Lloyds Metals
Lloyds Metals Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
FY27 iron ore volume targeted at 26 million tons with no volume increase beyond maximized levels for FY27. FY27 revenue growth is expected from maintaining the maximized volume of 26 million tons of iron ore and doubling pellet/DRI production, with no volume increase but better utilization and higher value-added product mix.
From Lloyds Metals's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- FY27 iron ore volume targeted at 26 million tons with no volume increase beyond maximized levels for FY27.
- FY28 expected full operational steel plant, leading to production of 1 million tons of pig iron and DRI.
- Pellet plant capacity at 8 million tons in FY26, with expectation to reach 10 million tons post debottlenecking by FY27 year-end.
- Value-added products, including pellets and DRI, set to double production in FY27.
- Thriveni segment expects strong volume growth in iron ore (> coal), with new mining leases and environmental clearances enabling expansion.
- BHQ beneficiation plant phase 1 to be commissioned by December 2027, improving blended EBITDA via higher-quality ore.
2 more points management made on revenue & sales performance
Profitability & Margins
See what Lloyds Metals said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total capex excluding ISP for the Konsari unit is around INR 28,000 crores; INR 13,500 crores already spent, INR 14,500 crores remaining over next 2 years.
- FY27 planned capex is around INR 10,000-11,000 crores (standalone basis), covering BHQ plant and ISP at Chandrapur.
- FY28 capex expected to increase with larger steel plant and copper project investments included.
- Copper project capex estimated at $200-260 million for FY27 on consolidated basis, with plant near 85-90% completion.
- Thriveni stand-alone capex forecasted around INR 1,000 crores next year.
- BHQ first phase (30 million tons input, 12 million tons output) commissioning targeted by Dec 2027; heavy equipment mobilized and construction started.
- For Congo assets, additional $200 million likely needed to complete copper plant and mine development.
2 more points management made on capital expenditure plans
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Fundraising & Capital Structure
See what Lloyds Metals said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
2 more points management made on order book & pipeline
Lloyds Metals — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.9K Cr, net profit ₹1.1K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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Frequently Asked Questions
What were Lloyds Metals Q4 FY26 results?
FY27 iron ore volume targeted at 26 million tons with no volume increase beyond maximized levels for FY27. FY27 revenue growth is expected from maintaining the maximized volume of 26 million tons of iron ore and doubling pellet/DRI production, with no volume increase but better utilization and higher value-added product mix.
What is Lloyds Metals share price analysis?
Lloyds Metals currently shows a neutral. The stock trades at a P/E of 22.0 with a market cap of ₹105,033 Cr. Investors should review the full earnings analysis for detailed insights.
Is Lloyds Metals planning capital expenditure?
Total capex excluding ISP for the Konsari unit is around INR 28,000 crores; INR 13,500 crores already spent, INR 14,500 crores remaining over next 2 years.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.