Here's a concise, retail-friendly summary: **1. Business Performance:** LMEL reported record Q4 & FY26 standalone results.

FY26 revenue grew 104% YoY to ₹13,837.8 Cr, with EBITDA up 133% YoY to ₹4,673.1 Cr, driven by higher iron ore and pellet volumes.

Consolidated revenue reached ₹17,306.4 Cr (+155% YoY). **2. Growth Drivers or Strategy:** Expansion targets for FY27 include significant increases in iron ore and pellet production, plus new steel capacity.

Cost optimization via slurry pipelines and captive logistics aims for over ₹2,000 Cr in annual savings. **3. Recent Developments:** LMEL entered global copper, starting production at DRC Surya Mines in March 2026 and acquiring 49% of Chemaf Group for copper-cobalt.

A strategic MoU with Tata Steel covers mining, pelletization, and steel.

Second pellet plant commissioned. **4. Key Financial Metrics:** FY26 standalone PAT grew 120% YoY to ₹3,194.3 Cr (EPS ₹66.87). Consolidated EBITDA margin was 36.60%. FY26 ROCE (ex-CWIP) was 56%, and ROE 37%. **5. Management Commentary / Outlook:** Management focuses on integrated operations, strategic asset locations, and sustainability to drive long-term growth and benefit local communities.