LLOYDSENGGLloyds Engineering Works Ltd.
Lloyds Engineering Works Q2 FY27 Results: Consolidated Net Profit ₹57.77 Crore on Total Income of ₹608 Crore
- Earnings
- engineering equipment manufacturing
Reviewed byKeshav SehgalBlacklitt Research
Lloyds Engineering Works (NSE: LLOYDSENGG) reported consolidated total income of ₹607.57 crore and net profit of ₹57.77 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹377.32 crore and standalone net profit ₹43.81 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹607.57 crore, up 87.0% YoY and 12.5% QoQ
- Net profit and EPS: Net profit ₹57.77 crore, up 6.3% YoY and down 15.3% QoQ; basic EPS ₹0.38
- Finance costs: ₹9.66 crore, against ₹3.91 crore a year earlier and ₹3.26 crore in the prior quarter
Standalone
The company on its own, without its subsidiaries
- Total income: ₹377.32 crore, up 50.1% YoY and 1.9% QoQ
- Net profit and EPS: Net profit ₹43.81 crore, up 32.0% YoY and 0.9% QoQ; basic EPS ₹0.29
- Finance costs: ₹3.95 crore, against ₹3.08 crore a year earlier and ₹2.68 crore in the prior quarter
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 607.57 | 324.85 | +87.0% | 540.23 | +12.5% | |
| Revenue from operations | 593.55 | 316.66 | +87.4% | 527.15 | +12.6% |
| Other income | 14.02 | 8.19 | +71.2% | 13.08 | +7.2% |
| 57.77 | 54.35 | +6.3% | 68.23 | -15.3% | |
| Profit before tax | 57.89 | 47.16 | +22.8% | 68.99 | -16.1% |
| Finance costs | 9.66 | 3.91 | +147.1% | 3.26 | +196.3% |
| Depreciation | 11.98 | 5.75 | +108.3% | 6.98 | +71.6% |
| Tax expense | 14.51 | 3.58 | +305.3% | 13.89 | +4.5% |
| Net profit margin | 9.51% | 16.73% | -7.22 pp | 12.63% | -3.12 pp |
| EPS, basic (₹) | 0.38 | 0.41 | -7.3% | 0.47 | -19.1% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew much faster than profit this quarter. Consolidated total income rose 87.0% to ₹607.57 crore, but net profit rose only 6.3% to ₹57.77 crore. Tax expense rose to ₹14.51 crore from ₹3.58 crore a year earlier, and it is 25.1% of profit before tax of ₹57.89 crore.
Finance costs were ₹9.66 crore, 1.6% of total income, against ₹3.91 crore a year earlier. Depreciation of ₹11.98 crore is also up sharply on the year-earlier ₹5.75 crore.
The net profit attributable to owners of the company was ₹50.97 crore, against ₹63.97 crore in the prior quarter. The filing does not give the reason for the quarter-on-quarter fall.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 377.32 | 251.46 | +50.1% | 370.22 | +1.9% | |
| Revenue from operations | 362.30 | 244.45 | +48.2% | 355.82 | +1.8% |
| Other income | 15.02 | 7.01 | +114.3% | 14.40 | +4.3% |
| 43.81 | 33.19 | +32.0% | 43.43 | +0.9% | |
| Profit before tax | 52.70 | 38.03 | +38.6% | 52.14 | +1.1% |
| Finance costs | 3.95 | 3.08 | +28.2% | 2.68 | +47.4% |
| Depreciation | 5.50 | 4.12 | +33.5% | 5.21 | +5.6% |
| Tax expense | 8.89 | 4.84 | +83.7% | 8.71 | +2.1% |
| Net profit margin | 11.61% | 13.20% | -1.59 pp | 11.73% | -0.12 pp |
| EPS, basic (₹) | 0.29 | 0.25 | +16.0% | 0.30 | -3.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 32.0% to ₹43.81 crore, slower than revenue from operations growth of 48.2%, which was itself slower than other income growth of 114.3%. Other income of ₹15.02 crore is 4.0% of total income this quarter.
Standalone profit before tax of ₹52.70 crore is 38.6% above the year-earlier figure, and tax expense of ₹8.89 crore is 16.9% of that profit before tax. Finance costs of ₹3.95 crore are 1.0% of total income.
Lloyds Engineering Works had a consolidated order book of ₹4,591.67 crore as on 1 Oct 2026, against ₹1,580.99 crore a year earlier, a rise of about 190.43% in its order position. The standalone order book was ₹2,898.49 crore, against ₹1,303.81 crore. The company says its associate Lloyds Infrastructure and Construction Limited had an order book of ₹5,763.72 crore.
Market value is ₹12,476 crore at the 02 Nov 2026 close of ₹84.79 a share. In the latest quarter before this one, Q1 FY27, consolidated net profit was ₹68.23 crore.
Inference
On 17 Aug 2026 the company allotted 7,00,42,458 equity shares at ₹71.25 a share, on a preferential basis for consideration other than cash, against the acquisition of 1,66,35,087 shares of Steel Infra Solutions Company Limited. SISCOL became a subsidiary, with the company holding 51.70% on 30 Sep 2026.
Lloyds Advance Defence Systems Limited was diluted from 100% to 85% after a private placement on 29 Jun 2026 and remains a subsidiary. Court-convened meetings of shareholders and unsecured creditors on the proposed Scheme of Merger by Absorption were held on 16 Oct 2026. The filing does not say what the scheme's outcome or timeline will be, nor how the SISCOL acquisition affected the quarter's results.
Filed with BSE on . Reference: Original filing (PDF)
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
