India · Delayed Price · Currency is INR Lloyds Metals and Energy Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record revenue, profit, and operational growth, with major expansions in iron ore, pellets, DRI, and copper. Strong margins, disciplined CapEx, and robust guidance for FY 2027 underpin continued growth, while new projects and international ventures diversify the portfolio.
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Record revenue and profitability were achieved, driven by strong iron ore and pellet demand, value-added product mix, and disciplined CapEx. Expansion into copper mining in DRC and major infrastructure projects support future growth, with robust guidance for volumes and margins.
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Record Q2 and H1 FY 2026 revenues and EBITDA were driven by new pellet and DRI capacities, cost efficiencies, and operational synergies. Debt rose due to Thriveni consolidation and project CapEx, but margins and profitability improved year-on-year. Guidance remains strong for continued growth and margin resilience.
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Q1 FY26 saw strong operational and financial performance, with major project milestones, robust EBITDA and PAT growth, and strategic investments expanding pellet capacity. Guidance remains positive with ongoing CapEx, mining expansion, and integration of Thriveni MDO expected to drive further growth.
Fiscal Year 2025
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Record profit before tax and sponge iron output achieved, with 3% revenue and 13% EBITDA growth in FY2025. Major CAPEX projects are on track, and cost-saving initiatives like the slurry pipeline and Triveni integration are expected to drive future margins.
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Revenue grew 11% and EBITDA rose 31% year-over-year for nine months FY25, driven by record iron ore and sponge iron volumes. Major projects are nearing completion, and the company expects to mine 25 million tons annually pending EC approval, with significant cost savings from MDO integration.
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Strong H1 FY25 performance with 26% revenue and 37% EBITDA growth, driven by higher iron ore and sponge volumes. Major projects, including an 85 km slurry pipeline and beneficiation plant, are progressing ahead of schedule, with cost reductions and capacity expansions expected in H2 FY25.
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Record Q1 FY25 results with 23% revenue and 32% EBITDA growth, driven by highest ever iron ore and DRI volumes. Major CapEx projects are on track, funded by recent equity raises, with the company aiming to remain debt-free and targeting 25 million tons iron ore production next year.