MOIL Limited — Updates, 02-01-2025: Press Release

MOIL has posted its best-ever Q3 and nine-month results for FY'25. In Q3 (October-December 2024), the company reported record manganese ore production of 4.6 lakh tonnes and sales of 3.88 lakh tonnes, marking a 13% increase from the same period last year. For the April-December 2024 period, MOIL’s production reached 13.3 lakh tonnes, up by approximately 4.5%, while sales amounted to 11.39 lakh tonnes, growing by 3.5%. Additionally, the company conducted 72,340 meters of exploratory core drilling, a 19% rise year-over-year. This impressive performance positions MOIL to exceed its previous Q3 revenue figures, with a positive outlook for sustained growth, as noted by CMD Shri Ajit Kumar Saxena.