Mumbai-based Lloyds Engineering Works delivered exceptional first-quarter results for FY27, with profit attributable to owners rising 111.96% year-on-year to ₹63.97 crore for the quarter ended June 30, 2026, compared with ₹30.18 crore in the corresponding period last year. According to reports from CNBC TV18 and Business Standard, revenue from operations surged 142.9% to ₹527.15 crore, up from ₹217.01 crore a year earlier, reflecting robust business activity and sustained project execution. The company also demonstrated sequential growth, with profit increasing 36.6% from ₹46.83 crore in the March quarter, while revenue rose 6.5% from ₹495.02 crore. Operating profit margin (OPM) improved marginally to 12.5% from 12.2% in the year-ago quarter, indicating better operational efficiency despite handling a larger volume of projects.
Operating performance showed significant improvement alongside revenue growth. As reported by CNBC TV18 and Business Standard, Earnings before interest, tax, depreciation and amortisation (EBITDA) climbed to ₹66 crore from ₹26.5 crore, while EBITDA margin improved marginally to 12.5% from 12.2% in the year-ago quarter. The margin expansion was modest, indicating that the bulk of profit growth came from handling a much larger volume of projects rather than significantly higher margins. Total expenses rose 140.3% to ₹471.24 crore, broadly in line with revenue growth, reflecting the higher cost of executing a larger order pipeline. Profit before depreciation and tax (PBDT) increased 131% to ₹75.97 crore, while profit before tax (PBT) rose 132% to ₹68.99 crore, demonstrating strong operational leverage across all profitability metrics.
A key highlight of the quarter was the significant expansion of Lloyds Engineering's order book, providing strong revenue visibility for future quarters. According to reports from CNBC TV18, the company's consolidated order book stood at ₹2,817.42 crore as of July 1, 2026, compared with ₹1,554.94 crore a year earlier. The company's associate, Lloyds Infrastructure & Construction, also reported an order book of ₹4,830.23 crore, taking the combined project pipeline to well over ₹7,600 crore. For engineering and EPC companies, the order book represents work that has already been won but is yet to be executed, providing better revenue visibility and supporting growth over coming quarters. The total group order book, including associates and subsidiaries, stands at ₹88,569 crore as on June 30, 2026, with significant contributions from EPC & Infrastructure Solutions (₹48,302 crore), Fabrication (₹13,936 crore), Mining to Metal (₹10,780 crore), and Power (₹6,330 crore).
The strong quarterly performance comes shortly after Lloyds Engineering announced a significant acquisition to expand its manufacturing capabilities. As reported by CNBC TV18, the company announced the acquisition of an 88.12% stake in Steel Infra Solutions Company Ltd (SISCOL) in a transaction valued at around ₹1,073 crore. Under the deal, Lloyds Engineering will acquire a 52.16% stake through a combination of cash and share swap, while the remaining stake will be acquired by Lloyds Enterprises Ltd and Streamland Estate LLP through cash consideration. The acquisition adds manufacturing facilities covering nearly 99,600 square metres across Bhilai, Vadodara and Hyderabad, enhancing the company's production capacity and geographic footprint. On June 18, 2026, the company entered into agreements with SISCOL and approved a preferential issue of 7,13,74,554 equity shares at ₹71.25 per share, subject to exchange approvals, with members approving this issue on July 15, 2026. This move aligns with the group's target to cross ₹10,000 crore in combined revenues by FY29/30.
Despite the strong quarterly results, Lloyds Engineering Works shares closed at ₹89.40, down 4.16% on the NSE on Wednesday, as reported by CNBC TV18. The mixed market reaction reflects broader market dynamics affecting small-cap stocks. The company's robust order book of ₹2,817.42 crore and combined group order book of ₹88,569 crore provide strong revenue visibility for future quarters, while the recent ₹1,073 crore SISCOL acquisition strengthens manufacturing capabilities. The proforma total income for the merged platform stands at ₹11,810 crore, up 80% year-on-year, with proforma EBITDA at ₹1,726 crore and proforma PAT reaching ₹1,094 crore, demonstrating the integration benefits of recent strategic acquisitions. The company's target to cross ₹10,000 crore in combined revenues by FY29/30 appears well-positioned given the current strong order pipeline and operational performance.
