Q2 2025 Lloyds Metals And Energy Ltd Earnings Call Transcript
Key Points
- Lloyds Metals & Energy Ltd (BOM:512455) reported a 26% year-on-year revenue growth for H1 FY2025, driven by higher iron ore volumes and realizations.
- The company achieved a significant milestone by completing an 85-kilometer slurry pipeline in record time, which is expected to reduce transportation costs by INR 600 per ton.
- EBITDA increased by 37% year-on-year in H1 FY2025, supported by high margins from both iron ore and sponge production.
- The company received INR 72 crores as IPS benefits from previous years, contributing positively to the overall performance.
- Lloyds Metals & Energy Ltd (BOM:512455) is on track with its project timelines, with several projects ahead of schedule, including the first pellet plant and DRI plant expected to be completed by March 2025.
- The company faces headwinds in the domestic iron ore market, although prices have remained stable.
- There was a marginal loss in pellet trading due to low export margins and carryover administrative costs from previous quarters.
- Capital expenditure remains high, with INR 1,714 crores spent in H1 FY2025, and similar levels expected in the second half of the financial year.
- The company is reliant on receiving environmental clearances for mine expansion, which are expected by February 2025.
- The seasonal impact of monsoons led to a decrease in mining revenue in Q2 compared to the previous quarter.
Ladies and gentlemen, good day and welcome to Lloyds Metals and Energy Limited Q2 Financial year 2025 earnings call hosted by Equirus Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Siddharth Gadekar.
Thank you and over to you Mr. Gadekar.
Good morning, everyone and thank you for joining us today. We have the queries are pleased to host Lloyd Metals and Energy Q2 FY2025 results conference call we have with us today, Mr. Rajesh Gupta, managing director; Mr. Riyaz Shaikh our CFO. Now, I would like to invite Mr. Rajesh Gupta to initiate the proceedings for the results.
Thank you.
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