During Monday’s trading session, the shares of a company in the business of manufacturing sponge iron, power generation and mining activities slumped 6.3 percent on BSE, after the company reported Q4 FY25 financial results with a net profit decline by around 48 percent QoQ and 27 percent YoY.
Price Movement
With a market cap of Rs. 64,814 crores, the shares of Lloyds Metals and Energy Limited hit an intraday low at Rs. 1,200.65, down by nearly 6.3 percent, compared to its previous closing price of Rs. 1,281.95.
So far in 2025, the stock has delivered positive returns of around 73 percent, but has declined by over 3 percent in the last one month.
What’s the News
The fluctuations in the share prices were observed after Lloyds Metals & Energy Limited (LMEL) announced the financial results for Q4 FY25, through the latest filings with the stock exchanges on Friday after market hours.
For Q4 FY25, Lloyds Metals reported a consolidated revenue from operations of Rs. 1,193 crores, reflecting a decline of around 29 percent QoQ from Rs. 1,675 crores in Q3 FY25, and a year-on-year fall of around 23 percent from Rs. 1,554 crores in Q4 FY24. Higher revenue was led by better iron ore realisations and record sponge production.
Similarly, the net profit also declined to Rs. 201.88 crore in Q4 FY25, a 48 percent decrease over the Rs. 389.3 crore reported in the previous quarter, and a 27 percent decline compared to Rs. 277 crore in Q4 FY24.
LMEL is building world-class assets in steel manufacturing, revolutionising iron ore mining and beneficiation, aligning with India’s steel production goals and fulfilling aspirations to create an economic powerhouse at Chandrapur & Gadchiroli, Maharashtra. The company has incurred a capex of Rs. 1,690 crores in FY24 and Rs. 3,694.7 crores in FY25.
Additional Updates
The company’s Board recommended a final dividend of Re. 1 on equity shares of the face value of Re. 1 each for FY25.
Additionally, the Board of LMEL also approved the raising of funds for an aggregate amount up to Rs. 5,000 crores by way of issuance of equity shares/bonds/debentures/convertible warrants/preference shares/any other equity linked securities through permissible modes, including but not limited to a private placement, a QIP, preferential issue, or any other method or combination of methods.
About the Company
Incorporated in 1977, Lloyds Metals and Energy Limited (LMEL) is engaged in mining iron ore, manufacturing coal-based Direct Reduced Iron (DRI)/(Sponge Iron) and generating power.
The company is one of the largest coal-based DRI manufacturers in Maharashtra with a production capacity of 3.4 lakh TPA across two districts, and is the only iron ore miner in Maharashtra.
Written by Shivani Singh
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