Lloyds Engineering Works Ltd reported a strong operational performance in the third quarter, marked by sharp growth in profitability and margin expansion.
Net profit rose 69.5% year-on-year to ₹61 crore in Q3, compared with ₹36 crore in the year-ago period. Revenue increased marginally by 2.3% to ₹272.4 crore from ₹266.2 crore a year earlier.
EBITDA grew 20% YoY to ₹52.9 crore, while operating margin improved significantly to 19.4% from 16.6% in the corresponding quarter last year, reflecting better cost efficiency and operating leverage.
Ahead of the earnings announcement, shares of Lloyds Engineering Works Ltd closed at ₹51.89 on the NSE, up ₹5.73 or 12.41% for the day.
During the quarter, the company, along with Primetals as part of a consortium, secured an order worth ₹613 crore plus €18 million from SAIL’s IISCO Steel Plant for a 4.2 MTPA pellet project.
The company also announced strategic technology tie-ups, including an MoU with Poland-based FlyFocus for advanced FPV drones and UAV systems for defence and security applications in India. Lloyds Engineering also expanded its EPS Gen 4 technology agreement, opening global commercial opportunities, barring select geographies.
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Subsidiaries and associates delivered steady performance, with LICL reporting strong margin expansion and PAT of nearly ₹145 crore in 9MFY26, surpassing FY25 full-year levels. The company continues to secure diversified orders across steel, infrastructure and industrial segments, supporting its growth outlook.
