Lloyds Metals And Energy Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Lloyds Metals delivered strong Q2 FY26 results with standalone revenue up 75% YoY to INR2,575.4 Cr and PAT up 22% to INR605.6 Cr. Operational highlights include the pellet plant achieving >100% utilization and DRI expansion commissioning. The slurry pipeline significantly cuts costs (INR600/ton saving). Management sees high pellet margins (INR4,000-5,000/ton) as sustainable due to captive mines and efficient logistics. Future growth driven by pellet plant 2, wire rod plant, and BHQ beneficiation. Debt stands at ~INR8,000 Cr (consolidated). Outlook is confident, aiming for a structurally low-cost, integrated business.