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Earnings Call Transcript

Lloyds Metals & Energy Earnings Call Transcript: Key Takeaways

Record H1 with 38.33% standalone EBITDA margin, but Q2 softened on monsoon and coal costs. Shemaf debt relief, copper ramp-up and Suria ore supply remain unresolved.

Lloyds Metals And Energy Q2 FY27 concall: date, live audio and summaryConcall page →
Highlights
Revenue growthStandalone Q2 revenue ₹4,132 Cr, +62% YoY; H1 ₹9,545 Cr, +94%.
MarginsH1 EBITDA margin 38.33%, +542 bps YoY; Q2 37.22%, +419 bps.
Demand visibilityIron ore run-rate above 2 Mt monthly; sales 71% domestic, 29% export.
Management confidenceOptimistic headline; defensive on debt and Q2 weakness, deflects hypotheticals.

Growth

Standalone Q2 revenue ₹4,132 Cr (+62% YoY), EBITDA +83%; growth led by pellet ramp-up, pipeline freight savings, and realisations.

Outlook

Copper 5,850t FY27 (cut from 8,000t); ~₹13,000 Cr FY27 capex; ~9.5Mt iron ore FY28.

Risks

Shemaf debt (~$800M) restructuring unconfirmed; copper target cut to 5,850t; Suria sulphuric acid and DRC diesel costs; Q2 margin dip.

Last quarter's promises, checked

Partly delivered

  • FY27 capex ~₹8,500Cr → H1 ₹6,052Cr, FY27 now ~₹13,000Cr (= PARTIAL)
  • FY27 iron ore sales >26Mt → H1 production 10Mt, +35% (= PARTIAL)
  • Margins sustain (Q1 39.2%) → Q2 37.22% (= PARTIAL)

Missed

  • Steel plant commission Mar-27 → delayed one quarter (= MISS)
  • Shemaf debt fix next qtr, 40-50% cut → still unconfirmed, ~$800M (= MISS)
  • Copper JV ops Q1 FY28, FY27 8,000t → FY27 cut to 5,850t (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: LLOYDSME. Summary written with AI assistance from the document.

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Lloyds Metals & Energy Ltd: key numbers

Share price
₹1,798.80
Market cap
₹1,01,281 Cr
Revenue (annual)
₹17,113 Cr
Net profit (annual)
₹3,681 Cr
P/E (TTM)
19.3×Sector 16.7×
Promoter holding
61.61%-0.02% QoQ
FII holding
1.93%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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