MOIL Ltd Releases Unaudited Financial Results for Quarter Ended June 30, 2026
MOIL Limited has released its unaudited financial results for the quarter ending June 30, 2026. The company's Board of Directors approved these results, along with the Limited Review Report of the Auditors.The results reflect various operational metrics across the company's segments and provide a snapshot of profitability for the specified period compared to previous quarters.
Financial Performance Highlights (Quarter Ended June 30, 2026)
Key financial indicators from the statement of unaudited financial results for the quarter are as follows:| Particular | Q ended June 30, 2026 (in lakhs) | FY ended March 31, 2026 (in lakhs) |
|---|---|---|
| Revenue from operations | 37088.33 | 147283.82 |
| Other income | 2025.03 | 9304.44 |
| Total income | 46788.25 | 156588.26 |
| Profit from ordinary activities before exceptional items and tax | 11162.36 | 33784.01 |
| Net profit for the period | 4374.83 | 26747.97 |
Segment-wise Revenue and Financial Status
The company's performance across its segments—Mining products, Manufactured products, and Power—has been detailed in the results. The table below presents segment revenue and key results before exceptional items for three recent quarters and the full financial year ended March 31, 2026 (all figures in lakhs).| Segment | Q ended June 30, 2026 (Revenue) | Q ended March 31, 2026 (Revenue) | Q ended June 30, 2025 (Revenue) | FY ended March 31, 2026 (Revenue) |
|---|---|---|---|---|
| Mining products Revenue | 36007.96 | 43117.38 | 32153.41 | 139629.15 |
| Manufactured products Revenue | 846.01 | 1741.17 | 2927.12 | 9131.87 |
| Power Revenue | 663.20 | 416.95 | 616.52 | 2051.44 |
| Total Sales/income from operations | 37088.33 | 44449.08 | 34805.98 | 147283.82 |
| Mining products Profit before exceptional items and tax | 8718.37 | 8678.04 | 3201.68 | 21757.50 |
| Manufactured products Profit before exceptional items and tax | 12.25 | 259.08 | 567.04 | 1694.80 |
| Power Profit before exceptional items and tax | 406.71 | 158.95 | 367.23 | 1027.27 |
Operational Insights and Contingent Liabilities
The Independent Auditor's Review Report highlighted several operational and financial matters:- Plant Status: The Electrolytic Manganese Dioxide (EMD) Plant and Ferro Manganese (FMP) Plant remained under major repairs during the quarter. Management stated that the shutdown is temporary, undertaken for technology enhancement, process improvement, and inventory optimization, with production expected to resume upon completion of the proposed activities.
- Project Ventures: A Joint Venture Company (JVC) was incorporated with Madhya Pradesh State Mining Corporation Limited (MPSMCL) on June 4, 2026. Since the initial share subscription occurred after the quarter end date, this JV has not been consolidated in these unaudited results.
- Expenditure Classification: Capital expenditure amounting to 115.76 lakh incurred for exploration activities related to a proposed Joint Venture with Chhattisgarh Mineral Development Corporation (CMDC) was recognized as Work-in-Progress -Exploration (CG), though it should have been classified under Other NonCurrent Assets. Similarly, capital expenditure of 65.28 lakh for a potential JV with Gujarat Mineral Development Corporation (GMDC) was recognized as Investment but ought to be classified under Other Non-Current Assets.
- Environmental Penalty: A penalty amounting to Rs 1,677.09 lakhs, along with an additional demand of Rs 54.54 lakhs for economic benefits, was imposed by the Collector, Balaghat regarding environmental clearance (EC) capacity expansion violations at Tirodi Mine. The Company disclosed the entire demand of Rs 1,731.63 lakhs as a contingent liability. After the Supreme Court's stay on the matter was recalled, management assessed a minimum payable amount of Rs 465.06 lakhs, requiring a provision of Rs 519.60 lakhs (including the economic benefit demand), with the balance disclosed as a contingent liability.
MOIL Stock Price Movement
Today, MOIL Limited shares edged higher to close at ₹274.15 after a solid performance, marking a 2.71% gain for the stock. The equity traded within an intraday range of ₹267.35 to ₹275.45, with high volume reaching 439,209 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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