Lloyds Metals and Energy Limited has announced its earnings presentation for Q3 and 9MFY26, highlighting significant growth across key financial and operational metrics. The company reported a highest-ever quarterly total income of ₹38,750 million (₹3,875 crore) for Q3FY26, marking a substantial 129% year-on-year increase. For the nine-month period of FY26 (9MFY26), total income reached ₹88,588 million (₹8,858.8 crore), up 59% YoY. This robust performance was driven by enhanced EC limits for iron ore, faster ramp-up of the pellet plant, and improved sponge iron volumes, supported by efficient evacuation via the slurry pipeline and strong domestic demand. EBITDA for Q3FY26 surged by 137% YoY to ₹13,166 million (₹1,316.6 crore), with EBITDA margins improving by 123 basis points YoY to 33.98%. For 9MFY26, EBITDA stood at ₹29,944 million (₹2,994.4 crore), a 74% YoY increase, and EBITDA margins improved by 279 bps to 33.80%. The company also commenced operations of its DRI expansion project in Q3FY26. Capex incurred during 9MFY26 amounted to ₹42,357 million (₹4,235.7 crore). Operationally, iron ore production volume for Q3FY26 was 5.49 million tonnes (up 110% YoY) and for 9MFY26 was 12.87 million tonnes (up 51% YoY). DRI sales volume for Q3FY26 and 9MFY26 stood at 124.20 kilotonnes and 291.31 kilotonnes, respectively. The pellet plant, which commenced commercial production in late Q2FY26, achieved 100% capacity utilization in October 2025 and produced 1.14 million tonnes in Q3FY26 and 1.95 million tonnes in 9MFY26. The company has also provided future guidance, expecting iron ore production to reach 20-22 million tonnes in FY26 and 25-26 million tonnes in FY27. Pellet production is guided at 2.8-3 million tonnes in FY26 and 6-8 million tonnes in FY27. DRI production is projected at 450-550 kilotonnes in FY26 and 700 kilotonnes in FY27. Furthermore, Lloyds Metals and Energy Limited has signed an MoU with Tata Steel to explore strategic collaboration in areas such as iron ore mining, pellet manufacturing, logistics, and steelmaking. Tata Steel may invest in BRPL (a subsidiary of LMEL) and enter into a long-term pellet conversion and offtake arrangement, potentially acquiring a 50.01% stake in TPPL.
