Q4FY23 Quarterly & FY23 Annual Result Announced for Lloyds Steels Industries Ltd.
Industrial Machinery company Lloyds Steels Industries announced Q4FY23 & FY23 results: Q4FY23: Revenue for Q4FY23 exhibited a growth of ~10x YoY EBITDA for Q4FY23 grew to Rs 14.13 crore from Rs 8.37 crore FY23: Revenue for FY23 exhibited a growth of ~6x YoY FY23 EBITDA grew to Rs 58.04 crore from Rs 14.46 crore in FY22. Margins For FY23 stood at 18.23% Order Book as of 31st March 2023 stood at Rs 682 crore. The order book for the company has grown by ~1.8x YoY, with Rs 608 crore of fresh orders. The company remains Net Debt-free, which further exhibits the company’s inherent strength of execution and operations. Commenting on FY23 results Mukesh Gupta, Chairman said: “FY23 results are a big reflex of our team’s benign efforts. Our Revenue & Profitability both witnessed multifold growth of 6x YoY. Such growth was led by an all-around performance. A strong push by GoI on reviving the CAPEX cycle in India through various initiatives like PLI etc led the strong momentum in the sector. We started FY23 on a strong foot with an order book of Rs 377 crore, during the year company received orders worth Rs 608 crore which itself was higher by ~1.6x of the opening order book. This demonstrates underlying strength in our operations. Besides, solid growth in the order book of ~1.8x YoY, our execution of orders remained swift. This brings a great amount of sustainability in our earnings going ahead. Such strong underlying strengths impart great confidence in our growth story going ahead. Our order book is well diversified across all sectors giving us the advantage of being balanced and widespread across various industries. Our Company has partly expanded its capacities and is further looking to expand to accommodate a firmly growing order book. Our endeavour remains to supply customised engineering solutions to customers in a most time-bound and cost-efficient manner. Moreover, our balance sheet strength of being Net Debt Free further strengthens our quality of growth. We thus believe we are poised for an interesting journey ahead.” Result PDF28-04-2023