MOIL Limited
MOIL Ltd is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country.It is a miniratna state-owned company owned by Govt. of India.
What MOIL files
- Others57
- Updates36
- Important25
- Investor Meet19
- Dividend/Bonus9
- Board Meeting7
MOIL maintains manganese ore prices for all grades, including Ferro, Chemical, SMGR, and Fines, at prior month levels. EMD and EMD flakes prices also unchanged at Rs. 1.80 lakh/PMT and Rs. 1.71 lakh/PMT, signalling pricing stability for its key products.
MOIL cut prices: Ferro manganese ore (Mn-44%+) by 4%, other grades by 5%. EMD at ₹1,80,000/PMT, EMD flakes at ₹1,71,000/PMT remain unchanged. This pricing adjustment will impact revenue.
MOIL reported robust Q1 FY27 results. PAT jumped 70% to ₹87.62 Cr, while Revenue from Operations grew 7% to ₹370.88 Cr. Manganese ore production increased 1%, and sales rose 4%. Company focuses on efficiency and meeting domestic steel demand.
MOIL's Q1 FY27 manganese ore production rose to 5.08 lakh tonnes, up 1.19% YoY. Sales volume also saw a 3.37% YoY increase, reaching 3.68 lakh tonnes, signaling consistent operational growth.
MOIL has adjusted manganese ore prices. Most Ferro grades and other ore varieties see a 5% price reduction. One specific Ferro grade faces a 10% cut. Some fines and EMD product prices remain unchanged, potentially impacting Q1 earnings.