Lloyds Metals - Strong Performance Led By Higher Volumes: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Report.Lloyds Metals and Energy Ltd. established in 1977, the company is one of India’s largest merchant iron ore miners, operating at 10 million tonne iron ore capacity slated to increase to 55 million tonne (including banded hematite quartzite) in the near future.Lloyds Metals reported Q1 FY25 revenue of Rs 24.2 billion (+23%/+56% YoY/QoQ), Ebitda of Rs 7.2 billion (+34%/+57% YoY/QoQ), and Ebitda margin of 29.7% (+247 bps/+24 bps YoY/QoQ). The company reported iron ore sales of 3.6mt, registering 13%/82% YoY/QoQ growth. Direct-reduced iron and power sales were reported at 76 kt (+14% YoY/QoQ) and 49 million units (-1%/+3% YoY/QoQ), respectively.The iron ore segment reported Ebitda/tonne of Rs 1,738/tonne, a growth of 21% YoY but fell 18% sequentially. DRI segment Ebitda/tonne during the quarter came in at Rs 7,666/t (-6%/+217% YoY/QoQ). Lloyds Metals and Energy has laid out plans to become an integrated steel producer with a greenfield capacity expansion of 4.2 mt (3 mt flat products and 1.2 mt long products with a focus on value addition).Lloyds Metals and Energy is currently debt free and has a capex plan of Rs 330 billion, which it intends to fund largely through internal accruals. The company’s Q1 FY25 capital expenditure was Rs 5.98 billion and guides for a capex allocation of Rs 33 billion/Rs 65 billion in FY25/FY26..Click on the attachment to read the full report:.Hindustan Zinc Q1 Results: Profit Rises 19%, Beats Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Lloyds Metals - Strong Performance Led By Higher Volumes: Systematix

The company is currently debt free and has a capex plan of Rs 330 billion, which it intends to fund largely through internal accruals, adds the brokerage.

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Lloyds Metals - Strong Performance Led By Higher Volumes: Systematix

The company is currently debt free and has a capex plan of Rs 330 billion, which it intends to fund largely through internal accruals, adds the brokerage.

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