Lloyds Metals & Energy: Latest Updates

Record-Breaking Financial Performance (Q4 & FY26) Stellar Profit Surge: On May 6, 2026, Lloyds Metals reported a massive 603% year-on-year increase in consolidated net profit for Q4 FY26, reaching ₹1,419.50 crore. Revenue Growth: Quarterly sales skyrocketed by over 400% to ₹5,995.37 crore, marking the company's highest-ever quarterly top-line performance. Full-Year Highlights: For the complete fiscal year 2026, net profit rose to ₹3,680.85 crore (up 153% YoY) on total revenue of ₹16,822.43 crore. Margin Expansion: Operating profit margins hit a record 42.45% in the March quarter, driven by cost efficiencies from captive iron ore sourcing. Major Capacity Expansion at Konsari Pellet Plant Milestone: On May 4, 2026, the company successfully commissioned its second 4 MTPA (million tonnes per annum) pellet plant at Konsari, Maharashtra. Doubled Capacity: This expansion was completed in a record 16 months, effectively doubling the total facility capacity to 8 MTPA. Logistics Advantage: The new plant is fully integrated with the 85-km iron ore slurry pipeline (commissioned in June 2025), which transports raw material directly from the Surjagarh mines, significantly reducing logistics costs. Mining and Future Outlook Record Production: The company reported record iron ore production of 21.96 million tonnes for FY26. New Mine Launches: Two new mining operations—Dalpahar Mines and Lasarda-Pacheri—are slated to begin in Q1 FY27, with a combined target of 4.5 million tonnes per annum. Aggressive Targets: Management is targeting a total mining output of 34–35 million tonnes for its Odisha operations in FY27, representing a nearly 40% volume increase.