Lloyds Engineering has received an order worth Rs 20.67 crore from Cochin Shipyard for naval equipment. The company would provide the Fin Stabilizer for the Next Generation Missile Vessels of the largest shipbuilding company of India.
Cochin Shipyard had earlier in 2023 signed a deal with the Indian Navy to manufacture six Next Generation Missile Vehicles. The estimated cost of the deal is about Rs 9804 crore.
In the last 14 months, Lloyds Engineering has received orders worth over Rs 130 crore for defence products. Amid India’s heightened defense spending, Lloyds Engineering aims to leverage its existing defence businesses with a shift towards emerging sectors.
Shreekrishna Gupta, Whole-time Director at Lloyds Engineering, says, “In addition to providing strong financial value, these contracts introduce new clients to our portfolio, opening pathways for future collaborations and sustained revenue streams.”
What are Fin Stabizers
Fin Stabilizers are the machines used in ships to reduce the rolling of the ships and maintain the stability of the vessel and the platforms. These are used for stabilizing the ship and the landing platforms of helicopters in the rough sea. These are used in defence, cargo, and civilian ships.
Lloyds Engineering has been involved in Fin Stabilizer production for a long time. It has provided Fin Stabilizers to the Indian naval warship INS Brahamputra and Indian Coast Guard’s petrol vessels like ICGS Varad and ICGS Vigraha.
Lloyds Engineering Q4 income and profit
In the fourth quarter of the financial year 2024-25, Lloyds Engineering posted a total income of Rs 231.96 crore. The company registered about 23 percent YoY growth in its revenue in the quarter ended in March 2025.
Furthermore, the company posted a net profit of 18.26 crore in the Q4. It registered a close to 13 percent YoY decrease in its net profit, while the operating margins grew by 0.5 percent to 13.65 percent in the quarter.