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Lloyds Metals And Energy (512455) investor relations material
Lloyds Metals And Energy Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly and half-yearly income, with Q2 FY26 total income at INR 25,754 million (up 75% YoY) and H1 FY26 at INR 49,838 million (up 28% YoY), driven by new pellet and DRI plant ramp-up and operational synergies.
Pellet plant reached over 100% capacity utilization within four months, contributing robust EBITDA per ton due to captive ore and slurry pipeline efficiency.
Strategic integration of Thriveni and acquisition of 79.82% equity in Thriveni Earthmovers and Infra Pvt Ltd completed, expanding large-scale operations.
Board approved subscription of up to 20% equity stake in LT Gondwana Skill Hub Private Limited and purchase of approximately 290 acres of land in Gadchiroli for future expansion.
Unaudited standalone and consolidated financial results for Q2 and H1 FY26 were approved, with statutory auditors issuing unqualified limited review reports.
Financial highlights
Q2 FY26 total income reached INR 25,754 million, up 75% YoY; H1 FY26 total income was INR 49,838 million, up 28% YoY; consolidated H1 FY26 income was INR 61,185 million, up 57.2% YoY.
Q2 EBITDA was INR 8,693 million, up 95% YoY, with margins at 33.75%; H1 EBITDA was INR 16,778 million, margin at 33.67%.
Profit after tax for Q2 was INR 6,056 million and for H1 was INR 12,402 million, both up year-on-year; consolidated H1 PAT was INR 12,090 million.
CapEx for H1 FY26 was INR 2,400 crore, with full-year guidance of INR 5,000 crore and next two years at INR 6,600 crore.
Standalone and consolidated assets as of 30th September 2025 were ₹12,026.80 crore and ₹20,133.12 crore, respectively.
Outlook and guidance
Confident of sustaining momentum through FY 2026, driven by new capacities, operational synergies, and disciplined execution.
Iron ore dispatches expected between 20-22 million tons for the year, with pellet production guidance of 5.5-7 million tons and DRI 450-550 kt.
Third pellet plant targeted for commissioning around 2028-2029, with total pellet capacity planned at 12 million tons.
Land acquisition in Gadchiroli is intended for future expansion and related business purposes.
Investment in LT Gondwana Skill Hub aims to promote skill development and ensure a steady supply of skilled manpower.
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