Lloyds Metals Q4FY26 Revenue at ₹49,774 Mn, Up 310% YoY
Lloyds Metals and Energy Limited reported strong Q4 and FY26 results with standalone total income at ₹49,774 million (up 310% YoY) and ₹1,38,378 million (up 104% YoY), respectively. EBITDA grew significantly to ₹16,788 million (up 498% YoY) in Q4 and ₹46,731 million (up 133% YoY) for FY26. The company commenced commercial copper production in DRC and signed an MoU with Tata Steel for strategic collaboration.
The reported financial results show exceptional growth across key metrics. The expansion into copper and cobalt in DRC, along with the strategic collaboration with Tata Steel, are significant long-term developments that will materially impact the company's future prospects and market position.
The announcement details significant year-on-year growth in revenue, EBITDA, and PAT for Q4 and FY26, alongside strategic expansions into new commodities like copper and collaborations with industry leaders like Tata Steel. These positive developments indicate strong business performance and future growth potential.
Lloyds Metals and Energy Limited (LMEL) has released its Earnings Presentation for Q4 and FY26, highlighting significant financial and operational achievements.
For the fourth quarter of FY26, LMEL reported a standalone total income of ₹49,774 million, marking a substantial 310% year-on-year growth. EBITDA for the quarter stood at ₹16,788 million, an impressive 498% increase year-on-year, with EBITDA margins expanding to 33.73%. This robust performance was driven by higher iron ore EC limits, faster ramp-up of the pellet plant, improved sponge iron volumes, and the commissioning of a slurry pipeline that enhanced throughput.
For the full fiscal year FY26, standalone total income reached ₹1,38,378 million, a 104% year-on-year growth. EBITDA for FY26 was ₹46,731 million, up 133% year-on-year, with EBITDA margins at 33.77%. The company also reported a PAT of ₹31,943 million for FY26.
In terms of production, iron ore production volume for Q4FY26 and FY26 stood at 9.09 million tonnes and 21.96 million tonnes, respectively, showing significant YoY growth. Sales volume for iron ore in Q4FY26 and FY26 were 6.16 million tonnes and 16.18 million tonnes, respectively. The pellet plant, which commenced commercial production in Q2FY26, achieved 100% capacity utilization within four months, with a second pellet plant commissioned in May 2026.
The company has also made significant strides in its expansion plans. Capex incurred during FY24-FY26 was ₹1,35,130 million, with ₹81,310 million invested in FY26 alone. Net debt as of March 31, 2026, was ₹39,010 million.
LMEL has entered the copper value chain with the commencement of commercial production of copper cathodes from its 12,000 TPA plant in Surya Mines, DRC, in March 2026. Furthermore, the company acquired a 49% stake in Chemaf Group, entering a significant copper-cobalt platform in the DRC.
A Memorandum of Understanding (MoU) has been signed with Tata Steel to explore strategic collaboration, focusing on utilizing complementary strengths for sustainable growth in the domestic steel sector. This includes joint evaluation of iron ore mining concessions, leveraging pelletisation infrastructure, developing logistics solutions, and evaluating integrated steel projects.
The company's strategic roadmap includes expanding iron ore production to 26 MnT, pellet production to 7.75-8 MnT, and DRI production to 825 KT by FY27. LMEL aims to scale its copper capacity to 30,000 TPA at Surya Mines and a longer-term ambition of 100,000 TPA, alongside expanding copper-cobalt capacity in the DRC.
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