2 months ago
MOIL reports 70% profit jump in Q1 FY 2026-27
MOIL, a big company that mines manganese ore, just announced that it made a lot more money in the first three months of this year compared to last year.
It made 70% more profit, which is a huge increase!
The company also sold more ore and made more money from its sales.
This is great news for MOIL, and they say it's because their workers are doing a fantastic job.
They plan to keep growing and making even more ore to meet the needs of the steel industry in India.
MOIL reported a 70% increase in net profit to Rs 87.62 crore for Q1 FY 2026-27.
Revenue from operations increased by 7% to Rs 370.88 crore.
Total revenue rose by 6% to Rs 391.13 crore.
Net sales realisation increased by 10% to Rs 9,749 per MT.
Manganese ore production and sales increased by 1% and 4% respectively.
- Who
- MOIL Limited
- What
- Reported a 70% increase in net profit for Q1 FY 2026-27
- Where
- India
- When
- April to June 2026
- Why
- Due to increased production, sales, and operational efficiency
Positive Growth
Challenges Ahead
Financial Performance
Positive Growth
MOIL reported a 70% increase in net profit and significant growth in revenue and sales.
Challenges Ahead
The company faces challenges in maintaining this growth rate and improving operational efficiency.
Key facts
- Net Profit
- Rs 87.62 crore (Q1 FY 2026-27)
- Revenue from Operations
- Rs 370.88 crore (Q1 FY 2026-27)
- Total Revenue
- Rs 391.13 crore (Q1 FY 2026-27)
- Net Sales Realisation
- Rs 9,749 per MT (Q1 FY 2026-27)
- Manganese Ore Production
- 507,605 MT (Q1 FY 2026-27)
- Manganese Ore Sales
- 369,049 MT (Q1 FY 2026-27)
Quotes
MOIL Board of Directors
Corporate board of the public sector manganese ore company
“These results reflect the dedication and hard work of our entire workforce. The operational discipline and commitment shown by our team have enabled the company to maintain growth across key metrics. As we move forward, MOIL remains focused on achieving higher production targets, improving operational efficiency, and meeting the growing requirements of the domestic steel industry.”
thehansindia.com
“The Board of Directors of MOIL Limited on Wednesday approved the financial and operational results for the first quarter of FY 2026-27. The company recorded steady growth across production, sales volume, and overall profitability.”
thehansindia.com
Sources
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