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Lloyds Engineering Works Ltd

Q2 FY26

Lloyds Engineering Works Q2 FY26: Revenue ₹243.95 Cr, PAT ₹33.20 Cr

Q2 FY26 investor presentation: what the company reported on revenue, margins and projects.

Price₹96

Market cap₹14.9K Cr

P/E66.8

Updated16 Oct 2026

Read4 min read

Based on Lloyds Engineering Works Ltd's Q2 FY26 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentationreports, not management guidance.

The short version

Q2 FY26 Standalone Revenue: ₹243.95 cr, up 14.99% YoY from ₹212.15 cr in Q2 FY25 (Page 8). Q2 FY26 Standalone Figures: - EBITDA: ₹45.25 crores, up 20.38% YoY from ₹37.59 crores in Q2 FY25.

From Lloyds Engineering Works Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Q2 FY26 Standalone Revenue: ₹243.95 cr, up 14.99% YoY from ₹212.15 cr in Q2 FY25 (Page 8).
H1 FY26 Standalone Revenue: ₹418.4 cr, up 20.38% YoY from ₹347.57 cr in H1 FY25 (Page 8).
Consolidated Revenue Q2 FY26: ₹316.66 cr; H1 FY26: ₹533.67 cr; FY25: ₹845.74 cr (Page 12).
Techno Industries Q2 FY26 Revenue: ₹70.12 cr, up 16.4% YoY from ₹60.25 cr Q2 FY25 (Page 9).
Metalfab H1 FY26 Revenue: ₹84.55 cr, up 35.6% YoY from ₹62.35 cr H1 FY25 (Page 10).

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Profitability & Margins

Q2 FY26 Standalone Figures:
EBITDA: ₹45.25 crores, up 20.38% YoY from ₹37.59 crores in Q2 FY25.
EBITDA Margin: 18.55%, improved by 83 bps YoY from 17.72% in Q2 FY25.
PAT: ₹33.20 crores, up 18.78% YoY from ₹27.95 crores in Q2 FY25.
Operating Margin Outlook:
FY26 EBITDA margins targeted at 15-18% as per strategic outlook on page 14.
Additional Highlights:

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Capital Expenditure Plans

LEWL is undertaking a capacity expansion to approximately double (~2x) manufacturing capacity to support growing order book and future growth (Page 34).
The company is modernising and overhauling its asset base with technology enhancements to increase throughput (Page 34).
Capex indicated in terms of fixed assets increasing from ₹78.91 cr in FY25 to ₹147.51 cr in H1FY26; Capital Work In Progress rising from ₹63.09 cr to ₹92.55 cr (Page 14).
Acquisition of engineering assets of Bhilai Engineering Corporation Limited (BECL), increasing factory floor and production area, located centrally with skilled labor (Page 24).
Consortium project with Primetals: design & execution of 4.2 MTPA pellet plant at SAIL – IISCO steel plant, contract ~₹613 cr + €18.26 million, 39 months timeline (Page 19).

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Fundraising & Capital Structure

The presentation does not explicitly mention any fresh fundraising through debt or equity.
Borrowings have decreased slightly from ₹15.48 crores in FY25 to ₹13.67 crores in H1FY26 (Page 15).
The company remains largely debt-free, highlighting superior return ratios and no significant reliance on debt (Page 25).
Total equity increased from ₹665.73 crores in FY25 to ₹1205.13 crores in H1FY26, partly due to an increase in share capital from ₹116.55 crores to ₹131.98 crores (Page 15).

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Order Book & Pipeline

- Order book as of 31st March 2023: ₹682.94 crores - Order book as of 31st March 2025: ₹1,315.38 crores - New orders in H1FY26: ₹406.83 crores - Order book as of 30th September 2025: ₹1,303.81 crores Subsidiaries and associates order book as on 30th September 2025: - Metalfab: ₹152.64 crores - LICL: ₹4,558.8 crores

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Lloyds Engineering Works Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹495 Cr, net profit ₹46 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Lloyds Engineering Works Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Lloyds Engineering Works Ltd Q2 FY26 results?

Q2 FY26 Standalone Revenue: ₹243.95 cr, up 14.99% YoY from ₹212.15 cr in Q2 FY25 (Page 8). Q2 FY26 Standalone Figures: - EBITDA: ₹45.25 crores, up 20.38% YoY from ₹37.59 crores in Q2 FY25.

What is Lloyds Engineering Works Ltd share price analysis?

Lloyds Engineering Works Ltd currently shows a neutral. The stock trades at a P/E of 66.8 with a market cap of ₹14,947 Cr. Investors should review the full earnings analysis for detailed insights.

Is Lloyds Engineering Works Ltd planning capital expenditure?

LEWL is undertaking a capacity expansion to approximately double (~2x) manufacturing capacity to support growing order book and future growth (Page 34).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.