Lloyds Engineering Works Ltd · NSE:LLOYDSENGG
Lloyds Engineering Works — Q3 FY26 Earnings Presentation
39 slides from Lloyds Engineering Works's earnings presentation, Feb 4, 2026
Slide 1: Submission letter to stock exchanges
RS/LLOYDSENGG/BSEL-NSEL/2026/10 February 4, 2026 The Department of Corporate Services, The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, 27th Floor, P.J. Towers, Bandra (East), Mumbai - 400 051 Dalal Street, Mumbai - 400 001 Scrip Code: 539992 Symbol: LLO
Slide 2: Lloyds Engineering Works Ltd Investor Presentation February 2026
LLOYDS ENGINEERING WORKS LTD (LEWL) February 2026 Investor Presentation
Slide 3: Disclaimer
Disclaimer The information contained herein has been prepared by Lloyds Engineering Works Ltd.(LEWL”) relying on information obtained from sources believed to be reliable but LEWL does not guarantee the accuracy or completeness of such information. Except for statements of historical facts, the info
Slide 4: Contents
Contents . Quarterly Results Investment Thesis Business Overview About Us Financials & Shareholding
Slide 5: Result Highlights – 9MFY26
> (aw it . Result Highlights -9MFY26
Slide 6: Q3 & 9M FY26 – Standalone
Q3 & 9M FY26– Standalone ₹ Crore Revenue EBITDA PBT 229.72 221.96 46.13 48.86 44.66 20.42% 38.09 19.91% Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 640.36 124.33 82.85 577.28 113.44 79.33 19.08% 18.66% 9MFY25 9MFY26 9MFY25 9MFY26 9MFY25 9MFY26 5
Slide 7: Q3 & 9M FY26 – Result Highlights
•. Q3 & 9M FY26– Result Highlights 1. Strong Standalone Performance • Revenue growth remained healthy, rising 10.93% YoY in 9MFY26, driven by strong execution across business lines. • EBITDA delivered good YoY growth, with margins stable at ~19%, reflecting disciplined cost management and operationa
Slide 8: Order book position
Order book position LEWL Standalone 31st March 2023 ₹ 682.94 cr New Orders in 9MFY26 ₹999.60 cr 31st March 2025 ₹ 1315.38 cr Order book as 31st Dec 2025 ₹1665.78 cr Subsidiaries and associates Strategic Project wins order book as on 31st Dec 2025 Lloyds Engineering Works along with Primetals part of
Slide 9: Q3 & 9M FY26 – Standalone Profit & Loss
Q3 & 9M FY26– Standalone Profit & Loss Particulars (₹ crores) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY Revenue 221.96 229.72 (3.38%) 243.95 (9.01%) 640.36 577.28 10.93% Other Income 9.79 9.58 (2.19%) 7.52 30.19% 25.93 17.18 50.93% RM consumed 130.34 153.21 (14.93%) 132.70 (1.78%) 376.34 379.58
Slide 10: Techno Industries performance
Techno Industries (wholly owned subsidiary) Particulars (₹ cr) 9MFY26 9MFY25 Mar-25 Total Income 117.41 100.96 157.36 EBITDA 5.08 0.07 9.73 EBITDA Margin (%) 4.33% 0.07% 6.18% PBT 0.26 -3.01 4.53 PAT 0.26 -2.36 3.27 • Healthy Orderbook of ₹170.88 cr • Prestigious order being received from Railways a
Slide 11: Metalfab performance
Metalfab (76% Subsidiary) Particulars (₹ cr) 9MFY26 Mar-25 Total Income 139.43 159.79 EBITDA* 41.73 23.98 EBITDA Margin (%) 29.93% 15.01% PBT 39.16 19.93 PAT 38.37 -2.45 *EBITDA includes one-time income of ₹13.36 Cr due to profit on sale of land • Consistent Margins delivery • Stable growth performa
Slide 12: LICL performance
LICL (24.2% Stake-Associate) Particulars (₹ cr) 9MFY26 Mar-25 Total Income 1389.74 1073.24 EBITDA 220.6 113.17 EBITDA Margin (%) 15.87% 10.54% PBT 189.52 90.74 PAT 142.68 66.66 • 9MFY26 EBITDA already surpassed FY25 numbers • Order book of ~₹4,619 cr, mix of orders from group companies & third-party
Slide 13: Q3 & 9M FY26 – Consolidated Profit & Loss
