Lloyds Engineering has secured a Rs 20.67 crore contract from Cochin Shipyard to supply Fin Stabilizers for India’s Next Generation Missile Vessels. Cochin Shipyard, India’s largest shipbuilding company, had signed an agreement with the Indian Navy earlier this year to build six such vessels at an estimated cost of Rs 9,804 crore.
Over the past 14 months, Lloyds Engineering has received defense orders exceeding Rs 130 crore. With India increasing its defense budget, the company plans to expand its presence in existing and emerging defense sectors.
Shreekrishna Gupta, Whole-time Director at Lloyds Engineering, said the new contracts not only add financial value but also bring new clients, paving the way for future projects and steady revenue.
What Are Fin Stabilizers?
Fin Stabilizers are devices installed on ships to reduce rolling caused by waves, enhancing the vessel’s stability. They are critical for maintaining balance on naval ships, cargo vessels, and civilian ships, especially during rough seas. They also stabilize helicopter landing platforms on ships.
Lloyds Engineering has a long history of producing Fin Stabilizers and has supplied them to Indian naval warships like INS Brahmaputra and Coast Guard vessels including ICGS Varad and ICGS Vigraha.
Lloyds Engineering Q4 Financial Performance
In Q4 of the financial year 2024-25, Lloyds Engineering reported total revenue of Rs 231.96 crore, marking a 23% year-on-year growth. The company posted a net profit of Rs 18.26 crore in the same quarter, reflecting a nearly 13% decline compared to the previous year. Despite the dip in net profit, operating margins improved slightly by 0.5 percentage points to 13.65%.
