Earnings Presentation for Q4 & FY26
LLOYDSME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Lloyds Metals and Energy reported exceptional Q4 and FY26 results with standalone Total Income of ₹49,774 Mn in Q4 (up 310% YoY) and ₹1,38,378 Mn for FY26 (up 104% YoY). EBITDA for FY26 stood at ₹46,731 Mn with margins expanding to 33.77%, a 418 bps improvement YoY, driven by higher iron ore EC limits, pellet plant ramp-up achieving 100% capacity utilization within 4 months, and improved product mix with higher value-added products. PAT for FY26 was ₹31,943 Mn, up 120% YoY. The company commissioned its second pellet plant in May-26 and commenced copper cathode production at Surya Mines in DRC. Management provided FY27 guidance targeting Iron Ore production of 26 MnT, Pellet production of 7.75-8 MnT, and DRI production of 825 KT. Capex of ₹81,310 Mn was incurred in FY26 alone, with net debt at ₹39,010 Mn. A strategic MoU with Tata Steel was signed for iron ore mining, pellet conversion, and potential steel collaboration.
The strong margin expansion to 33.77% demonstrates effective operating leverage and successful integration of new assets like the slurry pipeline and pellet plant. The FY27 guidance and Tata Steel partnership signal continued growth trajectory. However, the elevated capex and net debt position warrant monitoring of cash flow generation going forward.