Lloyds Metals And Energy Ltd.
LLOYDSMECommodities filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
12 transcript(s)/analyst meet(s) served; 3 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 12 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| COVER_LETTER | 20231025 | 2023-09-30 | no | |
| COVER_LETTER | 20240125 | 2023-12-31 | no | |
| COVER_LETTER | 20240503 | 2024-03-31 | no | |
| TRANSCRIPT | 20240508 | 2024-03-31 | yes | |
| TRANSCRIPT | 20241029 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250203 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250503 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250818 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251118 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260209 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260511 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260817 | 2026-06-30 | yes |
LLOYDSME
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,821.90 |
| 52-week range | 1098.2 – 2101.2 |
| Return 1M | -1.24% |
| Return 3M | 5.84% |
| Return 1Y | 39.84% |
| Return 3Y | 243.46% |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 7,354.00 |
| Other income | 128.00 |
| Total income | 7,483.00 |
| Cost of materials consumed | 1,247.00 |
| Purchases of stock-in-trade | 8.00 |
| Changes in inventories | -3.00 |
| Employee benefit expense | 400.00 |
| Finance costs | 276.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.62 | -0.00 |
| institutions foreign | 0.02 | -0.00 |
| institutions domestic | 0.02 | 0.00 |
| mutual funds | 0.02 | 0.00 |
| public | 0.38 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2024-03-31 | 3 |
| TRANSCRIPT | 2026-06-30 | 9 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,966.00 | 1,091.00 | 1,911.00 | 1,554.00 | 2,417.00 | 1,364.00 | 1,675.00 | 2,384.00 | 3,651.00 | 5,058.00 | 6,020.00 | 7,354.00 |
| Other income | 12.00 | 20.00 | 13.00 | 8.00 | 6.00 | 105.00 | 18.00 | 28.00 | 55.00 | 97.00 | 11.00 | 128.00 |
| Total income | 1,977.00 | 1,111.00 | 1,924.00 | 1,562.00 | 2,423.00 | 1,470.00 | 1,693.00 | 2,412.00 | 3,707.00 | 5,155.00 | 6,031.00 | 7,483.00 |
| Cost of materials consumed | 155.00 | 95.00 | 155.00 | 132.00 | 123.00 | 241.00 | 88.00 | 200.00 | 484.00 | 551.00 | 855.00 | 1,247.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 274.00 | 96.00 | 135.00 | 0.00 | 48.00 | 62.00 | 178.00 | 229.00 | 11.00 | 8.00 |
| Changes in inventories | -52.00 | -31.00 | -25.00 | 92.00 | -14.00 | 36.00 | -3.00 | -67.00 | -39.00 | -121.00 | -493.00 | -3.00 |
| Employee benefit expense | 23.00 | 29.00 | 37.00 | 30.00 | 34.00 | 35.00 | 41.00 | 64.00 | 368.00 | 412.00 | 450.00 | 400.00 |
| Finance costs | 1.00 | 1.00 | 2.00 | 2.00 | 2.00 | 4.00 | 8.00 | 15.00 | 176.00 | 152.00 | 168.00 | 276.00 |
| Depreciation and amortisation | 8.00 | 10.00 | 15.00 | 17.00 | 19.00 | 18.00 | 22.00 | 31.00 | 167.00 | 186.00 | 224.00 | 262.00 |
| Other expenses | 1,304.00 | 712.00 | 1,022.00 | 745.00 | 1,422.00 | 714.00 | 965.00 | 1,332.00 | 1,618.00 | 2,228.00 | 2,652.00 | 2,921.00 |
| Total expenses | 1,438.00 | 816.00 | 1,479.00 | 1,115.00 | 1,719.00 | 1,046.00 | 1,169.00 | 1,635.00 | 2,951.00 | 3,637.00 | 3,866.00 | 5,110.00 |
| Profit before exceptional items and tax | 540.00 | 295.00 | 444.00 | 448.00 | 704.00 | 424.00 | 524.00 | 777.00 | 756.00 | 1,519.00 | 2,165.00 | 2,373.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 540.00 | 295.00 | 444.00 | 448.00 | 704.00 | 424.00 | 524.00 | 777.00 | 756.00 | 1,519.00 | 2,165.00 | 2,373.00 |
| Current tax | 0.00 | 0.00 | 158.00 | 102.00 | 163.00 | 94.00 | 199.00 | 85.00 | 199.00 | 437.00 | 505.00 | 476.00 |
| Deferred tax | 136.00 | 64.00 | -45.00 | 69.00 | -17.00 | 28.00 | -65.00 | 51.00 | -10.00 | -10.00 | 152.00 | 196.00 |
| Tax expense | 136.00 | 64.00 | 113.00 | 171.00 | 146.00 | 122.00 | 135.00 | 135.00 | 189.00 | 427.00 | 657.00 | 671.00 |
