MOIL announced the appointment of Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel as Government Director on the Board of Directors of MOIL vice Dr. Sanjay Roy, Joint Secretary, Ministry of Steel. Powered by Capital Market - Live News

MOIL scales a new peak of 2.15 lakh tonnes monthly sales of manganese ore in May, 2024, surpassing the previous record of 1.83 lakh tonnes in December, 2019 and registering an impressive growth of 41% over May`23. Sales during Apr-May`24, has been higher by 31.5% as compared to corresponding period last year (CPLY). Helped by market conditions, the company has increased the prices of various grades by about 65% in the current financial year. On the production front, 3.05 lakh tonnes of manganese ore production was achieved in Apr-May, 2024, registering a growth of 7% over CPLY. MOIL has also continued its focus on exploration activities and carried out exploratory core drilling of 18,609 meters in Apr-May`24, which is higher by 26% y-o-y.Powered by Capital Market - Live News

MOIL announced that the Board of Directors of the Company at its meeting held on 15 May 2024, inter alia, have recommended the final dividend of Rs 2.55 per equity Share (i.e. 25.5%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of MOIL rose 12.60% to Rs 91.15 crore in the quarter ended March 2024 as against Rs 80.95 crore during the previous quarter ended March 2023. Sales declined 2.85% to Rs 415.88 crore in the quarter ended March 2024 as against Rs 428.06 crore during the previous quarter ended March 2023.For the full year,net profit rose 17.06% to Rs 293.34 crore in the year ended March 2024 as against Rs 250.59 crore during the previous year ended March 2023. Sales rose 8.03% to Rs 1449.42 crore in the year ended March 2024 as against Rs 1341.65 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales415.88428.06 -3 1449.421341.65 8 OPM %30.8430.96 -30.2027.51 - PBDT152.23152.51 0 531.25445.97 19 PBT112.96121.04 -7 387.00331.63 17 NP91.1580.95 13 293.34250.59 17 Powered by Capital Market - Live News

MOIL will hold a meeting of the Board of Directors of the Company on 15 May 2024Powered by Capital Market - Live News