Lloyds Metals and Energy Approves Major Strategic Investments, Announces Q2 Financial Results
Lloyds Metals and Energy Limited announced significant strategic approvals following its Board of Directors meeting held on August 10, 2026. The Board approved substantial investments in renewable energy projects, secured a new non-executive independent director, and sanctioned the conversion of loans into equity for a wholly owned subsidiary.The company’s unaudited financial results for the quarter ended June 30, 2026, were also reviewed and approved by the Board.
Financial Performance Highlights (Q ended June 30, 2026)
Based on the consolidated unaudited statement of financial results, the company reported key performance indicators for the quarter.| Particulars | Qtr ended 30-Jun-26 (Unaudited) | Qtr ended 31-Mar-26 (Audited) |
|---|---|---|
| Total Income | 7,482.72 Cr | 6,030.93 Cr |
| Total Expenses | 5,109.99 Cr | 3,866.33 Cr |
| Profit before tax | 2,372.73 Cr | 2,164.60 Cr |
| Profit after tax | 1,733.89 Cr | 1,530.10 Cr |
| Paid Up Equity Share Capital (Face value of Re. 1/-\) | 56.28 Cr | 56.28 Cr |
| Other Equity | 15,467.90 Cr | 13,814.61 Cr |
Strategic Approvals and Investments
The Board approved several key proposals aimed at strengthening the company's operational base and facilitating international growth.Renewable Energy Projects for Captive Consumption
The Company sanctioned projects to secure renewable energy sources for its operations through investments in three entities: Amplus Green One Power Private Limited, Amplus Energy One Private Limited, and Amplus Ceres Solar Private Limited. All acquisitions are intended to ensure the captive consumption of generated power, subject to applicable regulatory requirements.Key details regarding these ventures include:
| Entity | Type of Project | Capacity/Investment Scope | Purpose |
|---|---|---|---|
| Amplus Green One Power Pvt Ltd | Wind Power | 36 MW / Investment up to Rs. 29.66 Crores | Captive use for operations, optimizing energy consumption costs. |
| Amplus Energy One Pvt Ltd | Wind Power | 12 MW / Investment up to Rs. 9.89 Crores | Captive use for operations, optimizing energy consumption costs. |
| Amplus Ceres Solar Pvt Ltd | Solar Power | 17.59 MWac (26.47 MWpdc) / Investment up to Rs. 8.47 Crores | Captive use for operations, optimizing energy consumption costs. |
Subsidiary Financing and Debt Conversion
The Board also approved two major financial restructuring initiatives involving the company's wholly owned subsidiaries:1. Debt-to-Equity Conversion: The Company approved converting existing loans extended to Lloyds Global Resources FZCO (LGRF), a wholly owned subsidiary, into equity shares of LGRF. This move is set to support the long-term strategic objectives of strengthening the capital base and improving the debt-equity structure of LGRF.
2. Investment in TEIL: Approval was granted for an additional investment in Thriveni Earthmovers and Infra Private Limited (TEIL), a subsidiary, up to an aggregate value of INR 625 crores through subscription to the rights issue or further issue of capital offered by TEIL.
Governance and Corporate Actions
The Board approved the appointment of Mr. Avijit Ghosh as an Additional Director designated as Non-Executive, Independent Director of the Company. The appointment is effective from August 10, 2026, for a term of five consecutive years, ending August 9, 2031, subject to shareholder approval.The company also confirmed investments in its subsidiaries:
- LGRF: Investments were approved into Lloyds Global Resources FZCO (LGRF) through the subscription to various preference shares and hybrid securities, supporting LGRF’s role as a global holding and trading arm for mining operations across Africa, Papua New Guinea, and Latin America.
- TEIL: The investment in Thriveni Earthmovers and Infra Private Limited is aimed at enabling the subsidiary to meet working capital requirements and fund business expansion.
The Company also reported on its performance metrics (including Debt Equity Ratio of 1.33 and Net Profit Margin of 23.17% for the quarter) and confirmed that the utilized proceeds from private placements totaling INR 600 crores (raised Jan 30, 2026) and INR 750 crores (raised May 8, 2026) showed no deviation.
LLOYDSME Stock Price Movement
Lloyds Metals And Energy Limited shed 2.00% in trading today, settling at ₹2052.8 after witnessing a considerable intraday decline. While the stock closed down ₹42.10 from the previous close, it had previously tested its 52-week high of ₹2125 amid a volume of 783,313 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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