| Profit for the period | 403.00 | 231.00 | 332.00 | 277.00 | 557.00 | 301.00 | 389.00 | 642.00 | 567.00 | 1,090.00 | 1,530.00 | 1,734.00 |
| Profit attributable to owners | 403.00 | 231.00 | 332.00 | — | — | — | — | — | 572.00 | 1,047.00 | 1,420.00 | 1,727.00 |
| Profit attributable to non-controlling interests | 0.00 | — | — | — | — | — | — | — | -5.00 | 42.00 | 111.00 | 7.00 |
| Other comprehensive income | 0.00 | 0.00 | 0.00 | 2.00 | 1.00 | 1.00 | 1.00 | -0.00 | 10.00 | -4.00 | 82.00 | -22.00 |
| Total comprehensive income | 403.00 | 231.00 | 332.00 | 279.00 | 558.00 | 302.00 | 390.00 | 641.00 | 577.00 | 1,086.00 | 1,612.00 | 1,712.00 |
| Earnings per share, basic | 7.99 | 4.58 | 6.57 | 5.49 | 11.06 | 5.88 | 7.55 | 12.12 | 11.04 | 19.87 | 26.77 | 30.68 |
| Earnings per share, diluted | 7.93 | 4.55 | 6.51 | 5.45 | 10.96 | 5.44 | 7.04 | 11.28 | 10.33 | 18.78 | 25.79 | 30.38 |
Annual results, as filed
| Line | 2024-03-31 | 2026-03-31 |
|---|---|---|
| Revenue from operations | 6,522.00 | 17,113.00 |
| Other income | 53.00 | 194.00 |
| Total income | 6,575.00 | 17,306.00 |
| Cost of materials consumed | 537.00 | 2,167.00 |
| Purchases of stock-in-trade | 370.00 | 371.00 |
| Changes in inventories | -15.00 | -720.00 |
| Employee benefit expense | 118.00 | 1,293.00 |
| Finance costs | 6.00 | 510.00 |
| Depreciation and amortisation | 49.00 | 607.00 |
| Other expenses | 3,784.00 | 7,861.00 |
| Total expenses | 4,848.00 | 12,090.00 |
| Profit before exceptional items and tax | 1,727.00 | 5,216.00 |
| Exceptional items | 0.00 | 0.00 |
| Profit before tax | 1,727.00 | 5,216.00 |
| Current tax | 260.00 | 1,225.00 |
| Deferred tax | 224.00 | 183.00 |
| Tax expense | 484.00 | 1,408.00 |
| Profit for the period | 1,243.00 | 3,829.00 |
| Profit attributable to owners | — | 3,681.00 |
| Profit attributable to non-controlling interests | — | 148.00 |
| Other comprehensive income | 3.00 | 88.00 |
| Total comprehensive income | 1,246.00 | 3,917.00 |
| Earnings per share, basic | 24.62 | 69.42 |
| Earnings per share, diluted | 24.43 | 66.87 |
Balance sheet, as filed
| Line | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Total assets | 2,930.00 | 3,938.00 | 7,201.00 | 20,133.00 | 41,650.00 |
| Non-current assets | 1,658.00 | 2,810.00 | 4,730.00 | 13,805.00 | 31,826.00 |
| Current assets | 1,272.00 | 1,127.00 | 2,471.00 | 6,328.00 | 9,824.00 |
| Property, plant and equipment | 897.00 | 1,157.00 | 1,448.00 | 6,436.00 | 9,992.00 |
| Capital work-in-progress | 433.00 | 1,268.00 | 2,119.00 | 3,539.00 | 13,946.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 1,175.00 | 1,695.00 |
| Other intangible assets | 73.00 | 307.00 | 80.00 | 192.00 | 1,093.00 |
| Inventories | 250.00 | 231.00 | 272.00 | 1,457.00 | 2,660.00 |
| Trade receivables | 144.00 | 80.00 | 260.00 | 1,454.00 | 1,481.00 |
| Cash and cash equivalents | 1.00 | 3.00 | 547.00 | 69.00 | 2,122.00 |
| Total equity and liabilities | 2,930.00 | 3,938.00 | 7,201.00 | 20,133.00 | 41,650.00 |
| Equity | 2,181.00 | 2,811.00 | 5,786.00 | 8,159.00 | 14,266.00 |
| Equity share capital | 50.00 | 51.00 | 52.00 | 53.00 | 56.00 |
| Other equity | 2,130.00 | 2,760.00 | 5,733.00 | 7,653.00 | 13,815.00 |
| Total liabilities | 749.00 | 1,127.00 | 1,415.00 | 11,974.00 | 27,384.00 |
| Non-current liabilities | 102.00 | 141.00 | 157.00 | 5,836.00 | 15,286.00 |
| Current liabilities | 647.00 | 986.00 | 1,258.00 | 6,138.00 | 12,098.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 5,463.00 | 13,849.00 |
| Borrowings, current | 3.00 | 0.00 | 0.00 | 2,519.00 | 6,531.00 |
| Trade payables | 89.00 | 395.00 | 71.00 | 1,223.00 | 2,664.00 |
Cash flow, as filed
| Line | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|
| Net cash from operating activities | 699.00 | 1,701.00 | -48.00 | -1,631.00 | 2,921.00 |
