{
  "id": 17791468,
  "title": "State-Run Mining Company Moil Posts Consolidated Net Profit Of Rs 62 Crore For September Quarter, Announces Interim Dividend",
  "url": "https://urgent.news/2026/11/02/state-run-mining-company-moil-posts-consolidated-net-profit-of-rs-62",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T11:19:59.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/state-run-mining-company-moil-posts-consolidated-net-profit-of-rs-62-crore-for-september-quarter-announces-interim-dividend"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}