Did MOIL’s manganese ore production reach a record 1.68 lakh tonnes in June?
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Synopsis
MOIL has achieved a record-breaking manganese ore production of 1.68 lakh tonnes in June, representing a significant growth from last year. With a robust quarterly output and substantial profit growth, the company is on a promising path for future expansion.
Key Takeaways
- MOIL achieved a record production of 1.68 lakh tonnes in June.
- Quarterly production for April-June reached 5.02 lakh tonnes.
- Consolidated net profit increased by 27% to Rs 115.7 crore.
- Interim dividend of Rs 4.02 per share announced.
- Five new shaft sinking projects approved for future growth.
New Delhi, July 3 (NationPress) MOIL, the leading producer of manganese ore in India, has achieved its highest-ever production for the month of June, totaling 1.68 lakh tonnes. This figure represents a 2 percent increase compared to the same month last year, as per an official statement issued on Thursday.
In the first quarter of the fiscal year 2025-26, MOIL reported its best quarterly output of 5.02 lakh tonnes, marking a growth of 6.8 percent over the corresponding period in the previous financial year.
The government-owned entity, which provides manganese ore essential for steel production, also recorded its highest exploratory core drilling in Q1 at 34,900 metres, indicating a significant 16.2 percent increase from the same quarter last year.
MOIL's chairman and managing director, Ajit Kumar Saxena, expressed pride in the company’s performance during April-June, highlighting its strong fundamentals and optimistic growth trajectory.
For the January-March quarter of the financial year 2024-25, MOIL's consolidated net profit surged by 27 percent to Rs 115.7 crore, up from Rs 91.1 crore in the same period the previous year.
Revenue from operations reached Rs 433.4 crore for the quarter, reflecting a 4.2 percent increase from Rs 415.9 crore a year earlier.
Operational stability was evident with EBITDA increasing by 8.7 percent year-on-year to Rs 139.4 crore. The EBITDA margin expanded to 32.2 percent from 30.9 percent in the previous year, showcasing enhanced cost control and steady pricing.
The MOIL board has sanctioned an interim dividend of Rs 4.02 per share for the financial year 2024-25 during the Q3 results announcement, which is a 15 percent increase over last year’s interim dividend of Rs 3.50 per share.
Additionally, the Board has greenlit five shaft sinking projects, including two ventilation shafts for its Dongri Buzurg Mine, Chikla Mine, and Kandri Mine, with a total estimated cost of Rs 886 crore. These projects are aimed at maintaining and enhancing production levels in the future.
Point of View
MOIL’s recent achievements underscore the company’s commitment to excellence and innovation in the manganese ore sector. Their growth not only reflects the health of the mining industry but also signifies the importance of sustainable practices in resource extraction.
NationPress
03/07/2025
Frequently Asked Questions
What is MOIL's manganese ore production for June?
MOIL's manganese ore production for June reached a record 1.68 lakh tonnes, marking a 2 percent year-on-year increase.
What was MOIL's quarterly production for April-June?
During the April-June quarter of 2025-26, MOIL achieved its best ever quarterly production of 5.02 lakh tonnes.
What was the increase in MOIL's consolidated net profit?
MOIL reported a 27 percent increase in consolidated net profit to Rs 115.7 crore for the January-March quarter of 2024-25.
How much is the interim dividend declared by MOIL?
The MOIL board has approved an interim dividend of Rs 4.02 per share for the financial year 2024-25.
What projects has MOIL approved recently?
MOIL's board has approved five shaft sinking projects, including two ventilation shafts, with an estimated total cost of Rs 886 crore.
