Lloyds Metals and Energy reports 62% rise in Q2 net profit

Lloyds Metals & Energy Ltd. | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 512455 | NSE: LLOYDSME

25 Oct 2023 Evaluate

Lloyds Metals and Energy has reported results for second quarter ended September 30, 2023 (Q2FY24).

The company has reported 62.05% rise in its net profit at Rs 231.26 crore for Q2FY24 as compared to Rs 142.71 crore for the same quarter in the previous year. Total income of the company increased by 61.90% at Rs 1,111.23 crore for Q2FY24 as compared Rs 686.36 crore for the corresponding quarter previous year.

Lloyds Metals and Energy is into the business of manufacturing of sponge iron, power generation and mining activities.

Peers

Company Name	CMP
Jindal Steel	1165.00
Lloyds Metals&Energy	1839.50
Jai Balaji Inds	65.02
Steel Exchange India	11.30
KIC Metaliks	30.69
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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