Lloyds Metals and Energy Limited reported a robust performance for the quarter and year ended March 31, 2026. The company achieved a consolidated annual revenue of ₹17,306.40 crore and a net profit of ₹3,828.64 crore. Alongside strong financial results, the Board approved a 100% final dividend, an issuance of ₹700 crore in non-convertible debentures, and a strategic acquisition in Papua New Guinea to strengthen its global mining presence.
Record Financial Performance
For the financial year ended March 31, 2026, the company demonstrated exceptional growth. On a consolidated basis, total income reached ₹17,306.40 crore compared to ₹6,774.76 crore in the previous year. Profit after tax for the full year surged to ₹3,828.64 crore, reflecting the strong operational efficiency across its core mining and steel segments.
Dividend and Capital Allocation
Recognizing the strong financial health, the Board of Directors has recommended a final dividend of 100%, which translates to Re. 1 per share on equity shares with a face value of Re. 1 each. This proposal is subject to approval by shareholders at the forthcoming Annual General Meeting.
To support its ongoing capital requirements and expansion plans, the Board has approved the issuance of non-convertible debentures (NCDs) aggregating up to ₹700 crore on a private placement basis. Additionally, the Board granted enabling approval for a larger issuance of NCDs up to ₹2,500 crore to be raised in one or more tranches.
Global Expansion in Papua New Guinea
In a move to diversify its international footprint, the company, through its wholly-owned subsidiary Lloyds Global Resources FZCO, is acquiring an equity stake in Lloyds Panguna Metals and Energy Limited (LPMEL) based in Papua New Guinea. LPMEL will serve as a dedicated project vehicle to pursue a long-term cooperation and mining agreement regarding the Panguna Mine in the Autonomous Region of Bougainville. This strategic entry underscores the company’s intent to secure new resource assets and expand its global mining operations.
Leadership Continuity
The company also confirmed the re-appointment of Mr. Ramesh Luharuka and Dr. Seema Saini as Non-Executive, Independent Directors. Both directors will serve for a second term of five consecutive years, ensuring continued stability and experienced governance for the company’s future growth initiatives.
Source: BSE
