Lloyds Engineering Works Ltd delivered exceptional operational performance in Q3, with net profit rising 69.5% year-on-year to ₹61 crore compared with ₹36 crore in the corresponding quarter last year. According to reports from CNBC TV18 and Multibagg AI, the company achieved this growth despite modest revenue expansion, demonstrating strong cost efficiency and operational leverage. The profit surge was primarily driven by improved operational efficiency, better cost management, and superior operating leverage, indicating the company's ability to convert a larger portion of revenue into operational profit.
Revenue increased marginally by 2.3% to ₹272.4 crore from ₹266.2 crore a year earlier, as reported by CNBC TV18 and Multibagg AI. The company's EBITDA grew 20% YoY to ₹52.9 crore, while operating margin improved significantly to 19.4% from 16.6% in the corresponding quarter last year. This margin expansion reflects better cost efficiency and operating leverage across the business, with the company successfully managing costs effectively and leveraging existing operations for higher profitability.
During the quarter, Lloyds Engineering secured a significant order worth ₹613 crore plus €18 million from SAIL's IISCO Steel Plant for a 4.2 MTPA pellet project, according to CNBC TV18. The company secured this order as part of a consortium with Primetals, marking a major milestone for the engineering firm. Such large-scale projects provide strong revenue visibility and reinforce the company's position in the heavy engineering and capital goods sector.
The company announced strategic technology tie-ups, including an MoU with Poland-based FlyFocus for advanced FPV drones and UAV systems for defence and security applications in India, as reported by CNBC TV18. Lloyds Engineering also expanded its EPS Gen 4 technology agreement, opening global commercial opportunities barring select geographies. These strategic partnerships further strengthen the company's long-term outlook and position it for sustained growth in high-tech sectors.
Ahead of the earnings announcement, shares of Lloyds Engineering Works Ltd closed at ₹51.89 on the NSE, up ₹5.73 or 12.41% for the day, according to CNBC TV18 and Multibagg AI. The stock market's positive reaction reflects investor confidence in the company's strategic direction and future earnings potential. Subsidiaries and associates delivered steady performance, with LICL reporting strong margin expansion and PAT of nearly ₹145 crore in 9MFY26, surpassing FY25 full-year levels, indicating robust health and operational strength within the group.
