Transcript of the Conference Call for Investors and Analysts for Q4 & FY26.
LLOYDSME · price
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Lloyds Metals and Energy reported exceptional FY26 results with standalone profit of INR3,194 crores (up 120% YoY) and consolidated revenue crossing INR17,000 crores. Iron ore production surged 120% to 22 million tons, while EBITDA margin expanded to 33.77% (up 418 bps YoY). The company commissioned its second pellet plant (taking total capacity to 8 million tons), doubled DRI capacity, and entered copper mining via commissioning Surya copper plant and acquiring 49% stake in CHEMAF Group in Congo. Management guided FY27 production at 26 million tons iron ore and 7.75-8 million tons pellets, with expected annual cost savings of INR2,000 crores by March 2028. The company has invested INR13,500 crores in capex over FY24-FY26 and plans INR10,000-11,000 crores in FY27 and INR12,500 crores in FY28.
The company demonstrated world-class metrics with 37% ROE and 56% ROCE, structural margin improvement driven by value-added products (now 32% of revenues), and clear path to becoming integrated steel player. Management targets 1-1.5x net debt/EBITDA, no equity raise planned.