December 24, 2014 8:13 PM ET

Electrical Equipment

Company Overview of Lloyd Electric & Engineering Limited

Company Overview

Lloyd Electric & Engineering Limited manufactures and sells heat exchangers and evaporator coils for heating, ventilation, air-conditioning (AC), and refrigeration industry primarily in India. The company offers fin and tube type heat exchangers used in various applications, such as commercial refrigeration systems, automobile-buses/car AC, railway and marine AC, telecom/mainframe AC, and special application coils, as well as window, split, and package AC systems; packaged AC units, including the AC units for passenger coaches and locomotives in the railway industry; window/split air conditioners; oil coolers for railways; and heavy automobile and tube mill for MB radiators. It is also invol...

159, Okhla Industrial Estate

Phase-III

New Delhi,  110020

India

Founded in 1987

232 Employees

Phone:

91 11 4062 7200

Fax:

91 11 4160 9909

Key Executives for Lloyd Electric & Engineering Limited

Executive Chairman
Age: 69
Total Annual Compensation: $7.4M
Chief Financial Officer and Whole Time Director
Age: 70
Total Annual Compensation: $3.3M
Whole Time Director
Age: 64
Total Annual Compensation: $7.4M
Executive Director
Age: 38
Total Annual Compensation: $4.2M
Whole Time Director
Age: 42
Total Annual Compensation: $4.2M
Compensation as of Fiscal Year 2014.

Lloyd Electric & Engineering Limited Key Developments

Lloyd Electric & Engineering Plans QIP Issue

Lloyd Electric & Engineering Limited (BSE:517518) is planning to consider raising funds through a qualified institutional placement. Board of Directors of Lloyd Electric will meet on December 22, 2014 to consider the plan. The other means of fund-raising plans include issuance of equity shares through convertible bonds, depository receipts and/or any other instrument convertible or exchangeable into equity shares.

Lloyd Electric & Engineering Limited, Board Meeting, Dec 22, 2014

Lloyd Electric & Engineering Limited, Board Meeting, Dec 22, 2014. Agenda: To consider the matter to raise funds through issuance of securities through qualified institutional placement under SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2009 and / or issuance of equity shares through convertible bonds, depository receipts and or any other instrument convertible or exchangeable into equity shares and / or other securities with or without warrants to eligible investors subject to the approval of the members of the company.

Lloyd Electric & Engineering Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014

Lloyd Electric & Engineering Limited announced unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise) of INR 3,044.1 million compared to INR 2,299.1 million for the same period a year ago. Profit from operations before other income, interest and exceptional items were INR 268.8 million compared to INR 205.5 million for the same period a year ago. Profit from ordinary activities before tax was INR 54.9 million compared to INR 49.6 million for the same period a year ago. Net profit for the period was INR 43.9 million or INR 1.24 per basic and diluted share compared to INR 39.7 million or INR 1.12 per basic and diluted share for the same period a year ago. For the six months, on standalone basis, the company reported net sales/income from operations (net of excise) was INR 8,379.8 million compared to INR 6,041.4 million for the same period a year ago. Profit from operations before other income, interest and exceptional items were INR 758.8 million compared to INR 554.2 million for the same period a year ago. Profit from ordinary activities before tax was INR 330.1 million compared to INR 248 million for the same period a year ago. Net profit for the period was INR 264.1 million or INR 7.48 per basic and diluted share compared to INR 198.4 million or INR 5.62 per basic and diluted share for the same period a year ago. For the quarter, on consolidated basis, the company reported income from operations of INR 4,113.9 million against INR 3,430.7 million a year ago. Profit after tax was INR 87.2 million against INR 137.7 million a year ago. Basic and diluted earnings share was 2.47 against INR 3.99 a year ago. For the six months, on consolidated basis, the company reported income from operations of INR 10,510.7 million against INR 7,915.2 million a year ago. Profit after tax was INR 376 million against INR 297.9 million a year ago. Basic and diluted earnings share was 10.65 against INR 8.43 a year ago.

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