Lloyds Metals And Energy (512455) Q1 26/27 earnings summary

Executive summary

• Achieved record quarterly and yearly revenue, EBITDA, and PAT on both standalone and consolidated basis in Q1 FY27, driven by strong growth in iron ore, pellets, and value-added products.

• Significant expansion in mining, steel, and copper operations, with new projects commissioned, capacity ramp-ups, and strategic partnerships including Tata Steel.

• Board approved investments in renewable energy projects for captive consumption and international subsidiaries, supporting long-term sustainability and global expansion.

• Unaudited standalone and consolidated financial results for Q1 FY27 were approved, with unqualified limited review reports.

• Appointment of Mr. Avijit Ghosh as Non-Executive, Independent Director for five years, subject to member approval.

Financial highlights

• Q1 FY27 standalone revenue: INR 5,413 crore (up 127% YoY); EBITDA: INR 2,120 crore (up 172% YoY); PAT: INR 1,527 crore (up 141% YoY); EBITDA margin: 39.2%.

• Q1 FY27 consolidated revenue: INR 7,354 crore (up 209% YoY); EBITDA: INR 2,781.5 crore (up 245% YoY); PAT: INR 1,734 crore (up 166% YoY); EBITDA margin: 37.8%.

• Value-added products contributed 41% of standalone revenue and 40% of EBIT, up from 13% and 2% a year ago.

• Basic EPS (standalone): ₹27.13 for Q1 FY27 vs ₹12.12 in Q1 FY26; consolidated EPS: ₹30.68 vs ₹12.46.

• FY26 consolidated revenue: INR 1,71,127 Mn; EBITDA: INR 61,402 Mn; PAT: INR 38,286 Mn; EBITDA margin: 35.9%.

Outlook and guidance

• FY27 guidance: Iron ore production 26 MnT, pellet production 7.75–8 MnT, DRI production 825 KT, steel (WRM) 825 KT.

• Steel plant (1.2 million tonnes) expected to be commissioned by March 2027; larger Konsari plant under study for potential capacity increase.

• CapEx guidance of INR 11,000 crore annually for next two years, rising to INR 15,000-20,000 crore in the third year.

• Copper division ramp-up targeted for Q1 FY28, with financial closure expected in next 3-4 months.

• Investments in renewable energy and international subsidiaries to support long-term operations and sustainability.