The company’s net profit rose to ₹1,726 crore in the quarter from ₹651 crore in the year-ago period. Revenue rose to ₹7,354.3 crore from ₹2,383.5 crore a year earlier. EBITDA increased to ₹2,781.4 crore from ₹805.7 crore, while the EBITDA margin expanded to 37.82% from 33.80%.
The company said its board approved an investment of up to ₹625 crore in Thriveni Earthmovers and Infra Private Ltd., a subsidiary of the company, through subscription to a rights issue or further issue of capital.
The investment can be made in one or more tranches.
Renewable energy projects
The board has also approved a proposal to undertake investments in renewable energy projects for captive consumption under the Group Captive Scheme, including the acquisition of a minimum 26% stake.
The arrangements cover both wind and solar power and are aimed at facilitating the company’s captive consumption of renewable energy, subject to compliance with applicable regulatory requirements governing captive power consumption.
For wind power, Lloyds Metals will enter into Share Subscription and Shareholders Agreement(s) with Amplus Energy Solutions Pte. Ltd. and Amplus Green One Power Private Ltd., as well as with Amplus Energy and Amplus Energy One Private Ltd.
The company will also enter into Wind Power Purchase Agreement(s) with Amplus Green One and Amplus Energy One.
For solar power, Lloyds Metals will enter into a Share Subscription and Shareholders Agreement with Amplus Energy and Amplus Ceres Solar Private Ltd.
The company will also execute a Solar Power Purchase Agreement with Amplus Ceres.
Loan conversion, further investment in subsidiary
The board approved the conversion of existing loans extended by the company to its wholly owned subsidiary, Lloyds Global Resources FZCO, into equity shares of the subsidiary.
It also approved an enabling investment in Lloyds Global Resources FZCO through subscription to compulsorily convertible preference shares, optionally convertible preference shares, redeemable preference shares and/or other permissible preference shares, hybrid securities or other securities.
The proposed investment may be made in one or more tranches, subject to applicable laws, regulations, approvals and compliances.
The company added that the board also approved the appointment of Avijit Ghosh as an additional director designated as a non-executive independent director for a five-year term commencing August 10, 2026, and ending August 9, 2031.
The appointment is subject to approval of the company’s members.
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