Lloyds Engineering Works announced its Q3 and 9M FY26 standalone results. 9MFY26 saw a 10.93% YoY revenue increase. EBITDA also delivered good YoY growth, with stable margins at approximately 19%. PBT increased by 3.46% YoY. The company’s order book remains strong, and strategic technology tie-ups are expected to drive future growth and high-margin pipelines.
Financial Performance
Lloyds Engineering Works reported the following standalone financial results for Q3 and 9M FY26:
- Revenue: Q3FY26: ₹221.96 Crore; 9MFY26: ₹640.36 Crore, a 10.93% increase YoY.
- EBITDA: Q3FY26: ₹46.13 Crore; 9MFY26: ₹124.33 Crore with stable margins at approximately 19%.
- PBT: Q3FY26: ₹38.09 Crore; 9MFY26: ₹105.65 Crore, a 3.46% increase YoY.
Subsidiary & Associate Performance
Key highlights from subsidiaries and associates include:
- Techno Industries: Order book position remains healthy with new wins from Railways & real-estate developers.
- LICL: Strong 9MFY26 performance with EBITDA margin expansion to 15.87%. PAT nearly ₹145 crore already surpassing FY25 full-year levels.
- Metalfab: Consistent margins with order book of ₹189.68 cr.
Order Book Position
The company’s order book as of December 31, 2025, stands at ₹1665.78 cr. New orders in 9MFY26 amounted to ₹999.60 cr.
Strategic Initiatives
Lloyds Engineering Works is focused on strategic technology tie-ups to build high-margin future pipelines, including:
- MoU with FlyFocus (Poland) for advanced FPV drones and next-gen UAV systems, with exclusive rights for Indian deployment.
- Commercializing EPS Gen 4 in India, expanding addressable technology internationally.
LEWL-LICL Merger
LEWL and LICL are set to merge, creating a single vertically integrated platform. This merger aims to widen the value capture window from concept to commissioning and monetizes design, manufacturing, and EPC margins under one balance sheet. Total equity base will be 185.50 crore shares.
Future Outlook
The company is targeting 4x growth of FY25 Revenue with EBITDA margins of 15-18%.
Source: BSE
