Lloyds Metals reports strong Q1 results, expands operations

Lloyds Metals and Energy reported profit after tax of INR6,346 million for Q1 FY26, up 14% year-on-year. EBITDA rose 12% to INR8,087 million on total income of INR24,084 million.

The company commissioned a 4 million ton pellet plant in Konsari and received environmental clearance to expand mining capacity to 55 million tons per annum. It also completed acquisition of Thriveni's MDO operations.

Iron ore sales volume reached 3.45 million tons, with the company confirming ability to evacuate the full 22 million tons allowed under environmental clearance in FY26.