Lloyds Engineering Works Ltd. (formerly known as Lloyds Steel Industries Ltd.) reported a 48.8% rise in net profit for the quarter ended September compared to the same period last year, as revenue almost doubled. .
The company’s consolidated net profit stood at Rs 27.9 billion compared to Rs 18.8 billion in the year-ago period, according to an exchange filing. Consolidated sales were 212 million rupees (128 million rupees in the same period last year).
Meanwhile, earnings before interest, tax, dividends, depreciation and amortization (EBITDA) increased by 32.9% to Rs 31.8 million from Rs 24 million in the year-ago period. EBITDA margin decreased to 15% from 19.7% in the same period last year.
The filing also states that Lloyds Engineering Works’ order book position as on October 1, 2024 stands at Rs 1,365.86 crore. The company’s investor presentation said: “The broader base of our order book is in place for the start of FY24, and our roadmap to deliver higher growth in the coming years remains relatively stable.” He added that the company plans to grow systematically to build a broader base.
It also pointed out that the order balance, including new orders, is currently 2.19 times FY2024 revenue.
The company announced that its EBITDA for the first half of FY24 increased to Rs 64.58 billion from Rs 41.83 billion in H1 FY24, reporting a strong year-on-year growth of 54.40%. According to the presentation, the profit margin for the first half of 2025 was a healthy 18.58%. “Timely reservation of raw materials, efficient execution of purchase orders, and increased productivity led to such healthy profit margins.”
On Friday, Lloyds Engineering shares rose 0.6 per cent to close at Rs 78.79 per share.