| Net cash from investing activities | -724.00 | -1,725.00 | -1,491.00 | -2,505.00 | -10,543.00 |
| Net cash from financing activities | -2.00 | -1.00 | 2,083.00 | 3,645.00 | 8,633.00 |
| Purchase of property, plant and equipment | 575.00 | 1,721.00 | 1,804.00 | 2,871.00 | 9,962.00 |
| Net increase in cash | -26.00 | -25.00 | 545.00 | -490.00 | 1,012.00 |
| con:CFO.BEFORE_TAX | 849.00 | 1,951.00 | 185.00 | -1,237.00 | 4,096.00 |
| con:INTEREST_RECEIVED.OPERATING | -32.00 | -23.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 119.00 | 227.00 | 233.00 | 395.00 | 1,175.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 2.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 48.00 | 264.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 40.00 | 7.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 70.00 | 617.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2024-06-30 | 2024-07-09 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-08-12 | 2025-09-30 | 2025-10-21 | 2025-12-31 | 2026-02-03 | 2026-03-13 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 65.69 | 63.49 | 63.49 | 63.49 | 63.44 | 63.44 | 63.05 | 0.63 | 0.63 | 0.64 | 0.64 | 0.62 | 0.62 | 0.62 |
| Domestic institutions | 0.08 | 1.25 | 1.26 | 1.76 | 1.93 | 2.08 | 2.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Mutual funds | — | — | — | — | — | 1.85 | 1.84 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Insurance companies | 0.01 | 0.09 | 0.09 | 0.13 | 0.10 | 0.12 | 0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign institutions | 1.11 | 1.84 | 1.95 | 1.97 | 2.11 | 2.18 | 2.40 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Government | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 34.28 | 36.48 | 36.49 | 36.50 | 36.53 | 36.54 | 36.91 | 0.37 | 0.37 | 0.36 | 0.36 | 0.38 | 0.38 | 0.38 |
| Non-institutional | 33.10 | 33.38 | 33.27 | 32.77 | 32.50 | 32.29 | 32.45 | 0.33 | 0.33 | 0.32 | 0.33 | 0.34 | 0.34 | 0.34 |
| Shares outstanding | 505253535 | 522753535 | 522811645 | 522811645 | 523241945 | 523241945 | 526448232 | 526448232 | 528405690 | 544359038 | 545164538 | 562785088 | 562785088 | 562906951 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Thriveni Earthmovers Private Limited | Promoter of the listed entity | Dividend paid, Purchase of goods or services | 5,835,923,000.00 | 2 |
| Mandovi River Pellets Private Limited | Mr. Balasubramanian Prabhakaran, M | Any other transaction | 4,713,342,000.00 | 1 |
| Lloyds Infrastructure and Construction Limited | Mr. Madhur Gupta, Promoter and Exe | Purchase of fixed assets | 4,321,362,000.00 | 1 |
| Sunflag Iron and Steel Co Limited | Related Party of the listed entity | Sale of goods or services | 2,271,041,000.00 | 1 |
| Lloyds Engineering Works Limited | Mr. Mukesh Gupta is a Whole Time D | Purchase of fixed assets | 2,167,138,000.00 | 1 |
| Lloyds Infinite Foundation | Subsidiary of the listed entity | Any other transaction, Loan | 864,652,000.00 | 2 |
| Sky United LLP | Promoter of the listed entity | Dividend paid | 65,955,000.00 | 1 |
| Crosslink Food and Farms Private Limited | Promoter of the listed entity | Dividend paid | 65,559,000.00 | 1 |
| Lloyds Metals And Minerals Trading LLP | Promoter of the listed entity | Dividend paid | 35,742,000.00 | 1 |
| Madhur Gupta | Executive Director and Promoter | Dividend paid, Remuneration | 17,383,000.00 | 2 |
| Lloyds Enterprises Limited | Promoter of the listed entity | Dividend paid | 15,738,000.00 | 1 |
| Ravi Agarwal | Promoter of the listed entity | Dividend paid | 11,730,000.00 | 1 |
| Rajesh Gupta | Managing Director and Promoter | Dividend paid, Remuneration | 9,699,000.00 | 2 |
| Shreekrishna M Gupta | Promoter of the listed entity | Dividend paid | 9,602,000.00 | 1 |
