MOIL Limited — Updates, 12-02-2025: Press Release

MOIL reported a robust 32% increase in profit after tax (PAT), reaching ₹361.55 crore for the first nine months of FY’25, outpacing the previous year's performance. Revenue from operations stood at ₹1,151.55 crore, reflecting an 11% year-over-year growth. The company produced 13.30 lakh MT of manganese ore, up 5% from last year, while sales rose 4% to 11.39 lakh MT.

In terms of exploration, MOIL is making strides, having completed 72,350 meters of exploratory core drilling, marking a 19% increase compared to the prior year. The Board has approved an interim dividend of ₹4.02 per share, a 15% increase from last year's ₹3.50.

Additionally, five shaft sinking projects were greenlit, focusing on enhancing production capabilities, with a combined investment of around ₹886 crore. This strategic initiative is expected to sustain and potentially boost production levels in the future. The CMD expressed optimism about maintaining the company's upward momentum in both operational and financial performance.