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United News of India
05-05-2025
- Business
- United News of India
MOIL April production touches record high
Kolkata, May 5 (UNI) MOIL produced a record 1.62 lakh tonnes of Manganese Ore in April, 2025-26, the Ministry of Steel has announced. MOIL's April production of Manganese Ore touched 1.62 lakh tonnes, registering a growth percentage of 1.5% over the corresponding year-ago period, the ministry said in a media release. A total of 11,453 metres of exploratory core drilling was completed during the month, representing a 58% increase compared to the previous year. MOIL CMD, Ajit Kumar Saxena, stated, "MOIL's April performance sets a positive tone for the year ahead. The organisation remains committed to sustained growth and value creation." UNI XC SSP ARN
Hans India
04-05-2025
- Business
- Hans India
MOIL kicks off FY 26 with highest-ever production of manganese ore in April
India's largest manganese ore producer, MOIL, in a strong start to the financial year 2025-26, has delivered its highest-ever April performance with the production of 1.62 lakh tonnes of ore, according to a statement issued by the Ministry of Steel on Sunday. The production of the ore in April represents a 1.5 per cent growth over the corresponding figure for the same month of the previous year. The government-owned company, which supplies manganese ore as an input for making steel, has also achieved its best ever exploratory core drilling of 11,453 metres, which is an impressive growth of 58 per cent over the corresponding figure for the same month last year. The miniratna PSU's Chairman and Managing Director Ajit Kumar Saxena said: "MOIL's April performance sets a positive tone for the year ahead. The organisation remains committed to sustained growth and value creation." MOIL reported a 27 per cent increase in consolidated net profit to Rs 115.7 crore for the January-March quarter of the financial year 2024-25, compared to Rs 91.1 crore in the corresponding quarter of the previous financial year. Revenue from operations during the quarter came in at Rs 433.4 crore, registering a 4.2 per cent increase from Rs 415.9 crore a year ago. Operational performance remained stable, with EBITDA rising 8.7 per cent on-year to Rs 139.4 crore. EBITDA margin expanded to 32.2 per cent from 30.9 per cent in the year-ago period, reflecting improved cost control and firm pricing. The MOIL Board has also approved the payment of an interim dividend of Rs 4.02 per share for the financial year 2024-25 during the declaration of the Q3 results. This represents a 15 per cent increase over last year's interim dividend of Rs 3.50 per share. Besides, the Board approved five shaft sinking projects, including two ventilation shafts for its Dongri Buzurg Mine, Chikla Mine, and Kandri Mine, worth Rs 886 crore (approximate). These shafts will help the company to sustain as well as increase its existing production level in the coming years.
Business Upturn
02-05-2025
- Business
- Business Upturn
Moil shares rally 6% after Q4 net profit jumps 27% YoY to Rs 116 crore
By Aditya Bhagchandani Published on May 2, 2025, 09:31 IST Shares of state-owned MOIL surged over 6% to Rs 334.85 in early trade on Thursday after the company reported a strong set of financials for the March quarter of FY25. The manganese ore miner posted a 27% year-on-year rise in net profit to Rs 115.65 crore, compared to Rs 91.14 crore in the same period last fiscal. The company's revenue also increased to Rs 458.20 crore, up from Rs 439.85 crore a year ago. For the full financial year FY25, MOIL's net profit rose 30% to Rs 381.63 crore, compared to Rs 293.34 crore in FY24. Speaking to PTI, MOIL CMD Ajit Kumar Saxena said, 'We have ended the fiscal delivering positive financial numbers. We will try to maintain this momentum in the coming quarters.' The company also reported a 3% YoY rise in production to 18.02 lakh tonnes and a 3.3% growth in sales to 15.87 lakh tonnes during FY25. MOIL, India's largest manganese ore producer under the Ministry of Steel, operates 10 mines across Maharashtra and Madhya Pradesh. The company's market capitalization now stands at approximately Rs 67,840 crore, with a P/E ratio of 19 and a dividend yield of 1.59%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
The Print
30-04-2025
- Business
- The Print
MOIL Q4 profit up 27 pc to Rs 116 cr
Income increased to Rs 458.20 crore during the quarter from Rs 439.85 crore a year ago. It had posted a net profit of Rs 91.14 crore in the January-March period of 2023-24 fiscal year, the company said in an exchange filing. New Delhi, Apr 30 (PTI) State-owned MOIL on Wednesday reported around 27 per cent year-on-year growth in net profit at Rs 115.65 crore for March quarter FY25 driven by a rise in income. In entire FY25, the net profit rose by 30 per cent to Rs 381.63 crore from Rs 293.34 crore in 2023-24. Speaking to PTI, company's CMD Ajit Kumar Saxena said, 'We have ended the fiscal delivering positive financial numbers. We will try to maintain this momentum in the coming quarters.' MOIL has also registered rise in production as well as in sales, he said. In FY25, the company's production stood at 18.02 lakh tonne, up 3 per cent year-on-year, while sales were higher by 3.3 per cent at 15.87 lakh tonne. MOIL, under Ministry of Steel, is India's largest manganese ore producer. The Nagpur-based company operates 10 underground and opencast mines in Maharashtra and Madhya Pradesh. PTI ABI ABI ANU ANU This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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Business Standard
30-04-2025
- Business
- Business Standard
MOIL Q4 results: Net profit rises 27% to Rs 116 cr on higher income
It had posted a net profit of Rs 91.14 crore in the January-March period of 2023-24 fiscal year, the company said in an exchange filing Press Trust of India New Delhi State-owned MOIL on Wednesday reported around 27 per cent year-on-year growth in net profit at Rs 115.65 crore for March quarter FY25 driven by a rise in income. It had posted a net profit of Rs 91.14 crore in the January-March period of 2023-24 fiscal year, the company said in an exchange filing. Income increased to Rs 458.20 crore during the quarter from Rs 439.85 crore a year ago. In entire FY25, the net profit rose by 30 per cent to Rs 381.63 crore from Rs 293.34 crore in 2023-24. Speaking to PTI, company's CMD Ajit Kumar Saxena said, "We have ended the fiscal delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." MOIL has also registered rise in production as well as in sales, he said. In FY25, the company's production stood at 18.02 lakh tonne, up 3 per cent year-on-year, while sales were higher by 3.3 per cent at 15.87 lakh tonne. MOIL, under Ministry of Steel, is India's largest manganese ore producer. The Nagpur-based company operates 10 underground and opencast mines in Maharashtra and Madhya Pradesh.
