Lloyds Metals And Energy Limited — Investor Meet, 03-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Lloyds Metals and Energy posted 3% YoY revenue growth in FY25, led by record sponge iron output and steady 10 million-ton iron ore volumes. EBITDA rose 13% to ₹2,005 Cr, supported by better iron ore prices, while sponge iron and power margins stayed soft. Capex doubled to ₹3,695 Cr, with ₹6,000–6,500 Cr planned for FY26 targeting mining, pellet, and steel capacity expansion. Key projects, including a 360,000-ton DRI plant and 60 MW power plant, are ahead of schedule for commissioning by June 2025. The Thriveni MDO acquisition is on track for Q1 FY26 to enhance cost and volume efficiencies. Iron ore volumes are guided at 23–24 million tons for FY26 despite a 1 million-ton environmental clearance shortfall. Market demand remains strong, backed by steel sector growth and government capacity expansions. Management is confident about volume growth and stable pricing amid market changes.