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Lloyds Engineering Works reports over 2-fold jump in Q2 net profit

21 Oct 2023 Evaluate

Lloyds Engineering Works has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported over 2-fold jump in its net profit at Rs 18.79 crore for the quarter under review as compared to Rs 7.55 crore for the same quarter in the previous year. Total revenue of the company increased by 289.19% at Rs 123.14 crore for Q2FY24 as compared Rs 31.64 crore for the corresponding quarter previous year.

Lloyds Engineering Works (formerly known as Lloyds Steels Industries) is a designer and Manufacturer of Heavy Equipment, Machinery and Systems for Hydro Carbon Sector, Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers and Turnkey Projects.

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