Lloyds Metals and Energy Limited (LMEL) achieved its highest-ever standalone financial performance in FY26, driven by significant production scaling and strategic expansion. The company reported a total income of ₹1,38,378 million for the full year, a 104% year-on-year growth. EBITDA saw a substantial rise of 133% to ₹46,731 million, while Profit After Tax (PAT) reached ₹31,943 million. This growth is underpinned by increased iron ore output, pellet plant ramp-ups, and operational efficiencies.
Financial Performance Highlights
For the quarter ended March 31, 2026, LMEL reported a robust standalone income of ₹49,774 million, representing a 310% increase compared to the same period in the previous year. Quarterly EBITDA reached ₹16,788 million, a 498% year-on-year growth, with EBITDA margins expanding to 33.73%. This stellar performance reflects the successful ramp-up of the pellet plant and increased iron ore production capacity.
Segment Operational Success
The company demonstrated strong volume growth across its core segments in FY26. Iron ore production soared by 120% year-on-year to 21.96 million tonnes (MnT), while pellet production reached 3.03 MnT. Furthermore, the company successfully commissioned its 2nd pellet plant in May 2026. The strategic use of a slurry pipeline network has been instrumental in improving asset utilization and logistics efficiency, directly contributing to meaningful margin expansion.
Strategic Growth and Future Outlook
LMEL is actively expanding its global footprint. The company has acquired a 50% stake in a copper mining and processing platform in the DRC, and a 49% stake in the Chemaf Group, securing entry into the high-potential copper-cobalt market. These strategic moves align with the company’s objective of building a scalable and sustainable mineral value chain. Domestically, the MoU signed with Tata Steel for pellet conversion and integrated cooperation marks a significant step towards long-term capacity optimization and assured volume growth.
Capital Expenditure and Efficiency
To support its ambitious growth trajectory, the company incurred a capital expenditure of ₹81,310 million in FY26 alone. These investments are directed towards advanced slurry pipeline projects and infrastructure, which are expected to yield significant annual cost savings. By focusing on sustainable practices, including renewable energy integration and local community empowerment, the company remains committed to driving long-term value for all stakeholders.
Source: BSE