Q3 & 9M FY26– Consolidated Profit & Loss Particulars (₹ crore) Q3FY26 Q3FY25 YoY Q2FY26 QoQ 9MFY26 9MFY25 YoY Revenue 272.45 266.21 2.34% 316.66 (13.96%) 806.12 613.78 31.34% Other Income 24.07 9.79 145.86% 8.19 193.89% 41.06 17.39 136.11% RM consumed 142.50 176.99 (19.49%) 172.16 (17.23%) 451.91 40
Slide 14: LEWL–LICL Merger: Creating a Fully Integrated Engineering Champion
LEWL–LICL Merger: Creating a Fully Integrated Engineering Champion Strategic Unification LEWL and LICL merge to form a single vertically integrated platform spanning design manufacturing and execution. The combined entity transitions from a pure equipment maker into a full-cycle engineering and infr
Slide 15: Post merger Pro-forma Income Statement for 9MFY26
Post merger Pro-forma Income Statement for 9MFY26 Particulars Amount (₹ crore) Revenue from Operations 2,189.10 EBIDTA 389.72 PBT 333.02 PAT 259.23 EPS in Rs. 1.40 Post merger Pro Forma Order book as on 31st December 2025 is ₹6,630.23 Crores 14
Slide 16: Growth Trajectory – A Way Ahead
Growth Trajectory – A Way Ahead Strategic Outlook FY26 Revenue FY26 EBITDA Next phase of Growth to be driven: 1. Organic growth 2. Growth led by Acquisitions done Targeting 4x Margins of over FY23-25. growth of FY25 15-18% 3. Consolidation of Group Companies 4 x of FY25 having presence in EPC and ot
Slide 17: Balance Sheet - Consolidated
Balance Sheet- Consolidated Particulars (₹ Crores) FY25 H1FY26 Fixed Assets 78.91 147.51 Capital Work In Progress 63.09 92.55 Goodwill 122.78 153.08 Right To Use 24.97 70.82 Investments 15.87 39.92 Other Assets 33.15 31.96 Sub-Total Non Current Assets 338.77 535.84 Inventories 86.2 240.38 Trade Rece
Slide 18: Investing in Lloyds Engineering Works
Investing in Lloyds Engineering Works
Slide 19: Creating a niche through Defence Tie-ups
Creating a niche in underpenetrated Sector through “Defence Tie-ups” FlyFocus (Poland) Fincantieri (Italy) Domain: Drones Domain: Naval Systems Platform: FPV and SIGINT UAVs Platform: CPP and shafting systems • Exclusive Indian deployment rights • Joint manufacturing for Navy and Coast Guard • Path
Slide 20: Technological Tie-ups: Partnership with CEMI
Creating a niche in underpenetrated Sector through “Technological Tie-ups” 1. Strategic Partnership with CEMI to Drive Industrial Process Optimisation in India Tie-up with CEMI Process Optimisation, for Position Lloyds Engineering at the advanced process control, dynamic intersection of industrial g
Slide 21: Strategic Project wins: SAIL – IISCO Pellet Plant
Creating a niche in underpenetrated Sector through “Strategic Project wins” 2. Major Order win in Consortium with Primetals for SAIL – IISCO Pellet Plant Consortium with Primetals technologies Order for design & execution of 4.2 MTPA India Pvt. Ltd. & Primetals technologies pellet plant at SAIL – II
Slide 22: Technological Tie-ups: TBG and TMW
Creating a niche in underpenetrated Sector through “Technological Tie-ups” TB Global Technologies (TBG) The Material Works (TMW) Product: Marine Loading Arms and Swivel Joints Technology: Eco Pickled Surface (EPS Gen 4) Commercial Traction Commercial Traction • Secured orders exceeding ₹7.9 crore •
Slide 23: LEWL's Entry into Electrical Engineering
LEWL’s Entry into “Electrical Engineering” Long-term benefits of this acquisition Building and Compounding on Existing Strong Base and grow Multifold in the next 5 years Expand capacities in Motors and Pumps and built on pre-qualification with entities like NTPC, BHEL etc to build a more robust
Slide 24: Acquisition of engineering assets of Bhilai Engineering Corporation
