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Informist, Saturday, Aug. 8, 2026

 

By Khushi Singh

 

MUMBAI - Lloyds Metals & Energy Ltd. is expected to report a robust performance for the June quarter, driven by strong growth in iron ore and pellet volumes, improved domestic iron ore prices, and healthy contributions from its copper and mining business, according to brokerages tracking the company.

 

The metal company is expected to report a consolidated net profit of INR 15.14 billion for the June quarter, according to the average of estimates from four brokerages. This will be more than double the net profit a year ago and up 7% sequentially. The company's consolidated net sales for the quarter are estimated at INR 66.80 billion, up nearly three-fold on year and up 11% sequentially, according to the average of estimates.

 

The highest estimate for Lloyds' net profit is INR 18.51 billion from ICICI Securities Ltd. and the lowest is INR 11.88 billion from Nomura Equity Research. The highest estimate for the company's net sales is INR 73.71 billion from Nomura and the lowest is INR 62.52 billion from JM Financial Institutional Securities Pvt. Ltd. 

 

The company is likely to benefit from enhanced capacities and favourable commodity prices in the June quarter. The company's iron ore business is likely to benefit from firm domestic prices during the June quarter. Steel prices are also expected to improve during the quarter after touching a multi-year low in Dec. 2025, supporting the average selling price across the sector, brokerages said.

 

Lloyd Metals is expected to see a jump of 49% on year in its iron ore volumes for the June quarter, supported by stronger realisations from the mining business, brokerages said. Strong volume growth is expected to remain the key driver of the company's earnings during the quarter.

 

The metal mining company's consolidated earnings before interest, tax, depreciation, and amortisation for the June quarter are expected to be between INR 23.25 billion and INR 25.38 billion, according to estimates from three brokerages. The highest estimate is from Nomura and the lowest is from ICICI Securities. The projected EBITDA will be near record highs, supported by strong pellet sales volumes and improved mining profitability.

 

Strong underlying demand and a favourable pricing environment is likely to offset the impact of higher royalty payments and operating costs on margin, brokerages said. The company will detail its June quarter earnings Monday. Shares of Lloyds Metals ended Friday at INR 2,101.20 apiece on the National Stock Exchange, up 2%. The stock is up 19% since the company announced its results for the March quarter.

 

Of the six research reports on the company available with Informist, four have a "buy" recommendation on the stock and two have a "hold" recommendation. The average target price of the buy calls is INR 1,946, which is more than 7% lower than the closing price Friday. Two brokerages have a hold call on the stock with a target price of INR 1,810.

 

Following are the Apr-Jun earnings estimates for Lloyds Metals from four brokerages in descending order by estimate of net profit, in INR billion:

 

Brokerages	Net Sales	Net Profit	EBITDA
ICICI Securities Ltd.	65.94	18.51	23.25
JM Financial Institutional Securities Pvt. Ltd.	62.52	15.86	24.90
Anand Rathi Share and Stock Brokers Ltd.	65.01	14.28	--
Nomura Equity Research	73.71	11.88	25.38
Average	66.80	15.14	24.51

 

End

 

Edited by Pankaj Aher

 

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