

Iron & Steel company Lloyds Metals & Energy announced Q4FY24 & FY24 results:

Financial Highlights:

  • Q4FY24 Revenue was 74% YoY, led by Higher sponge and Iron ore volumes. FY24 revenue, too, witnessed a robust growth of 90% YoY, which was predominantly led by higher iron ore volumes.
  • EBITDA, too, replicated the revenue performance, growing by 153% YoY in Q4FY24 and 101% for FY24. Both iron ore and Sponge led such robust performance.
  • Company has incurred a capex of Rs 16,900 mn in FY24.
  • Dividend Declared for FY24 at100% (Face Value-Re 1)

Iron Ore Segment:

  • Iron ore mining volumes for Q4FY24 stood at 2million tonnes. For FY24, iron ore volumes stood at 10mn tonnes higher by 88.7% YoY.
  • EBITDA per tonne for Q4FY24 stood at Rs 2,375, higher by 18.5% YoY and for FY24 it stood at INR1714, higher by 24.6% YoY.

DRI & Power Segment:

  • DRI segment reported Q4FY24 production at 67,242, higher by 30% YoY. For FY24, the Dri volumes were higher by 29% YoY. 
  • Power also reported healthy performance, with 5% higher sales YoY for Q4FY24.

Commenting on overall performance, Rajesh Gupta– Managing Director, said: Embracing the triumphs of FY24, we stand before stakeholders with a resounding sense of optimism. Our company's journey through this fiscal year has been nothing short of extraordinary, marked by unparalleled growth and unwavering commitment to excellence. The remarkable surge in FY24 EBITDA, with Q4FY24 witnessing a staggering 153% YoY growth and FY24 overall experiencing a robust 101% YoY increase, reflects our unwavering dedication to financial strength and operational efficiency. This outstanding performance underscores our strategic foresight and ability to capitalise on market opportunities. Iron ore mining volumes for Q4FY24 stood at 2mn tonnes, with FY24 volumes reaching 10mn tonnes, marking an 88.7% YoY increase. Additionally, DRI volumes for FY24 were higher by 29% YoY, attributed to the successful operation of the new DRI facility at Konsari.Guided by this roadmap, our capex program advances steadily, laying the foundation for transformative change. The upcoming expansion of our iron ore mining capacity to 55 million tonnes is a pivotal milestone in our company's history, poised to redefine our industry standing. Our capex plans, including the progress on key facilities such as the 85-kilometer slurry pipeline and the 360-kilotonne DRI plant, are swiftly advancing. As we embark on the journey ahead, we remain filled with optimism, envisioning a future filled with boundless possibilities.

Result PDF

Iron & Steel/Intermediate Products company Lloyds Metals & Energy announced Q2FY24 & H1FY24 results:

Financial Highlights:

  • In H1FY24, the company reported revenue of Rs 30,886 million, marking an impressive 100% YoY increase. Q2FY24 revenue also saw substantial growth, up by 62% YoY. This robust performance was primarily driven by higher iron ore volumes.

  • EBITDA for H1FY24 reached Rs 8,540 million, indicating a notable 92% YoY increase. EBITDA for Q2FY24 also witnessed substantial growth, up by 81% YoY.

  • The profit for H1FY24 increased by 56% YoY, and the profit for Q2FY24 also recorded a significant growth of 62% YoY.

  • Expansion Approval: In Q2FY24, the company's board approved an expansion of steel production capacity from the initially planned 0.5 million tonnes to 1.2 million tonnes. The company found that installing a 1.2 million tonne steel plant would be more economical than the previous plan of 0.5 million tonnes. This expansion is expected to proceed without significant delays in permissions or timing.

Mining:

  • Dispatch volumes in mining reached 5.2 million tonnes in H1FY24, representing a remarkable 115% YoY increase. Dispatch volumes for Q2FY24 were at 2.0 million tonnes, demonstrating a higher YoY growth rate.

  • The realization in Q2FY24 increased by 22% YoY but decreased by 13% QoQ.

DRI & Power:

  • DRI and Power segments reported steady performance for H1FY24.