LEWL’s further solidifies its Engineering Capabilities & Capacities” (LEWL) to acquire the engineering Assets of Bhilai Engineering Corporation Limited (BECL) Long-term benefits of this acquisition Complementary to LEWL's existing product lines, enhancing production capabilities. FABRICATION Inc
Slide 25: Our Forces – Unified and Client-Centric approach
Our Forces – Unified and Client-Centric approach Playing on Strengths to deliver robust output in the most efficient manner Technological Bandwidth- Tie- Five Decades of Experience ups Enriched experienced has Technological Tie-ups ensure the most established Brand Equity in qualitative and best-in-
Slide 26: Strategic Plant Location
Strategic Plant Location All workshops being adjacent to each other brings in the logistic advantage. Strategic location of the plant with all workshops adjacent to each other helps in better absorption Shop A of Overhead costs Shop B & C A centralised Raw Murbad, Thane Material procurement system h
Slide 27: Our Offerings and Solutions
Our Offerings and Solutions Boilers Steel Plants Equipment 26
Slide 28: Our Offerings and Solutions
Our Offerings and Solutions DRI & Power plants erection work in progress on turnkey basis 27
Slide 29: Our Offerings and Solutions
Our Offerings and Solutions Heat Exchangers Air/Gas Drying Systems 28
Slide 30: Our Offerings and Solutions
Our Offerings and Solutions Pressure Vessels Column 29
Slide 31: Broad-Based Clientele
Broad-Based Clientele ; ] TOTAL SS Q Reliance Re [ec “BNC Industries Limited th &® on Z fe ADITYA BIRLA GROUP PDIL nd [iFrco) afatol JINDAL TATA PROJECTS LIMITED os STEEL & POWER NRL A ao blind d WELSPUN raza SMS ® group . AM/NS _ IndianOil Se on aS “a YW
Slide 32: More than Four Decades of Experience
More than Four Decades of Experience Mr Shreekrishna Gupta Shri. Mukesh R. Gupta Whole Time Director Chairman & Whole Time Director Krishna has great experience as an entrepreneur and A Commerce Graduate and successful Industrialist has successfully started and created two brands in very having a va
Slide 33: Corporate Social Responsibility
Corporate Social Responsibilty
Slide 34: Fighting Classroom Hunger with Measurable Outcomes
Fighting Classroom Hunger with Measurable Outcomes In low-income families, school mornings often start without food. Hunger shows up as fatigue, low attention, and drop-outs long before it shows up in report cards. LEWL’s CSR focuses on nutrition-linked learning gaps. Our Intervention Partnership wi
Slide 35: Financials
Financials
Slide 36: New Manufacturing Capacities
New Manufacturing Capacities – To support increasing order book & Future growth LEWL has already begun enhancing its capacities. Capacity expansion of ~2x underway, thus providing solid headroom to grow. Modernising & overhauling the asset base to deliver superior growth. Enhancing & Enabling
Slide 37: Financials At a Glance
Financials At a Glance ₹ Crore Revenue EBITDA & PAT Return Ratios (%) 755.78 145.23 26.32 624.24 21.99 20.17 108.43 99.72 22.27 22.12 18.88 79.83 312.61 58.04 8.37 36.82 14.46 4.39 5.95 50.10 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 FY22 FY23 FY24 FY25 EBITDA PAT RoCE RoE *EBITDA includes Other Incom
Slide 38: Shareholding Structure
Shareholding Structure Price Movement (₹) Shareholding as of 31st December 2025(%) 100 90 80 70 60 50 Public, Promoters, 40 48.64% 49.26% 30 20 10 0 FII's & DII's, Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 2.10% Particulars Number of shares – Fully Paid up 1
Slide 39: Thank You
Thank You lloyds_ir@lloyds.in www.lloydsengg.in +91 9892183389 +91 7041104881
Lloyds Engineering Works — Q3 FY26 Earnings Presentation on 6ix