Lloyds Metals shares surged over 6% in early morning trading following the announcement of its strong Q1 results. As of 9:40 AM, the shares were trading 6.46% higher at Rs 1,470.00.
The company reported a remarkable consolidated revenue increase of nearly 100%, reaching Rs 2,384 crore compared to Rs 1,193 crore in the previous quarter. Net profit soared by an impressive 217.8% to Rs 642 crore, up from Rs 202 crore, while EBITDA jumped over 200% to Rs 794 crore from Rs 261 crore. The EBITDA margin also improved significantly to 33.3% from 21.9%, highlighting enhanced operational efficiency.
On the trading front, Lloyds Metals shares opened at Rs 1,400 and moved between a low of Rs 1,400 and a high of Rs 1,477 during the session. The stock’s 52-week range stands between Rs 726.20 and Rs 1,612, with the previous closing price at Rs 1,380.80.
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