Lloyd Metals delivered exceptional year-over-year growth in the June quarter, with consolidated net profit rising 169.11% to ₹1,726.59 crore from ₹641.59 crore in the same quarter last year, according to the latest financial results. The company's sales revenue surged 206.63% to ₹7,288.61 crore compared with ₹2,377.03 crore in Q1 FY2026, demonstrating remarkable operational momentum and market demand for the company's products during the quarter.
Lloyd Metals delivered impressive sequential growth in the June quarter, with consolidated net profit rising 22% to ₹1,727 crore from ₹1,420 crore in the previous quarter, according to reports from the company. The strong profit growth was primarily driven by robust revenue performance and a sharp increase in other income during the quarter. This sequential growth builds on the exceptional year-over-year performance, indicating sustained operational strength and market demand.
Despite the strong revenue and profit growth, Lloyd Metals experienced some margin compression during the quarter. However, operating profit margin (OPM) improved to 38.16% from 33.41% sequentially, indicating better operational efficiency and cost management despite the challenging market conditions. The company's PBDT increased to ₹2,666.90 crore from ₹807.75 crore year-over-year, demonstrating significant operational leverage and improved profitability metrics across all key financial parameters.
The board approved significant strategic investments during the quarter, including up to ₹625 crore investment in subsidiary Thriveni Earthmovers and Infra Private Ltd. through subscription to rights issue or further capital issue. Additionally, the board approved investments in renewable energy projects for captive consumption under the Group Captive Scheme, including acquisition of a minimum 26% stake in both wind and solar power projects. The company will enter into share subscription agreements with Amplus Energy Solutions and Amplus Ceres Solar Private Ltd. for solar power, and share subscription agreements with Amplus Energy Solutions and Amplus Green One Power Private Ltd. for wind power.
The board approved the appointment of Avijit Ghosh as an additional director designated as a non-executive independent director for a five-year term commencing August 10, 2026, and ending August 9, 2031. The appointment is subject to approval of the company's members. The board also approved the conversion of existing loans extended by the company to its wholly owned subsidiary, Lloyds Global Resources FZCO, into equity shares of the subsidiary, along with enabling investment through various preference shares and hybrid securities.