  • Revenue from DRI & Power in H1FY24 increased by 11% YoY. DRI production saw a 23% increase, and power production increased by 53% YoY for H1FY24.

  • Realization for DRI and power remained soft both on a YoY and QoQ basis.

Commenting on overall performance, Rajesh Gupta– Managing Director, said, “Despite Q2FY24 being a traditionally softer quarter for mining due to the monsoon season, Lloyds Metals has defied expectations. Encouragingly, we saw improved realisations and reported better EBITDA per tonne on iron ore than the previous year. EBITDA margins for ore remained flat QoQ, even in the face of lower production, which is a positive outcome. Our sponge production for H1FY24 was strong, and although a routine shutdown in Q2FY24 impacted QoQ production, our sponge margins remained consistent. Regarding new developments, we have embarked on seed marketing of pellets from Goa for exports, forming a strategic partnership with MRPL. This aligns seamlessly with our growth strategy, enhances our market presence, and optimises operations for increased profitability. Lloyds Metals' commitment to expansion has been commendable. Our execution capabilities shone through as we completed our 70k DRI plant in 13 months from environmental clearance. This plant is a testament to our dedication to the development of Gadchiroli and is the first of its kind in the region. Our progress in steel-making is equally promising, and I am buoyant about the prospects of our company. Lloyds Metals remains steadfast in ensuring long-term value for our stakeholders.”

Further Commenting on the Company’s performance, Prabhakaran – Managing Director, said, “Both production and dispatches have been impressive for the half-year ending in September 2023. Lloyds Metals is unwavering in our commitment to developing the Gadchiroli region, leaving no stone unturned in our pursuit. Our vision is aligned with the aspiration of making Gadchiroli the next steel hub of India, and we are making substantial headway toward that goal. We believe in holistic development, emphasising the region's well-being, employment, and environmental sustainability. At Lloyds Metals, we prioritise our stakeholders, employees, and all those associated with the company's growth. We are dedicated to building enduring relationships, ensuring that everyone remains connected with our journey for the long term.”

 

 

Result PDF

Iron & Steel/Intermediate products company Lloyds Metals & Energy announced FY23 & Q4FY23 results:

  • FY23:
    • Revenue for FY23 stood at Rs 34,667 higher by 377% YoY
    • For FY23 EBITDA for the company increased by 5x YoY
  • Q4FY23:
    • Revenue for Q4FY23 stood at Rs 8,957 million higher 161% YoY and lower 12% QoQ.
    • Volumes for iron ore in Q4FY23 stood at 1.1 million tonnes lower by 35% QoQ.
    • EBITDA for Q4FY23 stood at Rs 1,840 million higher by 50% YoY and lower by 28% QoQ. Lower volumes for Q4FY23 led to degrowth on a QoQ basis.

Commenting on the performance of the company, Rajesh Gupta - Director, said: “FY23 has been the first full year of our iron ore mining operations. The journey so far has been quite encouraging. We have built a full ecosystem wherein our future growth has been given a meaningful direction. We created an infrastructure in the Gadchiroli region which shall be very instrumental for our future growth.

Our FY23 performance, begin on a sound note but was slowed in Q2 on account of various domestic and global factors. That led to some softening in ore prices as the market was re-balancing the demand/supply situation. However, post Q2FY23 iron ore prices have been quite stable and have been looking very encouraging. We have been witnessing a steady improvement in our realisations and margin, thus recording peak realisations in Q4FY23 for FY23. Our sponge and power plant operations have seen a remarkable improvement in their performance. Our Capacity utilisation for the DRI plant increased to 76% in FY23 as against sub-45% in FY22. We thus end FY23 on a sound footing with an overall improvement in all aspects, with a big kicker being the enhanced capacity of our iron ore mine to 10 mnt per annum. This is expected to take the growth of our company to a new trajectory altogether. Along with enhanced capacity, economies of scale too would have a sustainable impact on our margins going ahead”.

