Lloyds Enterprises Ltd. delivered contrasting September quarter results, with consolidated net profit declining 41.7% year-on-year to ₹13.7 crore for the second quarter of fiscal 2027, according to an exchange filing on Thursday. Despite the profit decline, the company demonstrated strong revenue growth with revenue surging 70.5% to ₹693.9 crore from ₹406.6 crore in the corresponding quarter last year. The company's Ebitda more than doubled to ₹50.4 crore from ₹24.2 crore in the year-ago quarter, while Ebitda margin expanded to 7.3% from 5.9% during the same period.
The engineering segment emerged as the primary revenue driver during the September quarter, contributing ₹583.6 crore compared with ₹309.4 crore a year ago, as reported by the company. The steel segment generated ₹110.1 crore in revenue, while the electrical segment showed significant growth with revenue of ₹50.7 crore, up from ₹37.82 crore year-on-year. This segment-wise performance demonstrates the company's diversified business model and strong performance across multiple verticals.
Alongside the financial results, the company's board approved the forfeiture of 3,35,552 partly paid-up equity shares on which shareholders failed to pay the outstanding First and Final Call Money within prescribed timelines. According to the company statement, the decision was taken after due notices and opportunities were provided to the concerned shareholders. Consequently, the shares stand forfeited, and all amounts already paid towards them will also stand forfeited in accordance with applicable laws and the terms of issue.
The sharp decline in Q2 profit resulted in stock price pressure, with the stock declining 2.34% to trade at ₹61.69 apiece on the NSE around 2 p.m., as reported by NDTV Profit. The stock opened at ₹64.38 compared to its previous close at ₹63.18 on the NSE and even rose to ₹64.6 apiece earlier in the session. The decline came despite the broader market rally, highlighting investor concerns over the profit decline despite strong revenue growth.
