Lloyds Metals Releases Q4 FY26 Earnings Call Transcript, Highlights Record Performance
Lloyds Metals reported record FY26 standalone profit of ₹3,100 crore and consolidated profit of ₹3,829 crore, with consolidated revenue exceeding ₹17,000 crore. Iron ore production grew 120% to 22 million tons. The company has invested ₹13,500 crore over four years and plans ₹10,000-11,000 crore capex in FY27. They announced entry into copper business with planned capacity expansion and a 49% acquisition in CHEMAF Group.
The financial results, operational scale-up, significant capex, and strategic diversification into copper and cobalt represent material developments that will significantly influence the company's future trajectory and investor perception.
The announcement details strong financial performance, significant operational growth, substantial investments in future projects, and strategic expansion into new mineral sectors, all indicating positive momentum for the company.
Lloyds Metals and Energy Limited has released the transcript of their Q4 and full-year FY26 earnings conference call, which was held on May 6, 2026. The call featured insights from Managing Director Rajesh Gupta, CFO Riyaz Shaikh, and other management members.
Rajesh Gupta highlighted significant achievements, including crossing a market capitalization of ₹1 lakh crore and a 50-year journey. He noted a 109% CAGR on revenue and a 139% CAGR on PAT over the last five years. For FY26, standalone profit reached ₹3,100 crore, and consolidated profit was ₹3,829 crore. Consolidated revenue exceeded ₹17,000 crore. Operational highlights include a 120% growth in iron ore production to 22 million tons and the pellet plant achieving 100% capacity utilization within four months of commissioning.
The company has invested ₹13,500 crore in the last four years. Key projects include two pellet plants in Konsari with an 8 million tons capacity, an 85-kilometer slurry pipeline, and a mine capacity increase at Hedri to 55 million tons. The BHQ beneficiation project is on track for first-phase readiness by December 2027. In Chandrapur, DRI capacity has doubled, and power capacity has tripled to 100 megawatts. A steel plant with a 1.2 million tonne wire rod capacity is nearing commissioning.
EBITDA margin remained steady at approximately 34%, with a Return on Capital Employed of 56% and Return on Equity of 37% for FY26. The company also announced its entry into the copper business with the commissioning of the Surya copper plant in six months and a 49% acquisition in CHEMAF Group. They aim to expand copper capacity to 30,000 tons per annum and cobalt to approximately 20,000 tons.
For FY27, the outlook includes iron ore production of 26 million tons, pellet production of 7.75 to 8 million tons, and DRI at 825,000 tons. Annual cost savings are expected to surpass ₹2,000 crore by March 2028.
Riyaz Shaikh detailed the financial performance, reporting Q4 FY26 standalone total income at ₹4,977 crore (310% YoY growth) and PAT at ₹1,066 crore (368% YoY growth). For the full year FY26, total income was approximately ₹13,838 crore (104% YoY growth), and PAT was ₹3,194 crore (120% YoY growth). The value-added product mix now accounts for 32% of FY26 standalone revenues.
S.K. Naredi discussed Thriveni's performance, with FY26 EBITDA at ₹1,990 crore (approx. 25% margin), a near doubling from FY25. Thriveni's Gadchiroli mine capacity increased to 55 million tons per annum. Odisha operations are expected to increase volumes by 39% year-on-year to 34-35 million tons in FY27 with new mines commencing operations.
The company plans significant capex, with approximately ₹10,000-11,000 crore planned for FY27 on a consolidated basis, including BHQ plant and Chandrapur ISP. They intend to maintain a debt-to-EBITDA ratio around 1-1.5x and do not currently plan for equity raising.
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Lloyds Metals And Energy Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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