Lloyds Metals and Energy Limited reported a 75% YoY increase in revenue for Q2 FY26, reaching INR25,754 million. H1 FY26 revenue rose by 28% YoY to INR49,838 million. EBITDA for Q2 FY26 stood at INR8,693 million, up 95% YoY. The pellet plant achieved 100% capacity utilization in October, driving profitability. DRI operations expanded, strengthening the integrated pathway. The company is focused on disciplined project execution and sustainable shareholder value.
Financial Performance Highlights
Lloyds Metals and Energy Limited reported its highest-ever quarterly and half-yearly revenue. Key highlights include:
- Q2 FY26: Total income of INR25,754 million, up 75% year-on-year.
- H1 FY26: Total income reached INR49,838 million, a 28% increase year-on-year.
- Q2 FY26 EBITDA: Stood at INR8,693 million, with margins at 33.75%.
- H1 FY26 EBITDA: Reached INR16,778 million, with margins at 33.66%.
- Q2 FY26 Profit After Tax: INR6,056 million.
- H1 FY26 Profit After Tax: INR12,402 million.
Operational Highlights & Project Updates
The company highlighted operational achievements and project advancements:
- The slurry pipeline of 85 kilometers has enabled seamless evacuation and structural cost reduction.
- The pellet plant achieved 100% capacity utilization in October, producing over 350,000 tons.
- The pellet plant is contributing robust EBITDA due to captive ores and industry-leading costing.
- Commissioned DRI expansion strengthens the integrated pathway.
- Pellet production in Q2 FY26 stood at 0.78 million tons.
- Spent INR24,117 million on capital expenditure during the first half of FY26.
Thriveni Earthmovers Performance
Thriveni Earthmovers and Infra Private Limited, a subsidiary, delivered a steady performance despite monsoon challenges. A 5-star rating was maintained at key mines. The company is focused on conversion and induction of electric and LNG hybrid mining equipment.
Guidance
- Thriveni’s EBITDA should be around INR2,000 crores to INR2,200 crores for this year.
- FY revenue guidance of around INR7,800 crores to INR8,000 crores for Thriveni.
Future Plans and Projects
- Pellet plant number two is in advanced stages, along with the 1.2 million tons wire rod plant.
- BHQ beneficiation planning and procurement have started.
- A 3 million ton integrated steel plant is planned, with construction work starting in mid- to end-’27.
Debt and Capital Expenditure
- The company has planned a INR9,500 crores of an NCD issue.
- Capital Expenditure for the remaining year is expected to be around INR4,500 crores to INR5,000 crores.
Source: BSE
