MOIL Limited announced its financial and operational results for the first quarter of FY 2026-27 (Q1 FY27). The company reported a significant 70% increase in Profit After Tax (PAT), reaching ₹87.62 crore, up from ₹51.51 crore in the same period last year. Revenue from operations grew by 7% to ₹370.88 crore, with manganese ore production and sales also showing positive trends.
MOIL Reports Robust Q1 FY27 Performance
MOIL Limited has declared its financial and operational outcomes for the first quarter of the Financial Year 2026-27 (Q1 FY27), revealing a period of strong growth and improved profitability. The company’s Board of Directors approved these results, highlighting a positive trajectory across production, sales, and earnings.
Key Financial Highlights (Q1 FY27 vs Q1 FY26)
- Revenue from Operations saw a 7% increase, reaching ₹370.88 crore compared to ₹348.06 crore in the previous year.
- Total Revenue rose by 6% to ₹391.13 crore from ₹370.52 crore.
- Profit Before Tax (PBT) registered a substantial 75% jump to ₹111.62 crore, up from ₹63.82 crore.
- Profit After Tax (PAT) demonstrated remarkable growth, increasing by 70% to ₹87.62 crore from ₹51.51 crore in Q1 FY26.
Operational Performance in Q1 FY27
- Manganese Ore Production stood at 507,605 MT, marking a slight 1% increase over the 502,260 MT produced in the corresponding quarter of FY26.
- Manganese Ore Sales reached 369,049 MT, an improvement of 4% from 356,196 MT in the same period last year.
Management Commentary
The management of MOIL Limited attributed the strong performance to the dedication and hard work of its workforce. They emphasized that operational discipline and team commitment have enabled the company to achieve consistent growth. Looking ahead, MOIL remains focused on enhancing operational efficiency and meeting the increasing demands of the domestic steel industry.
About MOIL Limited
MOIL Limited is a Schedule ‘A’ Miniratna Category-I Central Public Sector Enterprise under the Ministry of Steel, Government of India. It holds the distinction of being the largest producer of manganese ore in India, operating both underground and open-cast mines across Maharashtra and Madhya Pradesh.
Source: BSE
