MOIL Ltd, India’s largest producer of manganese ore, announced its financial results for the March quarter post market hours on April 30, reporting a 27% year-on-year rise in consolidated net profit to ₹115.7 crore, compared to ₹91.1 crore in the corresponding quarter last year.
Revenue from operations during the quarter came in at ₹433.4 crore, registering a 4.2% increase from ₹415.9 crore a year ago.
Operational performance remained stable, with EBITDA rising 8.7% on-year to ₹139.4 crore. EBITDA margin expanded to 32.2% from 30.9% in the year-ago period, reflecting improved cost control and firm pricing.
Also read: Coromandel International Q4 results: Strong profit growth, EBITDA up 56%; declares dividend
MOIL, a ‘Miniratna’ public sector undertaking under the Ministry of Steel, said its board has recommended a final dividend of ₹1.61 per equity share of face value ₹10 for FY25, subject to shareholder approval.
Ahead of the earnings announcement, shares of MOIL closed 1.95% lower at ₹317.55 on the BSE.
