Lloyds Metals and Energy Limited (LLOYDSME) has announced its unaudited standalone and consolidated financial results for the quarter ended September 30, 2024.
- Net Profit: The company reported a net profit of ₹301.32 crore in Q2 FY25, marking a 30.2% year-on-year (YoY) growth from ₹231.26 crore in Q2 FY24. However, there was a significant 46% quarter-on-quarter (QoQ) decline from ₹557.40 crore in Q1 FY25.
- Revenue from Operations: Revenue from operations stood at ₹1,364.43 crore, reflecting a 25% YoY increase from ₹1,091.31 crore in Q2 FY24. However, revenue fell 43.5% QoQ from ₹2,417.24 crore in Q1 FY25.
Other Key Metrics:
- Total Income: ₹1,469.80 crore for Q2 FY25, compared to ₹1,111.23 crore in the corresponding quarter last year.
- Total Expenses: ₹1,046.28 crore, up from ₹816.18 crore in Q2 FY24, driven by higher costs of materials consumed and mining, royalty, and freight expenses.
- Profit Before Tax: The company posted a profit before tax of ₹423.52 crore, compared to ₹295.05 crore in Q2 FY24, reflecting a 43.5% YoY increase.
The results indicate robust year-on-year growth, although there has been a sequential decline in both revenue and profitability compared to the previous quarter.
TOPICS:
Lloyds Metals and Energy