Lloyds Metals and Energy Ltd reported a landmark FY26 with revenue crossing ₹10,000 crore for the first time, reaching ₹13,837.8 crore. The company also announced strategic diversification into copper and recommended a 100% dividend.

Lloyds Metals Posts Landmark FY26 with ₹13,837.8 Crore Revenue, Diversifies into Copper

Lloyds Metals and Energy Ltd achieved a revenue of ₹13,837.8 crore for FY 2025-26, marking a growth of over 100% year-on-year and crossing the ₹10,000 crore milestone for the first time.

Reader Takeaway: Strong revenue growth and strategic copper entry; monitor related party transactions.

What just happened

The company reported a significant financial year for FY26. Revenue surged to ₹13,837.8 crore, and total income reached ₹17,306.4 crore. The EBITDA stood at ₹6,333.9 crore with a healthy EBITDA margin of 36.60%. Iron ore production was 21.96 million tonnes and pellet production reached 3.03 million tonnes.

Why this matters

This performance signifies a major growth phase for Lloyds Metals, doubling its revenue and strengthening its integrated mining-to-metal model. The diversification into copper aims to reduce business segment reliance and tap into new commodity markets.

The backstory

Lloyds Metals has been expanding its operational capacity, including the ongoing development of a 1.2 million tonne long products plant at Ghugus. This year's results show a substantial acceleration in growth.

What changes now

The company is actively diversifying its portfolio, notably into copper through operations at Surya Mines and a stake in the Chemaf Group. This strategic shift signals a move beyond traditional iron ore and pellet businesses.

Risks to watch

A key point for ongoing governance monitoring is the high volume of resolutions related to material related party transactions, which require careful oversight.

Peer comparison

While specific peer data for FY26 is not immediately available, the company's significant revenue growth and strong EBITDA margins indicate a competitive performance within the metals and energy sector.

Context metrics (time-bound)

• FY26 Revenue: ₹13,837.8 crore (over 100% YoY growth)
• FY26 Total Income: ₹17,306.4 crore
• FY26 EBITDA: ₹6,333.9 crore
• FY26 EBITDA Margin: 36.60%
• FY26 Iron Ore Production: 21.96 million tonnes
• FY26 Pellet Production: 3.03 million tonnes
• Thriveni Earthmovers & Infra FY26 Revenue: ₹7,996.9 crore
• Thriveni Earthmovers & Infra FY26 EBITDA: ₹2,053.6 crore

What to track next

Investors will be closely watching the progress of the copper diversification strategy and the ongoing development of new production facilities, alongside the company's governance practices regarding related party transactions.