After rallying over 3500 per cent in 3 years; net profit of this multibagger stock surges 970 per cent!

The shares of the company have given over 38 per cent returns in just one month and have skyrocketed over 225 per cent in just 1 year

Lloyds Metals & Energy is into the business of manufacturing of sponge iron, power generation and mining activities. The company is one of the largest merchant iron ore miners in Maharashtra and has a 270,000 tonnes per annum capacity for DRI and 30 MW waste heat recovery-based power plant.  

For the quarter that ended December 31, 2022, the company’s standalone net sales witnessed a massive rise by 494 per cent from last year’s same quarter to Rs 999.62 crore. The EBITDA level stood at Rs 256.75 crore, skyrocketing by 630 per cent on YoY basis to Rs 35.15 crore. The net profit of the company shot up by more than 978 per cent from the corresponding quarter last year to Rs 230.04 crore.

Lloyds Metals is increasing its sponge manufacturing capacity by 72,000 tonnes via the sponge plant in Konsari from 270,000 tonnes in Chandrapur. These expansion plans would play a significant and immediate role in formulating the company’s future roadmap. 

The shares of the company have given over 98 per cent returns in just 6 months and have skyrocketed over 124 per cent in just 1 year. Keep a close eye on this trending multibagger metal company.