Industrial Machinery company Lloyds Engineering Works announced Q3FY24 & 9MFY24 results: <br><br>Financial performance:<br><br>Revenue:<br>- Q3FY24 saw the highest ever quarterly revenue at Rs 201.4 crores, marking a 245% increase YoY.<br>- 9MFY24 revenue witnessed a significant rise of 214% YoY, amounting to Rs 436.3 crores.<br><br>EBITDA:<br>- EBITDA for Q3FY24 reached Rs 36.9 crores, an increase of 76% YoY.<br>- The 9MFY24 EBITDA also grew by 79% YoY, standing at Rs 78.7 crores.<br>- EBITDA Margins for Q3FY24 were at 18.2%.<br><br>PAT:<br>- PAT in Q3FY24 was recorded at Rs 27.1 crores, up by 112% YoY.<br>- For 9MFY24, the PAT rose by 93% to Rs 58.7 crores.<br><br>Order Book:<br>- The order book grew by 55% YoY for 9MFY24, reaching Rs 746 crores.<br>- Lloyds Engineering Works revealed a robust pipeline of orders/enquiries worth approximately Rs 450 crores.<br><br>Rights Issue:<br>- The recent right issue was oversubscribed by 2.7 times.<br><br>Operational and Strategic Developments:<br>- The area under manufacturing has expanded by 2.6 times in the last two years.<br>- The company has made significant technological tie-ups to enhance its engineering product and solutions portfolio.<br><br>Mr. Mukesh Gupta, the Chairman, commented on the performance: "We are pleased to share the exceptional achievements of our company in Q3 and 9M FY24, representing a transformative phase in our journey. We are proud to announce that we have achieved the highest quarterly revenue, with an outstanding 245% YoY growth for Q3FY24 and an impressive 214% YoY growth for 9M FY24."<br><br>"Our order book has proven resilient, standing firm at 746 crores, showcasing a commendable 55% YoY growth. This resilience directly results from our steadfast commitment to excellence in execution, even during challenging periods."<br><br>"As we celebrate these achievements, we thank our dedicated team and valued stakeholders for their unwavering support. Together, we are embarking on an exciting journey into a more structured growth phase, with confidence and determination."<br><br><br><br>Result PDF
Industrial Machinery company Lloyds Engineering Works announced Q2FY24 & H1FY24 results:<br><br>Financials:<br>The company has exhibited strong financial performance with significant revenue growth in Q2FY24 and H1FY24. The revenue grew by 312% YoY in Q2FY24 and 192% YoY in H1FY24. The EBITDA also witnessed substantial growth, reaching Rs. 25.3 crores in Q2FY24 compared to Rs. 9.2 crores in Q2FY23. The company remains net debt-free, highlighting its strong financial position.<br><br>Order Book:<br>Lloyds Engineering Works has a robust order book, which stood at Rs. 921.4 crores as of September 2023. The order book has grown by 174% YoY, and the current order book is approximately 3 times the FY23 sales. This highlights the strong demand and confidence in the company's offerings.<br><br>Strategic Plant Location:<br>The company's manufacturing facilities are strategically located in Murbad, Thane. The plants are adjacent to each other, leading to cost efficiencies and better logistics. This centralized location enables better absorption of overhead costs and shared infrastructure.<br><br>Technological Tie-ups:<br>Lloyds Engineering Works has entered into strategic technological tie-ups with reputed organizations like The Material Works, Ltd. (TMW), Bhabha Atomic Research Centre (BARC), and TB Global Technologies Ltd (TBG). These tie-ups provide the company with cutting-edge technology and expertise in various sectors, further enhancing its capabilities and product offerings.<br><br>"While rebranding as Lloyds Engineering Works, we aim to showcase our position as a provider of complete engineering and infrastructure solutions. Our goal is to deliver customized and efficient solutions to our clients, leveraging our technological tie-ups and strong manufacturing capabilities." - Shri. Mukesh R. Gupta, Chairman & Whole Time Director.<br><br>"We are proud of our strong financial performance and the significant growth we have achieved. Our order book has grown impressively, reflecting the trust and demand for our products and solutions. We remain committed to delivering high-quality, innovative solutions to our clients across sectors." - Shri. Kalpesh Agrawal, CFO.<br><br><br><br><br><br>Result PDF