Mumbai, India – January 28, 2025: Lloyds Metals and Energy Limited (NSE: LLOYDSME, BSE: 512455), a leading player in the iron ore mining, sponge iron, and power generation sectors, has announced its unaudited standalone and consolidated financial results for Q3 FY2024-25. The company posted a revenue of ₹1,693.19 crore and a net profit of ₹389.53 crore, reflecting its continued operational efficiency and growth.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹1,693.19 crore (YoY decline of 10.7% from ₹1,902.24 crore)
- Total Income: ₹1,693.19 crore
- Profit Before Tax (PBT): ₹524.31 crore (YoY increase of 17.9% from ₹444.26 crore)
- Net Profit (PAT): ₹389.53 crore (YoY increase of 17.4% from ₹331.57 crore)
- Earnings Per Share (EPS): ₹7.55 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹5,560.05 crore (YoY increase of 10.9% from ₹5,012.22 crore)
- Profit Before Tax (PBT): ₹1,651.91 crore (YoY increase of 29.2% from ₹1,278.96 crore)
- Net Profit (PAT): ₹1,248.45 crore
- Earnings Per Share (EPS): ₹24.23 per share.
Key Financial Highlights – Q3 FY2024-25 (Consolidated)
- Total Revenue: ₹1,693.17 crore
- Profit Before Tax (PBT): ₹524.07 crore
- Net Profit (PAT): ₹389.29 crore
- Earnings Per Share (EPS): ₹7.55 per share.
Segment-Wise Performance
- Mining Segment: ₹1,474.60 crore revenue
- Sponge Iron Segment: ₹181.75 crore revenue
- Power Segment: ₹24.84 crore revenue
- Pellet Trading: ₹54.37 crore revenue.
Strategic Developments & Key Announcements
- Qualified Institutional Placement (QIP) Completed:
- 1.75 crore equity shares were issued at ₹696 per share in July 2024, raising significant capital for expansion.
- Share capital increased to 52.27 crore equity shares.
- Convertible Warrants Issued:
- 3.67 crore convertible warrants allotted in September 2024 at ₹740 per warrant.
- Conversion into equity shares is expected within 18 months.
- Stock Option Plan Update:
- 573,050 new stock options were granted in Q3 FY2024-25 under the LMEL ESOP 2017 scheme.
- 4,436,660 stock options outstanding as of December 31, 2024.
Management Commentary
Rajesh Gupta, Managing Director, Lloyds Metals and Energy, stated:"Our strong financial performance and strategic capital expansion efforts ensure we remain at the forefront of the mining and energy sector. With continued growth and operational efficiency investments, we are poised for sustained long-term success.".
Market Outlook & Investor Takeaways
- Expansion through QIP and warrant conversion set to enhance capacity and revenue potential.
- Mining and sponge iron segments remain strong revenue contributors.
- Stock options and employee incentives strengthen workforce retention and engagement.