Did MOIL Achieve Record Manganese Ore Production in April 2025-26?
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Synopsis
MOIL's record-breaking April production of manganese ore signals a strong start to FY 2025-26. With impressive growth in both output and exploratory drilling, the company is set to lead in the steel production sector. This performance reflects MOIL's commitment to growth and operational excellence.
Key Takeaways
- MOIL has recorded its highest-ever April production of 1.62 lakh tonnes.
- Exploratory drilling increased by 58 percent year-on-year.
- Net profit rose by 27 percent to Rs 115.7 crore.
- Interim dividend increased by 15 percent compared to last year.
- New projects worth Rs 886 crore approved to enhance production capacity.
New Delhi, May 4 (NationPress) India’s leading producer of manganese ore, MOIL, has kicked off the financial year 2025-26 with an unprecedented performance in April, producing 1.62 lakh tonnes of ore, as reported by the Ministry of Steel on Sunday.
This output marks a 1.5 percent increase from the same month in the previous year.
The government-owned entity, which serves as a key supplier of manganese ore for steel production, has also reported its highest-ever exploratory core drilling, reaching 11,453 metres, reflecting a remarkable 58 percent growth compared to April of last year.
Ajit Kumar Saxena, the Chairman and Managing Director of MOIL, stated, "The April results signal a promising trajectory for the upcoming year. Our commitment to continuous growth and value enhancement remains unwavering."
For the January-March quarter of the financial year 2024-25, MOIL declared a 27 percent rise in consolidated net profit, reaching Rs 115.7 crore, up from Rs 91.1 crore in the same period the previous year.
Quarterly revenue from operations amounted to Rs 433.4 crore, showcasing a 4.2 percent increase from Rs 415.9 crore a year earlier.
Operational metrics remained robust, with an 8.7 percent increase in EBITDA, amounting to Rs 139.4 crore. The EBITDA margin improved to 32.2 percent from 30.9 percent in the prior year, thanks to enhanced cost management and stable pricing.
The MOIL Board has also sanctioned an interim dividend of Rs 4.02 per share for the financial year 2024-25, which is a 15 percent increase over last year’s interim dividend of Rs 3.50 per share.
Furthermore, the Board has greenlit five shaft sinking projects including two ventilation shafts for its Dongri Buzurg Mine, Chikla Mine, and Kandri Mine, totaling around Rs 886 crore. These initiatives aim to maintain and elevate production levels in the future.
Point of View
It’s essential to recognize MOIL's robust performance as a vital contributor to India's steel manufacturing sector. This growth not only reflects the company’s operational efficiency but also underscores its dedication to sustainable practices and strategic investments in future production capabilities.
NationPress
17/06/2025
Frequently Asked Questions
What was MOIL's production output for April 2025-26?
MOIL achieved a production output of 1.62 lakh tonnes of manganese ore for April 2025-26.
How much did MOIL's exploratory drilling increase?
MOIL's exploratory drilling increased by 58 percent in April compared to the previous year.
What was the net profit for MOIL for Q1 2024-25?
MOIL reported a 27 percent increase in net profit, totaling Rs 115.7 crore for the January-March quarter of 2024-25.
What dividend did MOIL declare for its shareholders?
MOIL declared an interim dividend of Rs 4.02 per share for the financial year 2024-25.
What projects did MOIL approve recently?
MOIL approved five shaft sinking projects, including two ventilation shafts, totaling approximately Rs 886 crore.
