Financially strong stock engaged in the design, Manufacturing, Commissioning, and other works of heavy equipment, machinery & systems, and many more jumped upto 6 percent in the day’s trade following a 49 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 9,062 Crores, the shares of Lloyds Engineering Works Limited were trading at Rs. 79.17 per equity share, up 0.73 percent from its previous day’s close price of Rs. 78.62.
Q2FY25 Results
Its Revenue from operations grew by 74 percent YoY from Rs. 121.77 Crores in Q2FY24 to Rs. 212.14 Crores in Q2FY25 and it grew by 57 percent QoQ from Rs. 135.42 Crores in Q1FY25 to Rs. 212.14 Crores in Q2FY25.
Its Net Profit grew by 49 percent YoY from Rs. 18.78 Crores in Q2FY24 to Rs. 27.94 Crores in Q2FY25 and it grew by 32 percent QoQ from Rs. 21.21 Crores in Q1FY25 to Rs. 27.94 Crores in Q2FY25. Its Net Profit Margin decreased from 15.25 percent in Q2FY24 to 12.86 percent in Q2FY25.
About the Company
Lloyds Engineering Works Limited is engaged in the business of design, Manufacturing, Commissioning, and other works of heavy equipment, machinery & systems for steel plants, oil & gas sectors, power plants, and many more.
As of October 2024, it has a strong order book worth Rs. 1,365.86 Crores, and its sector-wise breakup includes Steel 64.98 percent, Power 15.13 percent, Naval & Defence 6.09 percent, Civil 5.72 percent, Eco Pickling 3.66 percent, Hydro Carbon 3.33 percent, and Marine/Port 1.09 percent.
It has a strong clientele base, some of the well-known players are Engineers India, Indian Oil, Bharat Petroleum, Hindustan Petroleum, Tata Projects, Larsen & Toubro, Mazagon Dock Shipbuilders, Cochin Shipyard, and many others.
Lloyds Engineering Works Limited acquired 77 percent of Techno Industries Pvt. Ltd., marking its strategic entry into the fast-growing electrical engineering sector, and signed (MOU) to acquire the Engineering Assets of Bhilai Engineering Corporation Ltd (BECL), towards strategic expansion.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
