Lloyds Engineering Works Ltd has approved a draft joint venture agreement with Techno Industries, marking a strategic partnership. The company reported consolidated operational revenue of Rs 3.17 billion and a net profit of Rs 518.4 million for the September quarter, reflecting steady growth driven by robust order execution and business expansion.
Key Highlights
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Board approved draft joint venture agreement with Techno Industries Pvt. Ltd.
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Consolidated operational revenue for Q2 stood at Rs 3.17 billion
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Net profit reached Rs 518.4 million, indicating solid profitability
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JV expected to enhance product portfolio and expand market reach
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Strong order book supports sustained growth trajectory for the company
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Focus on infrastructure, process plant equipment, and turnkey solutions markets
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Positive outlook supported by efficient project execution and expanding client base
Detailed Report
Lloyds Engineering Works Ltd, a well-established engineering and infrastructure solutions provider, has taken a significant step by approving a draft joint venture agreement with Techno Industries Pvt. Ltd. This move is anticipated to enhance the company’s strategic capabilities and broaden its product and service offerings.
The September quarter financials reflect steady performance, with consolidated revenue from operations at Rs 3.17 billion and net profit of Rs 518.4 million. This robust growth is attributed to strong execution across key sectors including heavy machinery and turnkey projects within the oil, gas, steel, and power segments.
The joint venture with Techno Industries is expected to create synergistic value, leveraging the technical expertise and market presence of both entities. Lloyds remains focused on capitalizing on infrastructure growth opportunities supported by favorable market dynamics.
The company’s strong order book and successful project implementation underpin its confident outlook as it navigates expansion while maintaining operational efficiencies.
Sources: Moneycontrol, Company Filings, Screener.in