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MOIL reports 70 per cent jump in net profit in Q1 FY 2026-27
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The mining company’s profit before tax for the April to June quarter (Q1) registered a 70 per cent rise to Rs 87.62 crore, up from Rs 51.51 crore in the first quarter of financial year 2025-26.
The company’s total revenue rose by 6 per cent to Rs 391.13 crore during the quarter compared to Rs 370.52 crore in the year-ago period.
The net sales realisation of the government-owned company reached Rs 9,749 per metric tonne (MT), reflecting a 10 per cent gain over Rs 8,884 per MT in the corresponding previous quarter.
Manganese ore sales of the public sector company touched 369,049 MT, up by 4 per cent from 356,196 MT in the same period last year.
“The Board of Directors of MOIL Limited on Wednesday approved the financial and operational results for the first quarter of FY 2026-27.