Lloyds Metals and Energy Limited reported stellar financial results for the Financial Year ended March 31, 2026, featuring a significant surge in total income to ₹13,837.80 crore. The Board also approved a 100% final dividend of ₹1 per share, proposed new non-convertible debenture issuances totaling ₹3,200 crore, and unveiled a strategic step-down acquisition in Papua New Guinea to pursue long-term mining cooperation at the Panguna Mine.
Fiscal Performance Highlights
For the financial year ended March 31, 2026, the company demonstrated exceptional growth. Total revenue from operations for the year reached ₹13,530.51 crore, compared to ₹6,626.31 crore in the previous year. Profit after tax (PAT) for the same period climbed to ₹3,194.30 crore, up from ₹1,450.94 crore in FY 2025. The strong performance was supported by robust growth across its core mining and steel segments.
Strategic Capital Allocation and Dividends
Reflecting its commitment to shareholder value, the Board has recommended a 100% final dividend, amounting to ₹1 per equity share of ₹1 face value, subject to approval at the upcoming Annual General Meeting. Furthermore, to fuel future growth and operations, the Board approved the issuance of Non-Convertible Debentures (NCDs) in multiple tranches: a ₹700 crore private placement and an additional enabling approval for ₹2,500 crore, totaling ₹3,200 crore in debt financing.
Global Expansion into Papua New Guinea
The company is broadening its international footprint through a new strategic initiative. Its wholly-owned subsidiary, Lloyds Global Resources FZCO, has been authorized to acquire an equity stake in a newly incorporated entity, Lloyds Panguna Metals and Energy Limited (LPMEL), in Papua New Guinea. This step-down subsidiary will serve as the project vehicle for engaging with Bougainville Copper Limited to pursue long-term mining and cooperation opportunities at the historic Panguna Mine.
Board and Corporate Governance
The company also finalized key leadership decisions, including the re-appointment of Mr. Ramesh Luharuka and Ms. Seema Saini as Non-Executive Independent Directors for a second term of five years each. Additionally, the Board approved the alteration of the Articles of Association, specifically the deletion of the clause pertaining to the company’s Common Seal, as part of its ongoing governance modernization.
Source: BSE