| Balasubramanian Prabhakaran | Managing Director and Promoter | Remuneration | 8,491,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-17 | Q1FY27 | EARTHMOVERS PRIVATE LIMITED, FINANCE, INTERNATIONAL STRATEGY AND, LIMITED | Read the call |
| 2026-05-11 | FYFY26 | PRIVATE LIMITED, THRIVENI | Read the call |
| 2026-02-09 | Read the call | ||
| 2025-11-18 | H1FY26 | Read the call | |
| 2025-08-18 | Q1FY26 | METAL AND ENERGY LIMITED | Read the call |
| 2025-05-03 | FYFY25 | Read the call | |
| 2025-02-03 | Q3FY25 | Read the call | |
| 2024-10-29 | H1FY25 | LLOYDS METALS AND ENERGY | Read the call |
| 2024-05-08 | Q4FY24 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | FYFY25 | FYFY26 | H1FY25 | H1FY26 | Q1FY26 | Q1FY27 | Q3FY25 | Q4FY24 |
|---|---|---|---|---|---|---|---|---|
| Capex | So in the prepared remarks, it was mentioned that INR6,000 crores to INR6,500 crores capex in FY '26. | So just wanted to understand the capex part of it and how we are looking at operations to ensure that these kind of numbers in terms of free cash accr… | Speaking about capital expenditure, we incurred a capital expenditure of INR1,690 crores in FY24 and INR1,714 crores in H1 FY25. We will now give you … | On capital expenditure, our focus remains on disciplined execution. | Sir, lastly, on the capex for this year, how should we think about the capex, including the acquisitions that we are doing? | The company incurred capex of INR13,513 crores during FY '24 to FY '26 and a further of INR3,005 crores in quarter 1 FY '27 alone, as we continue to b… | Sir, in the opening remarks, you mentioned the capex number. | Approximately, our iron ore sales at that point of time will be around 6 million tons, sorry, 9 million tons, after our whole CAPEX plan is over. |
| Capital allocation | — | And plus we have done an acquisition of another 49% stake in Chemaf. | — | And the land is under acquisition right now. | So, while Brahmani River pellet makes sense around 50%, but just wanted to understand the rationale for acquisition of 19.4% stake in MRPPL. | A significant part of this pertains to the Chemaf acquisition, which we are actually working to renegotiate on more favorable terms. | So, the recent acquisition of MDO business we did and the revenue we'll be earning from this, is it considered in that target? | — |
| Costs | My first question is, on last call, you have guided for cost saving on a consolidated basis once MDO merger is completed. | — | — | — | And that will also add 2 things to the cost saving exercise. | — | And sir, one place in the presentation you had mentioned that once the MDO business integration is completed, there'll be almost about, INR400 to INR5… | — |
| Debt and cash | As a cash flow, no. The past inflows, the past inflows would start coming in will come in majorly around INR35 crores, INR40-odd crores. | And is the company looking for any deleveraging in FY27-'28? | — | Working capital might be a reason for that. | See, for the acquisition, we have that cash flows are built in within the company internal approvals, plus some shares is what we have to be doing. | Our consolidated debt -- net debt remains around INR19,000 crores. | So, the way we have done our scheduling, which I mentioned to you earlier, is we are asking the cash flows to take care of that. | — |
| Demand | Number two, this year, our pipeline is getting commissioned, and that will help in moving the volumes out of the mine. | Congratulations to you all for remarkable set of numbers, and metallic numbers for FY26. So to start with the first question, just would like to know,… | In terms of project updates, we are excited to announce the successful laying of the 85 kilometer slurry pipeline, completed in record breaking time a… | Our total income for quarter 2 FY '26 stood at INR25,754 million, up 75% year-on-year, driven by higher iron-ore dispatches, the commencement of pelle… | So, there are also talks with the long-term consumers utilizing the pipeline and the pellet asset there. | Why I have been focusing on pellets is because that's a big factor of the margins that we are reporting of, improving the slurry pipeline that has str… | Regarding the evacuation, like I mentioned earlier, our pipeline of 10 million tons is in place. | For the 4.2 million tons, approximately 15 million tons of pipeline route will be used. |
