This engineering company’s stock is in focus as it has received a contract from the Mumbai Cricket Association. The Stock jumped 2.83 percent following the announcement
With a market capitalization of Rs. 7,649 Crore, the stock of Lloyds Engineering Works opened at the same level as yesterday’s close, but after opening, it made a high of Rs. 53.70, up 2.83 percent.
Contract Update from the Company
Lloyds Engineering Works Limited (LEWL) has secured a Rs. 15.39 crore order from the Mumbai Cricket Association to set up the Sharad Pawar Museum at Wankhede Stadium within three months. The project marks the company’s entry into experiential infrastructure.
The objective of the museum is to chronicle the history of Mumbai and Indian cricket, showcase memorabilia of legendary players, offer immersive and educational experiences, and establish a cultural and tourist landmark in the city.
Key features include a Heritage Gallery with rare memorabilia, a Hall of Fame honoring players and administrators, interactive zones with VR and touchscreen displays, a Learning Centre for students and young cricketers, and a multipurpose Event Space for screenings and events.
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About the Company
Lloyds Engineering Works Limited was established in 1974 and is based in Mumbai, India. It specializes in the design, manufacturing, and commissioning of heavy equipment and systems for sectors such as hydrocarbons, oil & gas, steel, power, nuclear energy, and marine infrastructure. The company’s state-of-the-art manufacturing facilities are located in Murbad, Thane. It also provides a complete engineering and infrastructure solutions package by designing engineering, manufacturing, fabrication, and installation.
The company reported a 5.31 percent YoY decrease in revenue from Rs. 188 Crore in Q4FY24 to Rs. 178 Crore in Q4FY25. On a QoQ basis, the company reported a decrease of 22.60 percent in revenue from Rs. 230 Crore in the previous quarter.
Their Net profit saw a decrease of 19.04 percent YoY from Rs. 21 Crore to Rs. 17 Crore for the same period. On a QoQ basis, the company reported a decrease of 50 percent in Net profit from Rs. 34 Crore in the previous quarter.
Written By Abhishek Das
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