State-Run Mining Company Moil Posts Consolidated Net Profit Of Rs 62 Crore For September Quarter, Announces Interim Dividend
Mumbai: State-owned manganese ore producer MOIL Ltd reported a 12.3 per cent year-on-year decline in consolidated net profit for the second quarter of FY27, even as its revenue from operations registered double-digit growth. The company's consolidated net profit stood at ₹61.77 crore for the quarter ended September 30, 2026, compared with ₹70.44 crore in the corresponding quarter of the previous…
Mumbai's state-run manganese ore manufacturer MOIL Ltd declared a fiscal quarter that saw a 12.3 percent drop in net profit year-on-year, despite a notable increase in sales. The company's profit for the April-June period of fiscal year 2027 was ₹61.77 crore, down from ₹70.44 crore in the same quarter last year. However, MOIL's revenue from operations surged by 10.9 percent to ₹369.13 crore, up from ₹332.74 crore in the previous quarter.
Despite the revenue growth, the company's expenses surged, leading to a decline in profitability. The interim dividend announced by the board for fiscal year 2027 was ₹2.20 per equity share, equivalent to 22 percent of face value. The company has also approved the establishment of a wholly-owned subsidiary, MOIL International IFSC Limited, at GIFT City, Gujarat, signaling its expansion plans.
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