Q3 2024 Lloyds Metals And Energy Ltd Earnings Call Transcript
Key Points
- Lloyds Metals & Energy Ltd (BOM:512455) recorded its highest ever production during the nine-month period, operating at optimum capacity utilization.
- The company achieved a 31% year-on-year growth in EBITDA, driven by strong performance in the iron ore and sponge iron segments.
- The iron ore segment saw improved realizations per ton, with an 8% year-on-year increase in Q3 FY '25.
- Ongoing projects, including the DRI and pellet plant, are nearing completion and are expected to be commissioned by the end of the current quarter or early next quarter.
- The company has implemented cost-efficiency measures, ensuring sustainable profits and maintaining competitiveness in the market.
- Market conditions for sponge iron remain volatile, impacting profitability despite operational efficiencies.
- Power segment volumes remained flat year-on-year, with muted power prices affecting EBITDA.
- The company faces potential delays in receiving environmental clearance (EC), which could impact expansion timelines.
- There is uncertainty regarding the timeline for the full ramp-up to desired production levels once EC is received.
- The company is exposed to market fluctuations and pricing volatility, particularly in the DRI and power segments.
Ladies and gentlemen, good day and welcome to Lloyds Metal And Energy Limited Q3 FY '25 Earnings Conference Call hosted by Dam Capital. (Operator instructions)
I now hand the conference over to Mr. Prateek Singh from Dam Capital.
Thanks Manav.
Good evening, everybody and thank you for joining us today.
We at Dam Capital are pleased to host large middle and energies third quarter and nine month FY '25 results conference call we have with us today from the management, Mr. Rajesh Gupta, managing director, Mr. Riyaz Shaikh, CFO. Without further ado now, I would like to invite Mr Raj Gupta to initiate the proceedings for the call. Thanks and over to you, sir.
Good evening everyone and thanks Pratik for taking this call.
Thank you all for taking the time to join our conference. Call here currently with the investor community and sharing updates on our business is
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