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Mgmt Guided Margin PressureOrder Pipeline DisclosedPromoter Disclosed Acquisition PlansInvestor Communications View source PDF

LLOYDSENGG · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.7%1-day move

₹58.30

prior close

₹59.24

base price

In-mkt

timing

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AI summary

Lloyds Engineering Works reported strong FY26 standalone revenue of ₹1,052.22 crore, up 39% YoY, with PAT at ₹118.27 crore. Q4FY26 saw exceptional revenue growth of 131% YoY to ₹411.86 crore. However, EBITDA margins compressed in both Q4 (15.08% vs 17.32% in Q4FY25) and FY26 standalone (17.27% vs 18.67% in FY25) due to business mix changes. The company completed mergers with Metalfab, Techno Industries, and LICL, creating a proforma combined entity with ₹3,253 crore revenue and ₹8,335 crore order book. Key wins include a ₹613 crore + €18 million SAIL-IISCO pellet plant order and strategic defence partnerships with FlyFocus (Poland) and Fincantieri (Italy).

Likely market impact

Margin compression is a concern for shareholders despite strong revenue growth. The massive ₹8,335 crore order book provides multi-year execution visibility, and the merger creates a vertically integrated infrastructure champion with diversified revenue streams across fabrication, defence, electrical, and EPC segments.