MOIL’s March Magic: Soaring Profits and a Juicy Dividend Boost Investor Spirits

MOIL Limited, the state-owned manganese miner, has released strong financial performance for the March 2025 quarter, reporting a net profit of ₹1.16 billion, which reflects a 27% improvement compared to a year earlier. The company’s revenue from operations in the quarter was ₹4.33 billion, marking a healthy rise on the back of higher income and better operational performance.

 

For the financial year, MOIL's net profit rose by 30% to ₹3.82 billion, demonstrating a continuing growth trajectory. The company announced a rise in production and sales in the year, with production of 1.8 million tonnes and sales of 1.59 million tonnes.

 

The strong performance led to the Board of MOIL recommending a dividend of ₹1.61 per share to shareholders. Ajit Kumar Saxena, the Chairman and Managing Director, expressed confidence in the continuing trajectory of growth, given the positive results.

 

The March quarter results highlight the strength and operational effectiveness of MOIL during a competitive mining environment and position the company for growth. 

 

Source: Rediff Money