Lloyds Metals & Energy Ltd. reported a robust performance for Q1 FY27. Revenue from operations surged 127% YoY to ₹54,129 Mn. EBITDA grew by a remarkable 172% YoY to ₹21,202 Mn, driven by higher iron ore EC limits, pellet plant ramp-up, and improved sponge iron volumes. The company achieved its best-ever EBITDA margins of 39%, reflecting strong operating leverage.
Lloyds Metals Delivers Strong Q1 FY27 Results
Lloyds Metals & Energy Ltd. (LMEL) announced its financial results for the first quarter of FY27, showcasing significant year-on-year growth across key financial metrics. The company’s Revenue from Operations reached INR 54,129 Mn, marking a substantial increase of 127% compared to the same period last year.
Record EBITDA and Margins
EBITDA for Q1 FY27 stood at INR 21,202 Mn, a 172% YoY growth. This impressive performance was attributed to several factors, including higher iron ore environmental clearance (EC) limits, a faster ramp-up of the pellet plant, and improved sponge iron volumes. The company further highlighted its operational efficiency by reporting its best-ever EBITDA margins at 39%, a notable improvement of 639 bps YoY. This reflects strong operating leverage and a better product mix, with a higher contribution from value-added products like pellets.
Key Operational Drivers
The commissioning of the slurry pipeline played a crucial role in lowering logistics and freight costs for iron ore, thereby strengthening overall margins. Additionally, higher realisations across products contributed to the improved financial performance. The company also noted that demand for its products remains strong and buoyant, with domestic demand maintaining positive momentum.
Capex and Debt Update
In terms of capital expenditure, the company incurred capex of INR 1,35,130 Mn during FY24-FY26, with an additional INR 30,050 Mn invested in Q1 FY27 alone. As of June 30, 2026, the company’s Net Debt stood at INR 56,161 Mn.
Source: BSE
