State-owned MOIL on Wednesday reported around 27 per cent year-on-year growth in net profit at Rs 115.65 crore for March quarter FY25 driven by a rise in income. It had posted a net profit of Rs 91.14 crore in the January-March period of 2023-24 fiscal year, the company said in an exchange filing. Income increased to Rs 458.20 crore during the quarter from Rs 439.85 crore a year ago. In entire FY25, the net profit rose by 30 per cent to Rs 381.63 crore from Rs 293.34 crore in 2023-24. Speaking to PTI, company's CMD Ajit Kumar Saxena said, "We have ended the fiscal delivering positive financial numbers. We will try to maintain this momentum in the coming quarters." MOIL has also registered rise in production as well as in sales, he said. In FY25, the company's production stood at 18.02 lakh tonne, up 3 per cent year-on-year, while sales were higher by 3.3 per cent at 15.87 lakh tonne. MOIL, under Ministry of Steel, is India's largest manganese ore producer. The Nagpur-based comp
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The stock moved after the company revised prices of different grades of Manganese Ore and other products with effect from April 1, 2025, and released production numbers
Penalty relates to excess production at the company's Tirodi Mine beyond the environmental clearance and consent to operate limits during the periods FY94 to FY96 and FY07 to FY09
In its Q3 update, MOIL announced that it achieved best ever Q3 production of manganese ore of 4.6 lakh tonnes
On the sales front, MOIL has achieved November sales of 1.33 lakh tonnes, higher by 32 per cent as compared to a year ago