Financial Performance Highlights (Consolidated)

  • Revenue Growth: 142.92% YoY increase from ₹217.01 crore (Q2 FY25) to ₹527.15 crore (Q2 FY26)
  • EBITDA Growth: 124.38% YoY increase from ₹35.31 crore (Q2 FY25) to ₹79.23 crore (Q2 FY26)
  • PBT Growth: 132.06% YoY increase from ₹29.73 crore (Q2 FY25) to ₹68.99 crore (Q2 FY26)
  • Order Book Position: ₹2,817.42 crore as of July 1, 2026, representing 81.19% growth from ₹1,554.94 crore on July 1, 2025
  • Associate company Lloyds Infrastructure and Construction Limited order book: ₹4,830.23 crore

Financial Performance Highlights (Standalone)

  • Revenue Growth: 104.55% YoY increase from ₹173.95 crore (Q2 FY25) to ₹355.82 crore (Q2 FY26)
  • EBITDA Growth: 82.19% YoY increase from ₹32.95 crore (Q2 FY25) to ₹60.03 crore (Q2 FY26)
  • PBT Growth: 76.69% YoY increase from ₹29.51 crore (Q2 FY25) to ₹52.41 crore (Q2 FY26)
  • Order Book Position: ₹2,432.35 crore as of July 1, 2026, representing 81.85% growth from ₹1,337.57 crore on July 1, 2025

Detailed Standalone Financial Results (Quarter Ended June 30, 2026)

  • Total Income: ₹370.22 crore
  • Total Expenses: ₹318.08 crore
  • Manufacturing, construction and operating expenses: ₹285.24 crore
  • Employee benefits expense: ₹16.80 crore
  • Finance cost: ₹6.15 crore
  • Depreciation & amortisation expense: ₹5.21 crore
  • Profit before tax: ₹52.14 crore
  • Tax expense: ₹8.71 crore
  • Current tax: ₹10.83 crore
  • Deferred tax: (₹2.12) crore
  • Net profit after tax: ₹43.43 crore
  • Earnings per share: Basic EPS ₹0.30, Diluted EPS ₹0.30
  • Paid-up equity share capital: ₹147.14 crore (face value Re.1 per share)

Detailed Consolidated Financial Results (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹527.15 crore
  • Other income (net): ₹13.08 crore
  • Total income: ₹540.23 crore
  • Total expenses: ₹471.24 crore
  • Manufacturing, construction and operating expenses: ₹419.79 crore
  • Employee benefits expense: ₹30.55 crore
  • Finance cost: ₹3.26 crore
  • Depreciation & amortisation expense: ₹6.98 crore
  • Profit before tax: ₹68.99 crore
  • Tax expense: ₹13.89 crore
  • Current tax: ₹17.17 crore
  • Deferred tax: (₹3.28) crore
  • Net profit after tax: ₹55.10 crore
  • Share in profit of associates (net): ₹13.13 crore
  • Net profit including share in profit of associates: ₹68.23 crore
  • Attributable to owners: ₹63.97 crore
  • Attributable to non-controlling interests: ₹4.26 crore
  • Earnings per share: Basic EPS ₹0.47, Diluted EPS ₹0.46
  • Paid-up equity share capital: ₹147.14 crore

Subsidiary Performance (Quarter Ended June 30, 2026)

  • Metalfab Hightech Private Limited: Revenue ₹164.14 crore, Net profit ₹17.75 crore
  • Techno Industries Private Limited: Revenue ₹39.02 crore, Net loss ₹(6.44) crore
  • Lloyds Advance Defence Systems Limited: Revenue ₹2.68 crore, Net profit ₹0.36 crore

Segment Information (Consolidated, Quarter Ended June 30, 2026)

  • Engineering Segment: Revenue ₹537.07 crore, Segment result ₹74.40 crore
  • Electrical Segment: Revenue ₹39.15 crore, Segment result (₹6.93) crore
  • Total segment revenue: ₹576.22 crore
  • Less: Inter-segment revenue: ₹35.99 crore
  • Net segment revenue: ₹540.23 crore

Corporate Developments and Events

1. ESOP Allotment (May 5, 2026): Nomination and Remuneration Committee approved allotment of 2,14,368 equity shares pursuant to exercise of Employee Stock Options at exercise price of ₹9.50 per share

2. Share Conversion (May 8, 2026): Securities Issue Committee approved conversion of 6,35,32,241 partly paid-up equity shares into fully paid-up equity shares

3. Merger Scheme Approvals:

  • Received Competition Commission of India (CCI) approval on May 12, 2026
  • Received No-Objection from NSE on May 18, 2026 and BSE on May 19, 2026
  • Scheme filed with NCLT on June 18, 2026 (matter pending)

4. Preferential Issue Approval (June 18, 2026):

  • Board approved raising funds through preferential issue of 7,13,74,554 equity shares of Re.1 each at issue price of ₹71.25 per share
  • Members approved the issue on July 15, 2026
  • In-principle approval from stock exchanges pending

5. Subsidiary Stake Dilution (June 29, 2026):

  • Company's shareholding in Lloyds Advance Defence Systems Limited diluted from 100% to 85% due to private placement fundraising by LADS
  • LADS ceased to be wholly owned subsidiary but remains a subsidiary

6. ESOP Grants (July 1, 2026): Nomination and Remuneration Committee approved grants at exercise price of ₹9.50 per option:

  • 12,32,334 options to employees of Lloyds Advance Defence Systems Limited
  • 4,15,000 options to employees of the Company
  • 13,33,562 options to employees of Lloyds Infrastructure and Construction Limited

7. Share Conversion (July 29, 2026): Securities Issue Committee approved conversion of 1,47,14,074 partly paid-up equity shares into fully paid-up equity shares

ESOP Plan Details (Lloyds Steels Industries Limited - Employee Stock Option Plan 2021)

  • Options outstanding at beginning of quarter (April 1, 2026): 1,30,89,300
  • Options exercisable at beginning of quarter: 60,10,256
  • Options granted during quarter: 2,14,368
  • Options vested during quarter: 4,48,559
  • Options lapsed (unvested) during quarter: 23,046
  • Options exercised during quarter: 45,86,129
  • Options outstanding at end of quarter (June 30, 2026): 1,24,49,419
  • Options exercisable at end of quarter: 16,15,449

Additional Information

  • Company has single business segment: Engineering Products and Services
  • Earnings per share are not annualized for interim periods
  • Figures for previous periods have been regrouped/reclassified to conform to current period classification