Lloyds Enterprises will hold a meeting of the Board of Directors of the Company on 3 May 2024.Powered by Capital Market - Live News

Net profit of Lloyds Enterprises rose 721.43% to Rs 59.80 crore in the quarter ended December 2023 as against Rs 7.28 crore during the previous quarter ended December 2022. Sales rose 454.97% to Rs 324.16 crore in the quarter ended December 2023 as against Rs 58.41 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales324.1658.41 455 OPM %11.6033.30 - PBDT100.0621.37 368 PBT98.9720.74 377 NP59.807.28 721 Powered by Capital Market - Live News

Lloyds Enterprises will hold a meeting of the Board of Directors of the Company on 23 January 2024.Powered by Capital Market - Live News

Lloyds Enterprises is acquiring 60.38% stake in Lloyds Realty Developers (a promoter group company) at a cost of Rs 110 crore. The acquisition is expected to complete by March 2024. Powered by Capital Market - Live News

Lloyds Enterprise announced its foray into the real estate sector through the planned acquisition of a 60% stake in Lloyds Realty Developers (LRDL). Valued at Rs 110 crore, this all cash investment (into equity of Lloyds Realty Developers) marks a pivotal moment for LEL as it endeavours to strengthen its presence in the realty business. The investment is made at near the book value of Lloyds Realty via a fresh infusion, without any payment to existing shareholders, which will be diluted due to new addition of funds by LEL. This transaction brings LEL one more step further in the consolidation process, which the company has been following for a while. LEL now holds significant interests in various industries like Metals, Engineering, Trading and now Real Estate via its investments.Powered by Capital Market - Live News