Lloyds Metals and Energy posts strong 9MFY26 operational performance with 50% surge in iron ore volumes

Lloyds Metals and Energy Limited has reported a robust operational update for the nine months ended 9MFY26, marked by sharp growth in iron ore, DRI and pellet production, supported by ramp-up of key projects.

Iron ore: 50% YoY growth and new milestones

The company's iron ore output for 9MFY26 stood at 12.9 million tonnes, a 50% year-on-year increase compared with 8.5 million tonnes in 9MFY25. Notably, iron ore volumes for the nine-month period have already surpassed the full-year FY25 production, underscoring a strong ramp-up in mining operations.

In Q3 FY26 alone, iron ore production reached 5.5 million tonnes, up 110% YoY, driven by:

- Robust on-site mining activities

- Commissioning of the slurry pipeline, which enabled more efficient ore evacuation

In addition to the mined ore, the company has also accumulated 4.5 million tonnes of BHQ (Banded Hematite Quartzite). This BHQ material will be processed once the beneficiation plants are commissioned, providing further upside to future output.

Direct Reduced Iron (DRI): 22% higher in 9MFY26

DRI production during 9MFY26 was 291,099 tonnes, compared with 238,433 tonnes in 9MFY25, registering a healthy 22% year-on-year growth.

A key contributor to this increase was the commissioning of the new 360 KTPA DRI facility at Ghugus during Q2 FY26. The additional capacity helped drive significantly higher DRI output in Q3 FY26, where production was higher by 61% YoY.

Pellet plant: utilisation above 95%

The company's 4 MTPA pellet plant delivered production of 1.95 million tonnes in 9MFY26. On an annualised basis, this translates to capacity utilisation of more than 95%, reflecting efficient operations and strong demand for pellets.

Summary of 9MFY26 provisional production

Iron ore: 12.9 million tonnes (vs 8.5 million tonnes in 9MFY25)

BHQ: 4.5 million tonnes (to be processed post commissioning of beneficiation plants)

DRI: 291,099 tonnes (vs 238,433 tonnes in 9MFY25)

Pellet: 1.95 million tonnes (from the 4 MTPA pellet plant)

The combined impact of higher iron ore production, improved DRI output, and high pellet plant utilisation demonstrates a meaningful ramp-up of Lloyds Metals and Energy's integrated operations. These operational gains are expected to further strengthen the company's performance as new facilities stabilise and downstream value addition increases.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 1354.20 as compared to the previous close of Rs. 1322.00. The total number of shares traded during the day was 31523 in over 2903 trades.

The stock hit an intraday high of Rs. 1370.00 and intraday low of 1315.30. The net turnover during the day was Rs. 42444336.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 9MFY26 OperationalPerformanceUpdate