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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.
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Q2 25/26 earnings summary13 Nov, 2025

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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Q3 25/2628 Jan, 2026
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