Latest news with #LloydsEngineeringWorks
Business Standard
23-05-2025
- Business
- Business Standard
Lloyds Engineering surges after bagging naval equipment supply contract from Cochin Shipyard
Lloyds Engineering Works jumped 4.25% to Rs 50.30 after the company announced that it has received an order from Cochin Shipyard for the supply of 'fin stabilizer systems' for next generation missile vessel. The aforementioned order is valued at Rs 20.67 crore. "The aforesaid order in respect to Next Generation Missile Vessel, signify the company's proactive stance in capturing the increasing demand resulting from the government's heightened defence spending, Lloyds Engineering said in a statement. During the past 14 months, company has received orders for more than Rs 130 crore in defence sector, it added. Shreekrishna Gupta, whole-time director at Lloyds Engineering Works, said: "These prestigious orders are a testament to our consistent performance and engineering expertise. In addition to providing strong financial value, these contracts introduce new clients to our portfolio, opening pathways for future collaborations and sustained revenue streams." Lloyds Engineering Works (LEWL) provides a complete engineering and infrastructure solutions package by carrying out design, engineering, manufacturing, fabrication, and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil and gas, steel plant equipments, power plants, nuclear plant boilers and turnkey projects. The company had reported 20.14% drop in standalone net profit to Rs 16.88 crore on a 5.01% fall in revenue to Rs 178.49 crore in Q4 FY25 over Q4 FY24.
Business Standard
22-05-2025
- Business
- Business Standard
Lloyds Engineering receives order of Rs 20.67 cr from Cochin Shipyard
Lloyds Engineering Works announced the receipt of order for naval equipment from Cochin Shipyard. The order, valued at Rs 20.67 crore, encompass Fin stabilizer systems. The aforesaid order in respect to Next Generation Missile Vessel, signify the company's proactive stance in capturing the increasing demand resulting from the government's heightened defence spending. As new ship orders continue to rise, the order received by Lloyds Engineering serve as a promising beginning in leveraging the opportunities presented by this trend. During the past 14 months, Company has received orders for more than Rs 130 crore in defence sector. These orders underscore Lloyds Engineering's unwavering commitment to innovation and excellence in the defence sector. They not only signify a substantial revenue boost but also represent the company's strategic shift towards emerging sectors, aligning perfectly with its vision for the future.
Business Standard
20-05-2025
- Business
- Business Standard
Lloyds Engineering acquires 77% stake in heavy fabrication firm Metalfab Hightech
Lloyds Engineering Works said that it has acquired a 76% stake in Metalfab Hightech for a consideration of Rs 28.41 crore, thereby strengthening its footprint in the high-growth heavy fabrication and equipment manufacturing. The acquisition of Metalfab Hightech is a strategic fit that compliments the companys existing business, significantly enhancing its overall capacities, capabilities, and product portfolio. Metalfab Hightech is engaged in heavy fabrication of equipment of steel, power and core industry, heavy industrial structures for all the core industry, railway bridges. The companys turnover in FY 2024-25 was Rs. 159.07 crore. Metalfab Hightech boasts a 24,000 MT per annum fabrication capacity, making it a key player in Indias growing infrastructure and industrial sectors. The 16-acre facility in Hingna MIDC, Nagpur, has a covered area of 22,920 square meters, offering ample space for future expansion, paving the way for potential capacity enhancements and diversification into larger and more complex engineering projects. Shreekrishna Gupta, whole-time director of Lloyds Engineering Works, said: This acquisition marks a major leap in our journey, significantly expanding our execution capabilities in heavy engineering. With Metalfab Hightechs strong infrastructure and available land for future expansion, we are well- positioned to cater to the booming demand for high-quality fabricated structures. As industries in the region continue to grow, we see tremendous potential to scale up and deliver large-scale, complex projects across infrastructure, power, and renewable energy sectors. This acquisition, along with the acquisition of Engineering Assets of Bhilai Engineering Corporation, a 77.00% majority stake in Techno Industries, and a 24.20% significant stake in Lloyds Infrastructure and Construction, marks a significant milestone, propelling the company on a high-growth trajectory in Indias evolving heavy engineering landscape. The company is on its way to becoming a well-rounded technology- oriented engineering company. Lloyds Engineering Works (LEWL) provides a complete engineering and infrastructure solutions package by carrying out design, engineering, manufacturing, fabrication, and installation. Its products cover various categories in heavy equipment, machinery and systems for the carbon sector, oil and gas, steel plant equipments, power plants, nuclear plant boilers and turnkey projects. The company had reported 20.14% drop in standalone net profit to Rs 16.88 crore on a 5.01% fall in revenue to Rs 178.49 crore in Q4 FY25 over Q4 FY24. The scrip declined 1.62% to currently trade at Rs 50.81 on the BSE.
Business Standard
07-05-2025
- Business
- Business Standard
Lloyds Engineering Works standalone net profit declines 20.11% in the March 2025 quarter
Sales decline 5.01% to Rs 178.49 crore Net profit of Lloyds Engineering Works declined 20.11% to Rs 16.88 crore in the quarter ended March 2025 as against Rs 21.13 crore during the previous quarter ended March 2024. Sales declined 5.01% to Rs 178.49 crore in the quarter ended March 2025 as against Rs 187.90 crore during the previous quarter ended March 2024. For the full year,net profit rose 24.91% to Rs 99.73 crore in the year ended March 2025 as against Rs 79.84 crore during the previous year ended March 2024. Sales rose 21.07% to Rs 755.78 crore in the year ended March 2025 as against Rs 624.24 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 178.49187.90 -5 755.78624.24 21 OPM % 15.0014.25 - 16.2816.18 - PBDT 30.0828.45 6 138.52104.27 33 PBT 27.9026.92 4 130.03100.22 30 NP 16.8821.13 -20 99.7379.84 25
News18
26-04-2025
- Business
- News18
Dividend, Bonus & Stock Split Next Week: HCL Tech, ABB India Among 18 Shares To Trade Ex-Date
Last Updated: Several companies, including HCL Technologies, Lloyds Engineering Works, and 360 One WAM, will trade ex-date for dividends, stock splits, and rights issues next week. Upcoming Dividend, Bonus Issue & Right Issue: In the coming week, several companies' shares including HCL Technologies, Lloyds Engineering Works, 360 One WAM, Max India, Vesuvius India, KSB, Mold-Tek Packaging and many more will trade ex-date for various corporate actions including dividend (interim and final), stock split bonus issue, right issue, etc. HCL Technologies Interim Dividend Record Date Shares of IT company HCL Technologies will trade ex-date on April 28 for the interim dividend of Rs 18 per share for FY2024-25. Cum-Dividend is the last day to buy the stock to become eligible for the said dividend, which is usually one day before the ex-date. 360 One WAM, Tanla Platforms, Vesuvius India, ABB India, ACEM Solar Holdings, Gujarat Intrux, KSB, Forbes Precision Tools and Machine Parts and Mold-Tek Packaging are other companies whose shares will trade ex-date this week for the dividends. GACM Technologies will be in focus with a Rights Issue of Equity Shares, with the record date set for April 28, 2025. Lloyds Engineering Works will similarly conduct a Rights Issue on the same date. Captain Technocast has announced a bonus issue in the ratio of 1:1, scheduled for April 29, 2025. Growington Ventures India and Max India are both offering Rights Issues of Equity Shares on the same day. United Polyfab Gujarat Limited announced stock split with ex-date on May 2.
