Lloyds Metals And Energy (512455) investor relations material

Executive summary

• Achieved record high consolidated and standalone revenue, EBITDA, and PAT for FY 2026, driven by strong operational leverage, improved product mix, and major expansions in iron ore, pellets, DRI, and entry into copper and cobalt mining in DRC.

• Strategic collaborations, including with Tata Steel, and investments in logistics, downstream integration, and international mining (Papua New Guinea, DRC) to secure long-term growth and cost efficiency.

• Audited standalone and consolidated financial results for FY 2026 were approved with unmodified audit opinions; final dividend of 100% (Re. 1 per share) recommended.

• Board approved issuance of Non-Convertible Debentures (NCDs) up to Rs. 700 crore and acquisition of equity stake in Lloyds Panguna Metals and Energy Limited (LPMEL), Papua New Guinea.

Financial highlights

• FY 2026 consolidated revenue surpassed INR 17,000 crores (INR 1,73,064 mn), up 155% YoY; standalone profit at INR 3,194.30 crores, consolidated profit at INR 3,828.64 crores; EBITDA margin at 33.77% (standalone) and 36.60% (consolidated).

• Q4 FY 2026 standalone income at INR 4,977 crores, up 310% YoY; EBITDA at INR 1,679 crores, up 498% YoY; PAT at INR 1,066 crores, up 368% YoY.

• Full-year standalone EBITDA at INR 4,673 crores, up 133% YoY; PAT at INR 3,194 crores, up 120% YoY; basic EPS (standalone) at Rs. 60.24.

• Thriveni FY 2026 income at INR 7,997 crores, EBITDA at INR 1,990 crores (margin 25%), nearly doubling YoY.

• Standalone revenue from operations for FY 2026 was Rs. 13,530.51 crore, up from Rs. 6,626.31 crore YoY; consolidated revenue at Rs. 16,822.43 crore.

Outlook and guidance

• FY 2027 guidance: iron ore production at 26 million tonnes, pellet at 7.75–8 million tonnes, DRI at 825,000 tonnes, and wire rod mill at 150,000–200,000 tonnes.

• Copper capacity to expand to 30,000 tonnes per annum at Surya Mines; 100,000 tonnes of copper and 20,000 tonnes of cobalt targeted from KMF and Surya over 3–5 years.

• Annual cost savings expected to exceed INR 2,000 crores by March 2028 from logistics and sustainability initiatives.

• LPMEL acquisition in Papua New Guinea expected to be completed by June 2026, targeting long-term mining agreements.