MOIL's Manganese Ore Output in June Quarter up by 6.8%

Nagpur, July 3, 2025: MOIL Limited, India’s largest producer of manganese ore, has announced its highest-ever production figures for both the month of June and the first quarter of the fiscal year 2025-26 (April-June), marking a significant operational milestone since its inception.

Key Performance Highlights (April–June 2025):

• Record quarterly manganese ore production: MOIL produced 5.02 lakh tonnes of manganese ore in Q1 FY26, registering a 6.8% increase compared to the same period last year.
• Best-ever June production: Output for June alone stood at 1.68 lakh tonnes, up by 2% year-on-year, making it the company’s best monthly performance on record.
• Exploratory milestones achieved: The company achieved its highest-ever Q1 exploratory core drilling at 34,900 meters, reflecting a substantial 16.2% growth over the previous year.

MOIL, a Schedule ‘A’ Miniratna – Category I CPSE under the administrative control of the Ministry of Steel, operates ten mines across Maharashtra and Madhya Pradesh. It is a key player in fulfilling India’s manganese ore needs, particularly for steel production, and also engages in value-added products like Ferro Manganese and Electrolytic Manganese Dioxide. The company has a significant market share, contributing approximately 50% of the total domestic manganese ore production in India.

This record production aligns with India’s growing demand for manganese ore, driven by the robust expansion of the steel industry. India aims to achieve a steel capacity of 300 million tonnes by 2030, which is expected to create a corresponding demand for approximately 11 million tonnes of manganese ore. As India is currently a net importer of manganese ore, MOIL’s enhanced production capabilities are crucial in addressing this demand-supply gap and reducing import dependency. The company has set a target to produce 3.50 million tonnes of manganese ore by 2030.

MOIL’s Financial Snapshot

MOIL delivered strong results, with a Profit After Tax of ₹115.65 crore in Q4 FY25 (March 2025). The total income for Q4 FY25 was ₹433.39 crore, with an operating profit of ₹100.42 crore. For the entire FY24 (ending March 31, 2024), the company reported a total revenue of ₹1,543.0 crore, an 8.8% increase over FY23. Net profit for FY24 stood at ₹293.34 crore, reflecting a 17.1% growth from the previous year, with an operating profit of ₹437.72 crore. MOIL remains a debt-free company, boasting strong cash reserves and consistently healthy dividend payouts, reinforcing its solid financial fundamentals and capacity for future growth.

Share Price Performance

As of 11:45 AM, the shares of MOIL Limited were trading at ₹392.65, up by 0.64% or ₹2.50. It remains to be seen at what price the shares close at the end of today’s market session.

Future Outlook For MOIL

MOIL’s record Q1 FY26 production and exploratory efforts underline its growing capacity and operational efficiency, especially as India ramps up steel production. The 6.8% rise in quarterly output and historic June figures put the company in a strong position to meet the country’s growing manganese demand and reduce its reliance on imports.

Looking ahead, MOIL’s goal of producing 3.5 million tonnes by 2030 aligns with India’s 300 MTPA steel target. Its consistent profitability, zero debt, and robust cash reserves provide a solid foundation for expanding mining capacity, investing in value-added products, and supporting dividend stability.

If MOIL sustains this growth momentum, its market leadership and relevance in India’s steel value chain will likely strengthen, enhancing long-term shareholder value.

REF: https://nsearchives.nseindia.com/corporate/MOIL_03072025104751_Press_Release_03072025.pdf

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