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MOIL’s Q4 net profit jumps 27% YoY.
Higher ore output and prices drive earnings.
Demand from steel sector remains steady.
MOIL Limited, India’s largest manganese ore producer, posted a 27% year-on-year increase in consolidated net profit for the fourth quarter of FY 2024-25, driven by higher sales volumes and improved price realisations.
The state-owned miner reported a net profit of ₹184 crore for Q4, compared to ₹145 crore in the corresponding period last year. Revenue from operations stood at ₹525 crore, marking a healthy growth on the back of steady demand from the steel and ferroalloy sectors.
Company officials credited the strong performance to improved operational efficiencies, higher ore production, and favourable pricing trends in the domestic market. MOIL's manganese ore output for the quarter rose by 11% year-on-year, while average sales realisation improved by 8%.
With infrastructure and construction sectors maintaining momentum, the demand for manganese-based alloys remained firm throughout the quarter. MOIL reaffirmed its focus on expanding production capacity and strengthening value-added product lines in FY 2025-26.
Analysts see this earnings growth as a positive indicator for India’s mining sector, with raw material suppliers benefitting from sustained industrial activity.
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