Lloyds Engineering Works Reports Strong December 2024 Results Amid Financial Landscape Challenges

Lloyds Engineering Works, a midcap player in the Steel/Sponge Iron/Pig Iron industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance, with net sales reaching Rs 229.72 crore, marking the highest figure in the last five quarters. This positive trend is mirrored in the operating profit, which also peaked at Rs 39.29 crore during the same period.
The profit before tax (PBT) and profit after tax (PAT) figures reflect similar upward momentum, with PBT recorded at Rs 35.07 crore and PAT at Rs 33.68 crore, both representing the highest levels seen in the last five quarters. Additionally, the PAT has shown a year-on-year growth of 24.4%, indicating a robust performance in profitability. Earnings per share (EPS) have also reached a high of Rs 0.29, suggesting enhanced earnings for shareholders.

However, it is worth noting that the company’s score has experienced an adjustment in evaluation, falling to 16 from 19 over the past three months. This change highlights the complexities in the financial landscape, particularly with the non-operating income, which, while at a high of Rs 9.58 crore, may not be sustainable in the long term.

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