| Guidance | So what would be your guidance at this point in time for FY '26? | Because if I remember correctly, a couple of quarters back, we have given a pretty good numbers in terms of revenue guidance on the Thriveni side. | So, could you just show some light on this and what can we expect? | And sir, regarding Thriveni, if I remember when we were doing the merger, our guidance for FY '26 was somewhere around INR8,000 crores with almost INR… | Sir, my first question pertains to our guidance of 22 million tons of iron ore mining. | Having said that, I want to be very clear that our guidance of 28% to 30% EBITDA margins on a full-year basis remains intact. | And by when can we expect the EC to come in? | Firstly, when do we expect to receive all the clearance to expand our mine to around 55 million tons? |
| Margin | But if you look at the EBITDA per ton, it was down sharply. | And what has caused this margin expansion on the year-on-year basis from EBITDA margin of 16% to 26%? | On EBITDA front, EBITDA mirrored revenue performance increasing by 37% year-on-year in H1 FY25. The robust performance was supported by high margins f… | EBITDA for the quarter was INR8,693 million, up 95% year-on-year with margins at 33.75% expanding by 348 basis points. | The profitability is around -- extra from iron ore of around INR1,500 to INR1,800 per ton on an EBITDA basis. | EBITDA came in at INR2,120 crores, growing 172% year-on-year and 31% quarter-on-quarter. | And secondly, on the gross margin front, sir, our overall sales volume if we've seen quarter 3 FY '25 is like slightly higher and the raw material cos… | So, you know, if currently say Tata Steel domestic EBITDA by ton is like the benchmark in terms of they can deliver in a good cycle, even a Rs. |
| People | — | — | — | The newly commissioned pellet plant at Konsari has been ramping up well and has achieved full utilization within 4 months of commencement. | — | I'm proud to say our pellets operations reached 100% capacity utilization within just 4 months. | — | — |
| Pricing | The iron ore market is growing a little lesser than that around 5% to 6% Therefore, the exports are reducing, International market is still very, very… | On the pricing of iron ore, it's more or less driven by the market. | And in the Indian market for the first time after many months we have seen a double price increase in the market itself. | So would we push more volumes or the pricing is something which we keep in mind because that extra volume would further degrade our pricing scenario. | Nobody can really predict the iron ore pricing. | This set of markets, roughly 3/4 of domestic and 1/4 of export, is helping us to place volumes well and protect pricing. | And my second question is like, could you provide a detailed projection on how this cost reduction will translate into the pricing competitiveness in … | It depends upon that market pricing at that point of time. |
| Revenue growth | — | Would our revenue follow the similar model or the rates are different and revenue growth would be lower than that? | And there is a growth of around 7%, 8% per annum for the next 4 years or even more. | — | First is like we are projecting our top line to be somewhere around INR40,000 crores in a matter of 4, 5 years down the line. | This growth was driven by higher iron ore EC limits, a faster-than-planned ramp-up of the pellet plant and improved sponge iron volumes. | — | — |