Lloyds Metals reports robust Operational performance for 9MFY24

Lloyds Metals recorded a 27% increase in Direct Reduced Iron (DRI) production, showcasing operational efficiency and market responsiveness. The Company reported an impressive 169% growth in iron ore volumes on the iron ore front, reflecting its ability to capitalise on market opportunities and enhance production capabilities.

- DRI production at 196k tonnes; up 27% YoY
- Iron ore at 8.1 mn tonnes; up 169% YoY.

The Company also started iron ore dispatches to the Mandovi River Pellets Private Limited (pellet plant) and marketed the same under the brand name "LMELPEL". Total marketing volumes for pellets for 9MFY24 is 377kt.

Shares of LLOYDS METALS AND ENERGY LTD. was last trading in BSE at Rs. 604.00 as compared to the previous close of Rs. 599.20. The total number of shares traded during the day was 37168 in over 2087 trades.

The stock hit an intraday high of Rs. 610.60 and intraday low of 598.85. The net turnover during the day was Rs. 22426212.00.

Source : Equity Bulls

Keywords

LLOYDSMETALSANDENERGY INE281B01032 OperationalPerformance 9MFY24