Synopsis: Industrial Minerals company shares rose 14% after Q3 results, with revenue up 194% YoY to ₹4,909.38 crore, and net profit up 180% YoY to ₹1,089.56 crore. Its earnings per share (EPS) for the quarterly period stood at ₹19.87
The shares of the Mid-Cap company specializing in iron ore mining, the manufacturing of coal-based Direct Reduced Iron (DRI/sponge iron), and power generation, are in focus following their Q3 results, with a 180 percent jump in revenue.
With a market capitalization of Rs. 68,498.65 Crores on Wednesday, the shares of Lloyds Metals and Energy Ltd jumped up to 14 percent, reaching a high of Rs. 1328.70 compared to its previous close of Rs. 1167.75.
Lloyds Metals and Energy Ltd, engaged in iron ore mining, the manufacturing of coal-based Direct Reduced Iron (DRI/sponge iron), and power generation, is in the spotlight today as it has announced its Q3 results as follows:
Its Revenue from operations rose by 194 percent YoY from Rs. 1,670.82 Crores in Q3FY25 to Rs. 4,909.38 Crores in Q3FY26, and it rose by39 percent QoQ from Rs. 3,540.65 Crores in Q2FY26 to Rs. 4,909.38 Crores in Q3FY26.
Its Net Profit YoY rose by 180 percent from Rs. 389.29 Crores in Q3FY25 to Rs. 1,089.56 Crores in Q3FY26, and on a QoQ basis, it rose by 92 percent from Rs. 567.39 Crores in Q2FY26 to Rs. 1,089.56 Crores in Q3FY26. The earnings per share (EPS) for the quarterly period stood at Rs. 19.87, compared to Rs. 7.55 in the previous year’s quarter.
The Board of Directors has also approved the Second Slurry Pipeline Project, along with its financing. The pipeline, running from Hedri–Konsari–Chandrapur–Jalna–Maharashtra Port, will be developed in two phases: Hedri to Chandrapur and Chandrapur to Maharashtra Port, enabling reliable and cost-efficient iron ore delivery to multiple steel hubs.
Furthermore, the Board approved Lloyds Global Resources FZCO, the Company’s wholly-owned subsidiary, to acquire equity stakes in entities in Singapore and South Africa, and to increase the capacity of the Pellet Plants at Konsari.
Revenue Segmentation & Others
The segment revenue shows strong growth across all categories in Q3. Mining revenue increased from Rs. 1,474.61 crores in December 2024 to Rs. 2,781.03 crores in December 2025. Steel and related value-added products surged from Rs. 260.95 crores to Rs. 1,549.17 crores, while MDO operations and related services rose from Nil to Rs. 2,198.22 crores. Overall, total segmental revenue nearly quadrupled, climbing from Rs. 1,735.56 crores in December 2024 to Rs. 6,528.42 crores in December 2025.
Lloyds Metals & Energy Ltd (LMEL), established in 1977 and based in Mumbai, is a leading, integrated Indian mining and steel manufacturing company. It specializes in iron ore mining (with a key, long-term lease in Surjagarh), sponge iron (DRI) production, and captive power generation in Maharashtra. The company is aggressively expanding into a major, low-cost steel producer.
In Q3-FY26, production increased across all key minerals compared to Q2-FY26. Iron ore rose sharply to 15.63 Mn tonnes from 8.35 Mn tonnes, baryte edged up slightly to 2.01 Mn cubic meters from 1.97 Mn, and Indian coal grew significantly to 27.02 Mn cubic meters from 16.87 Mn, and overseas coal also increased to 9.88 Mn cubic meters from 8.41 Mn.
The company has demonstrated strong financial performance, with a ROCE of 38.3% and a robust ROE of 31.4% (46.2% over the past 3 years). It has also delivered impressive profit growth, achieving a 115% CAGR over the last five years.
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