MOIL Reports Strong Q1 FY27 Results; Profit After Tax Increases by 70%
MOIL Limited, a Government of India Enterprise and the largest manganese ore producer in the country, announced strong financial and operational results for the first quarter of Fiscal Year (FY) 2026-27. The company reported significant growth across production, sales, and profitability during the period.The Board of Directors approved these results, reflecting steady performance compared to the corresponding period in FY 2025-26.
Q1 Financial Performance Highlights
MOIL recorded substantial increases in both operational and profit metrics for the quarter. The company's revenue growth contributed to a significant rise in its Profit After Tax (PAT).The key financial figures are summarized below:
| Metric | Q1 FY 2026-27 | Q1 FY 2025-26 | Change |
|---|---|---|---|
| Revenue from Operations | ₹ 370.88 crore | ₹ 348.06 crore | Up by 7% |
| Total Revenue | ₹ 391.13 crore | ₹ 370.52 crore | Up by 6% |
| Profit Before Tax (PBT) | ₹ 111.62 crore | ₹ 63.82 crore | Increased by 75% |
| Profit After Tax (PAT) | ₹ 87.62 crore | ₹ 51.51 crore | Increased by 70% |
Operational Metrics
Operations remained robust, with MOIL demonstrating growth in both production and sales of manganese ore.Key operational statistics for Q1 FY 2026-27 include:
| Metric | Figure | Comparison (Q1 FY26) |
|---|---|---|
| Manganese Ore Production | 507,605 MT | 1% increase over 502,260 MT |
| Manganese Ore Sales | 369,049 MT | Up by 4% from 356,196 MT |
Company Overview and Management View
MOIL Limited is a Schedule 'A' Miniratna Category-I Central Public Sector Enterprise operating under the Ministry of Steel. It holds the position as the largest producer of manganese ore in India, managing both underground and open-cast mines across Maharashtra and Madhya Pradesh.Commenting on the results, MOIL management stated that these achievements are a reflection of the hard work and dedication of its workforce. The company noted that operational discipline has enabled sustained growth across key performance indicators. Looking ahead, MOIL remains focused on enhancing operational efficiency and meeting the increasing demands of the domestic steel industry.
MOIL Stock Price Movement
On Wednesday, shares of MOIL Limited edged higher, gaining 2.71% to settle at ₹274.15 after the market close. The equity saw considerable activity during the session, with 439,209 shares transacting.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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