MOIL Reports 20% Decline in Q4 Profit, Shares Drop 6%
MOIL share price slips 6% on posting 20% YoY decline in Q4 net profit
Business Standard
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MOIL Limited, a public sector manganese ore producer in India, reported a 20% year-on-year decline in net profit for Q4FY26, leading to a 6% drop in its share price to ₹314.9. Despite the profit decrease, revenue increased by 2.5% to ₹433.39 crore, with production and sales figures showing slight growth.
- 01MOIL's net profit fell by 20% year-on-year to ₹92.613 crore in Q4FY26.
- 02Revenue increased by 2.5% to ₹433.39 crore compared to the previous year.
- 03Share price declined by 6% to ₹314.9 following the profit announcement.
- 04Total manganese ore production for FY26 reached 19.07 lakh MT, up from 18.03 lakh MT in FY25.
- 05The government of India holds a 53.35% stake in MOIL.
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MOIL Limited, a public sector undertaking in India, saw its share price drop by 6% to ₹314.9 after announcing a 20% year-on-year decline in net profit for the fourth quarter of FY26, totaling ₹92.613 crore compared to ₹115.65 crore the previous year. Despite the profit decline, the company reported a 2.5% increase in revenue, which reached ₹433.39 crore. Total expenses rose to ₹353.53 crore from ₹332.96 crore year-on-year. In its production update, MOIL noted a provisional manganese ore output of 1.64 lakh metric tonnes (MT) for March 2026, up from 1.59 lakh MT in March 2025. For the full fiscal year, cumulative production increased to 19.07 lakh MT, while cumulative sales remained largely flat at 15.89 lakh MT. MOIL, established in 1899 and operating in Maharashtra and Madhya Pradesh, supplies manganese ore for various industries and holds a 48% share of India's manganese dioxide ore market. The Indian government maintains a 53.35% stake in the company.
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The decline in profit may affect investor confidence and could impact future investments in MOIL, potentially influencing the local economy dependent on manganese production.
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