LLOYDS METALS AND ENERGY LTD. - 512455 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Publication of unaudited financial results (standalone and consolidated) for the quarter and half year ended 30th September, 202325-10-2023
25-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Disclosure of Voting Results of the Postal Ballot ended on Monday, 23rd October, 2023 as required under Reg. 30 and 44(3) of the SEBI (LODR) Regulations, 2015 along with the Scrutinizers Report.25-10-2023
Q2FY24 Quarterly & H1FY24 Bi-Annual Result Announced for Lloyds Metals & Energy Ltd.
Iron & Steel/Intermediate Products company Lloyds Metals & Energy announced Q2FY24 & H1FY24 results: Financial Highlights: In H1FY24, the company reported revenue of Rs 30,886 million, marking an impressive 100% YoY increase. Q2FY24 revenue also saw substantial growth, up by 62% YoY. This robust performance was primarily driven by higher iron ore volumes. EBITDA for H1FY24 reached Rs 8,540 million, indicating a notable 92% YoY increase. EBITDA for Q2FY24 also witnessed substantial growth, up by 81% YoY. The profit for H1FY24 increased by 56% YoY, and the profit for Q2FY24 also recorded a significant growth of 62% YoY. Expansion Approval: In Q2FY24, the company's board approved an expansion of steel production capacity from the initially planned 0.5 million tonnes to 1.2 million tonnes. The company found that installing a 1.2 million tonne steel plant would be more economical than the previous plan of 0.5 million tonnes. This expansion is expected to proceed without significant delays in permissions or timing. Mining: Dispatch volumes in mining reached 5.2 million tonnes in H1FY24, representing a remarkable 115% YoY increase. Dispatch volumes for Q2FY24 were at 2.0 million tonnes, demonstrating a higher YoY growth rate. The realization in Q2FY24 increased by 22% YoY but decreased by 13% QoQ. DRI & Power: DRI and Power segments reported steady performance for H1FY24. Revenue from DRI & Power in H1FY24 increased by 11% YoY. DRI production saw a 23% increase, and power production increased by 53% YoY for H1FY24. Realization for DRI and power remained soft both on a YoY and QoQ basis. Commenting on overall performance, Rajesh Gupta– Managing Director, said, “Despite Q2FY24 being a traditionally softer quarter for mining due to the monsoon season, Lloyds Metals has defied expectations. Encouragingly, we saw improved realisations and reported better EBITDA per tonne on iron ore than the previous year. EBITDA margins for ore remained flat QoQ, even in the face of lower production, which is a positive outcome. Our sponge production for H1FY24 was strong, and although a routine shutdown in Q2FY24 impacted QoQ production, our sponge margins remained consistent. Regarding new developments, we have embarked on seed marketing of pellets from Goa for exports, forming a strategic partnership with MRPL. This aligns seamlessly with our growth strategy, enhances our market presence, and optimises operations for increased profitability. Lloyds Metals' commitment to expansion has been commendable. Our execution capabilities shone through as we completed our 70k DRI plant in 13 months from environmental clearance. This plant is a testament to our dedication to the development of Gadchiroli and is the first of its kind in the region. Our progress in steel-making is equally promising, and I am buoyant about the prospects of our company. Lloyds Metals remains steadfast in ensuring long-term value for our stakeholders.” Further Commenting on the Company’s performance, Prabhakaran – Managing Director, said, “Both production and dispatches have been impressive for the half-year ending in September 2023. Lloyds Metals is unwavering in our commitment to developing the Gadchiroli region, leaving no stone unturned in our pursuit. Our vision is aligned with the aspiration of making Gadchiroli the next steel hub of India, and we are making substantial headway toward that goal. We believe in holistic development, emphasising the region's well-being, employment, and environmental sustainability. At Lloyds Metals, we prioritise our stakeholders, employees, and all those associated with the company's growth. We are dedicated to building enduring relationships, ensuring that everyone remains connected with our journey for the long term.” Result PDF25-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Announcement under Regulation 30 (LODR)-Investor Presentation
We, Lloyds Metals and Energy Limited hereby share the Earnings Presentation of the Company for the quarter and half year ended 30.09.2023 with the various stakeholders of the Company23-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Appointment Of Mr. Mahendra Singh Mehta (DIN: 00019566) As An Additional Independent Director Of The Company For One Term Of Five Years.
Pursuant to Reg. 30 of the SEBI (LODR) Reg. 2015, we hereby inform you that based on that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in their Meeting held on 23.10.2023 has appointed Mr. Mahendra Singh Mehta (DIN: 00019566) as an Additional Independent Director of the Company w.e.f. 23.10.2023 for one term of 5 years. Attached are the relevant details under Reg. 30 of the SEBI (LODR), Reg. 2015.23-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Unaudited Standalone & Consolidated Financial Result Of The Company For The Quarter & Half Year Ended On 30Th September, 2023 Under Reg 33(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015 Along With Limited Review Report.
PFA the unaudited standalone & consolidated results for the quarter and half year ended 30.09.2023 pursuant to Reg. 33(3)(a) of the SEBI (LODR) Regulations, 201523-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Board Meeting Outcome for Disclosure Of Outcome Of The (04/2023-24) Board Meeting Pursuant To Reg 30 Of The SEBI (LODR) Reg, 2015 Read With The SEBI Circular Dated 09Th September, 2015 Bearing Reference No. CIR/CFD/CMD/4/2015
Pursuant to Regulation 30 of the SEBI (LODR), Reg., 2015, we would like to inform you that a meeting of the Board of Directors of the Company was held today i.e., Monday, 23rd October, 2023 at 11:45 A.M. at 4th Floor, Madhu Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai - 400013 and additionally via video conferencing.23-10-2023
Lloyds Metals & Energy Share Price Live blog for 20 Oct 2023
Lloyds Metals & Energy stock price went up today, 20 Oct 2023, by 0.11 %. The stock closed at 566.15 per share. The stock is currently trading at 566.8 per share. Investors should monitor Lloyds Metals & Energy stock price closely in the coming days and weeks to see how it reacts to the news.20-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Dear Sir / Madam, Please take note that the Company has scheduled a Conference Call on Wednesday, 25th October, 2023 at 4:00 p.m. (IST) to discuss the performance of the Q2 F.Y. 23-24 of the Company. Invite for the call is attached.17-10-2023
LLOYDS METALS AND ENERGY LTD. - 512455 - Board Meeting Intimation for Prior Intimation Under Regulation 29 Of The SEBI (LODR) Reg. 2015 In Relation To The Meeting Of The Board Of Directors Of Lloyds Metals And Energy Limited To Be Held On Monday, 23Rd October, 2023 At 11.45 A.M.
LLOYDS METALS AND ENERGY LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/10/2023 ,inter alia, to consider and approve a. the appointment of Mr. Mahendra Singh Mehta (DIN: 00019566) as an Additional Independent Director of the Company. b. the Unaudited Financial Results (Standalone and Consolidated) of the Company for the Quarter & Half year ended 30th September, 2023. c. to consider and approve the Expansion Plans of the Company d. Related Party Transactions e. Any other business with the permission of the Chair17-10-2023