Any current/future new fundraising through debt or equity?

The company plans to raise debt to manage capex and maintain a proper mix of financing, targeting a debt level around 1 to 1.5 times EBITDA, but not exceeding this. There is no immediate plan to raise equity in the near future for the parent company. Any equity raising might happen at the subsidiary level (Thriveni) through a potential IPO in the future, but not this year. Additional borrowing of about USD 200 million (non-recourse) is expected for completing the Chemaf copper plant expansion, which will stay at the asset level. The company aims to manage sustainable leverage and debt levels p

Any current/future capex/capital investment/strategic investment?

Total capex excluding ISP for the Konsari unit is around INR 28,000 crores; INR 13,500 crores already spent, INR 14,500 crores remaining over next 2 years. FY27 planned capex is around INR 10,000-11,000 crores (standalone basis), covering BHQ plant and ISP at Chandrapur. FY28 capex expected to increase with larger steel plant and copper project investments included. Copper project capex estimated at $200-260 million for FY27 on consolidated basis, with plant near 85-90% completion. Thriveni stand-alone capex forecasted around INR 1,000 crores next year. BHQ first phase (30 million to

Future growth expectations in sales/revenue/volumes?

FY27 iron ore volume targeted at 26 million tons with no volume increase beyond maximized levels for FY27. FY28 expected full operational steel plant, leading to production of 1 million tons of pig iron and DRI. Pellet plant capacity at 8 million tons in FY26, with expectation to reach 10 million tons post debottlenecking by FY27 year-end. Value-added products, including pellets and DRI, set to double production in FY27. Thriveni segment expects strong volume growth in iron ore (> coal), with new mining leases and environmental clearances enabling expansion. BHQ beneficiation plant phase 1 to

Future growth expectations in earnings/operating earnings/profits/EPS?

FY27 revenue growth is expected from maintaining the maximized volume of 26 million tons of iron ore and doubling pellet/DRI production, with no volume increase but better utilization and higher value-added product mix. EBITDA growth anticipated due to structural margin improvements from higher pellet share, slurry pipeline benefits, and operational leverage as volumes scale. EPS growth expected to align with revenue and EBITDA expansion, supported by increased pellet capacity (8 million tons with a second plant commissioned in May 2026). Thriveni is targeting strong volume growth, especially

IN US

Lloyds Metals & Energy LtdQ1 FY27Minerals & Mining

Lloyds Metals & Energy Ltd Q1 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹2,042P/E: 31.6Market Cap: ₹1.2L CrSector: Minerals & Mining

Management growth scorecard

Revenue

N/A

Margin

N/A

Fundraise

N/A

Order

N/A

Capex

N/A

0 of 0 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

→FY27 iron ore volume targeted at 26 million tons with no volume increase beyond maximized levels for FY27.
→FY28 expected full operational steel plant, leading to production of 1 million tons of pig iron and DRI.
→Pellet plant capacity at 8 million tons in FY26, with expectation to reach 10 million tons post debottlenecking by FY27 year-end.
→Value-added products, including pellets and DRI, set to double production in FY27.
→Thriveni segment expects strong volume growth in iron ore (> coal), with new mining leases and environmental clearances enabling expansion.
→BHQ beneficiation plant phase 1 to be commissioned by December 2027, improving blended EBITDA via higher-quality ore.
→Copper production ramp-up from 12,000 tons to 30,000 tons per annum expected starting FY27, with Chemaf's full production from July 2027.
→Steel plant commissioning planned in late FY27, boosting volumes and revenue from pig iron and steel products.

Margin guidance

→FY27 revenue growth is expected from maintaining the maximized volume of 26 million tons of iron ore and doubling pellet/DRI production, with no volume increase but better utilization and higher value-added product mix.
→EBITDA growth anticipated due to structural margin improvements from higher pellet share, slurry pipeline benefits, and operational leverage as volumes scale.
→EPS growth expected to align with revenue and EBITDA expansion, supported by increased pellet capacity (8 million tons with a second plant commissioned in May 2026).
→Thriveni is targeting strong volume growth, especially in iron ore (with environment capacity expansion unlocking significant headroom) and improved EBITDA margins (up from 16% to 25% in FY26).
→Operational efficiencies and cost savings (INR2,000 crores from logistics pipeline on full commissioning) will support profit growth.
→Steel plant full operation in FY28 will further boost earnings and product mix.
→Management refrains from giving explicit FY27 EPS guidance, leaving it for analyst estimates.

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Fundraise plans

→The company plans to raise debt to manage capex and maintain a proper mix of financing, targeting a debt level around 1 to 1.5 times EBITDA, but not exceeding this.
→There is no immediate plan to raise equity in the near future for the parent company.
→Any equity raising might happen at the subsidiary level (Thriveni) through a potential IPO in the future, but not this year.
→Additional borrowing of about USD 200 million (non-recourse) is expected for completing the Chemaf copper plant expansion, which will stay at the asset level.
→The company aims to manage sustainable leverage and debt levels prudently alongside growth and capex needs.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders for Lloyds Metals and Energy Limited. However, some relevant points indicating ongoing and upcoming projects include: - Continued scaling of Odisha operations with new mines (Dalpahar and Lasarda-Pacheri) starting in Q1 FY27. - Expansion and commissioning of BHQ beneficiation plant phase 1 by December 2027. - Pellet plants ramping up to 7.5-8 million tons capacity in FY27. - Ongoing slurry pipeline Phase 2 (16 million tons capacity) with completion expected within 2 years. - Strategic partnerships such as the take-or-pay contract with Tata Steel and future MDO projects under discussion. - Exploration and new ventures like Geomysore Gold Mining and Congo copper mine integration progressing. - No direct numeric order book or exact pending orders disclosed in the call. If you need exact order backlog figures, further company disclosures or investor releases would be required.

Capex plans

→Total capex excluding ISP for the Konsari unit is around INR 28,000 crores; INR 13,500 crores already spent, INR 14,500 crores remaining over next 2 years.
→FY27 planned capex is around INR 10,000-11,000 crores (standalone basis), covering BHQ plant and ISP at Chandrapur.
→FY28 capex expected to increase with larger steel plant and copper project investments included.
→Copper project capex estimated at $200-260 million for FY27 on consolidated basis, with plant near 85-90% completion.
→Thriveni stand-alone capex forecasted around INR 1,000 crores next year.
→BHQ first phase (30 million tons input, 12 million tons output) commissioning targeted by Dec 2027; heavy equipment mobilized and construction started.
→For Congo assets, additional $200 million likely needed to complete copper plant and mine development.
→Plans for slury pipeline Phase 2 (16 million tons capacity) completion within 2 years.
→No near-term equity raise planned; debt raising targeted with net debt / EBITDA around 1 to 1.5x.

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