Further commenting on overall performance, Mukesh Gupta - Chairman said: “It gives us immense pleasure to look at our FY23 performance. We have seen a leap in our growth in a tough social and challenging economic environment. Going ahead with our strategy of being present in the complete value chain of steelmaking, the company has laid out a systematic roadmap which shall transform the company into an integrated steel producer. Our growth roadmap further manifests that all its capex plans are met through our internal accruals only. We are confident that the Company shall be earning significant cash profits to get its projects completed in a stipulated time frame. We have been investing significantly in our human capital by adding the best talent available and also grooming our existing workforce via an in-house skill development program. The company launched the ESOPS scheme for all executives in FY23 with an aim to allow employees to participate in the company’s overall growth prospects. We believe we are on an exciting journey of delivering more sustainable, profitable and equitable growth going ahead”.

 

 

Result PDF

Iron & Steel Manufacturing company Lloyds Metals & Energy announced Q2FY23 results:

  • Company:
    • Revenue from operations for H1FY23 stood at Rs 15,417 million, significantly higher than H1FY22 as mining operations for the company begin in Q3FY22 onwards. 
    • EBITDA for H1FY23 stood at 32% and Q2FY23 at 25%.
    • Cash PAT (PAT Depreciation Non cash items) for H1FY23 stood at Rs 4,395 million. Interest costs include non-cash accounting for INDAS for Rs 190 million in Q2FY23. This demonstrates healthy cash flows for the company.
  • Mining:
    • Iron ore production was stable at 0.73 million tonnes in Q2FY23; H1FY23 - 1.5 million tonnes, translating into a production run rate of 3 MMTPA as per our existing EC limit.
    • Sales were higher by 9% QoQ; despite a traditionally weak quarter for mining companies. Dispatch volumes for H1FY23 stood at 2.65mn tonnes.

Mr. Rajesh Gupta - Director, said: “This H1FY23 performance is quite satisfactory considering the headwinds the steel industry and in particular iron ore miners have been facing as of today. Post imposition of export duty on iron ore and pellets by the central government the export market has become completely unviable and has led to the re-routing of those quantities in the domestic market. Combined with that, monsoons are generally the subdued quarter for mining companies. However, the company responded to the situation with agility and ramped up its dispatch volumes significantly. Despite 20 days of heavy rainfall in our mining area, where road infrastructure was almost standstill, the company reported 8.5% QoQ growth in dispatches. Our H1FY23 iron ore volumes stand at 2.5 million tonnes. With the run rate exhibited in Q2FY23, we are confident of achieving our iron ore sales volume target of 5-5.5million tonnes for FY23. Going ahead our focus also remains on improving the product mix of the company. To further improve our product mix the company has expanded its crushing facilities to 2.4million tonnes from 1.2million tonnes. This will gear us to move close to our long-term target of a 70:30 mix of Fines: Lumps and eventually would fetch us higher average realisations as well.”

Mr. Mukesh Gupta-Chairman said: “Company H1FY23 performance is a testimony of hard work and dedication the team has exhibited in challenging operational scenarios. The company's overall performance is also an exhibit of future performance to come. The company has been progressing well on the exploration of final proven reserves and expansion of its iron ore mining capacities to 10 mnt p.a. We remain committed to the overall growth of the company and judicious use of iron ore as well. Our upcoming 72000 tonnes of sponge iron capacities would lead to optimal utilisation of our captive ore. All these measures are calibrated for a sustained journey for all the stakeholders”

 

Result PDF

Trending News

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Saregama India's announced strategic partnership with, and investment in, Sanjay Leela Bhansali's Bhansali Productions

Published on 17-Dec-2025 09:01

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL).

The Competition Commission of India (CCI) has approved ITC’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Ltd (ABREL)

Published on 17-Dec-2025 09:00

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Zydus Lifesciences has received a USFDA acceptance for its ANDA of for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients.

Published on 16-Dec-2025 09:05

KIMS has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Krishna Institute of Medical Sciences (KIMS) has commenced operations at its newly established hospital located at the PES University campus in Electronic City, Bengaluru

Published on 16-Dec-2025 09:03

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding

Power Grid Corporation of India Ltd (POWERGRID) has been declared the successful bidder under Tariff-Based Competitive Bidding 

Published on 16-Dec-2025 09:01

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Marico is in talks to acquire Cosmix, a startup that sells plant-based protein supplements

Published on 16-Dec-2025 09:00

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status