Lloyds Metals and Energy Ltd delivered exceptional financial performance in Q4 FY2026, with net profit surging to ₹1,420 crore compared to ₹202 crore in the same period last year, representing a remarkable 7x increase. According to reports from CNBC TV18, this strong year-on-year performance demonstrates the company's improved operational efficiency and market positioning during the quarter ended March 31, 2026. The Board of Directors officially approved these results on May 5, 2026, with an unmodified auditor's report.
The company's top-line performance showed robust growth with revenue reaching ₹6,020 crore in Q4 FY2026, significantly higher than ₹1,193 crore reported in the corresponding period last year. As reported by CNBC TV18, EBITDA rose substantially to ₹2,545 crore from ₹261 crore in the year-ago period, indicating strong operational performance. The company's margin expanded dramatically to 42.3% in Q4 compared to 21.9% in the corresponding period last year, highlighting improved operational efficiency across all business segments.
The board has recommended a final dividend of 100%, equivalent to ₹1 per share of face value ₹1, subject to shareholder approval at the upcoming annual general meeting. According to CNBC TV18, the board also approved the issuance of non-convertible debentures up to ₹700 crore on a private placement basis, within previously approved limits, and granted enabling approval to raise up to ₹2,500 crore through such instruments in one or more tranches. These capital structure decisions support the company's growth initiatives and financial flexibility.
The company approved a proposal for its wholly owned subsidiary to acquire an equity stake in an entity in Papua New Guinea for pursuing mining opportunities, as reported by CNBC TV18. Additionally, the board cleared certain corporate actions including board re-appointments and alteration of articles of association. The company recently commissioned a second pellet plant with a capacity of 4 million tonnes per annum (MTPA), signaling continued expansion. These strategic moves position the company for expansion into new mining territories and operational improvements.
Despite the strong financial results, shares of Lloyds Metals and Energy Ltd closed at ₹1,772.00 on the NSE, down 1.42%. According to CNBC TV18, the company announced its audited financial results for the quarter and financial year ended March 31, 2026. The stock's movement suggests investors may have already priced in the good news, or are looking at potential future challenges. While analysts generally maintain a 'Strong Buy' rating with an average 12-month price target around ₹1,723, some have expressed caution with a report downgrading the stock from 'Buy Candidate' to 'Hold/Accumulate' on May 4, 2026. The current P/E ratio of 34-39 appears high compared to historical norms, though forward P/E estimates for March 2026 suggest a lower multiple of about 16.4.
