Lloyds Metals & Energy Limited delivered exceptional financial performance for Q3FY26, with consolidated net profit surging to ₹10.90 billion compared to ₹3.90 billion in the corresponding quarter of the previous year. The company's board meeting held on 3rd February, 2026, approved multiple significant business developments alongside the outstanding quarterly results.

Consolidated Financial Performance

The company demonstrated remarkable growth across all key financial metrics for Q3FY26. Consolidated revenue reached ₹49.10 billion compared to ₹16.70 billion in the year-ago quarter, representing substantial year-on-year expansion.

On a standalone basis, revenue from operations stood at ₹3,800.79 crore for the quarter, with net profit after tax of ₹888.55 crore and basic EPS of ₹16.84. For the nine months ended 31st December, 2025, the company reported revenue from operations of ₹8,629.80 crore and net profit after tax of ₹2,128.67 crore.

Major Strategic Approvals

Slurry Pipeline Project

The company approved a significant infrastructure development - the Second Slurry Pipeline Project with an estimated investment of ₹8000 crore. The pipeline route will extend from Hedri-Konsari-Chandrapur-Jalna-Maharashtra Port, developed in two phases over approximately 2.5 years.

Capacity Expansion Initiatives

The board approved capacity increases for both Pellet Plant-1 and Pellet Plant-2 at Konsari from 4 MTPA each to 5 MTPA each through debottlenecking and process technological improvements.

International Expansion and Corporate Developments

Global Acquisitions

Two significant international acquisitions were approved. Lloyds Global Resources FZCO will acquire up to 95% equity stake in Lloyds Asia Resources Pte. Ltd. for up to USD 5 million, serving as a regional investment platform for mining activities in Papua New Guinea and other Asian jurisdictions. Additionally, the company approved acquisition of 100% equity stake in TP Phoenix (Pty) Ltd and formation of Lloyds Global Resources South Africa, each for up to USD 1 million.

Warrant Conversion and Capital Structure

The board approved the allotment of 8,05,500 equity shares upon conversion of preferentially issued convertible warrants to non-promoters at an issue price of ₹740 per share, raising ₹38,74,45,500.

Regulatory Compliance and Publication

Pursuant to Regulation 30, 47(1)(b) and 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published extracts of its standalone and consolidated unaudited financial results in Business Standard (English Daily) and Navrashta Times (Marathi Daily) on 5th February, 2026. The complete results are available on the company's website at www.lloyds.in and stock exchange websites.

Segment Performance

The company operates through two primary segments - Mining and Steel & related value-added products. Mining segment revenue reached ₹2,781.03 crore in Q3FY26, while Steel segment contributed ₹1,549.17 crore. The mining segment reported profit before finance costs and tax of ₹736.37 crore, with the steel segment contributing ₹519.42 crore. The company's strategic initiatives demonstrate its commitment to expanding across the steel-making value chain while strengthening its presence in international markets.

Lloyds Metals & Energy has secured board approval for a significant strategic acquisition that will expand its regional presence in Southeast Asia. The company plans to acquire up to 95% stake in Singapore-based Lloyds Asia Resources in a transaction valued at up to USD 5 million.

Strategic Acquisition Details

The board has greenlit this acquisition as part of the company's broader strategy to establish a regional mining investment hub. The transaction involves acquiring a substantial majority stake in the Singapore entity, which will serve as a platform for enhanced regional operations.

Regional Expansion Strategy

This acquisition marks a significant step in the company's international expansion efforts, particularly in the Southeast Asian market. By establishing a presence in Singapore, the company aims to create a strategic hub that can facilitate mining investments and operations across the region.

The Singapore-based entity will serve as a key platform for the company's regional activities, leveraging Singapore's strategic location and business-friendly environment. This move aligns with the company's growth strategy and positions it to capitalize on mining opportunities in the broader Asian market.

Investment Hub Development

The creation of a regional mining investment hub through this acquisition is expected to enhance the company's operational capabilities in Southeast Asia. Singapore's position as a major financial and business center makes it an ideal location for such a strategic hub, providing access to regional markets and investment opportunities in the mining sector.