Revenue from operations grows 8.7% to ₹740.01 crore as manganese ore sales increase nearly 10% during April–September 2026
New Delhi, November 4, 2026: State-owned manganese ore producer MOIL Limited reported a 22.5% year-on-year increase in standalone net profit to ₹149.39 crore for the first half of FY2026–27, compared with ₹121.94 crore in the corresponding period of the previous financial year.
The company’s revenue from operations rose 8.7% to ₹740.01 crore during the six months ended September 30, 2026, against ₹680.80 crore in the year-ago period. Total income increased 5.81% to ₹776.15 crore from ₹733.54 crore.
Profit before tax (PBT) grew 22.9% to ₹188.75 crore in H1 FY27, compared with ₹153.58 crore in the corresponding period last year, reflecting improved profitability during the first six months of the financial year.
MOIL also recorded growth in manganese ore production and sales volumes. Production increased 1.76% to 9.61 lakh tonnes from 9.44 lakh tonnes, while sales volumes rose 9.67% to 7.78 lakh tonnes compared with 7.10 lakh tonnes in H1 FY26.
However, the company’s performance during the second quarter showed a decline in profitability despite higher revenue. For the quarter ended September 30, 2026, MOIL reported a standalone net profit of ₹61.78 crore, down from ₹70.44 crore in the corresponding quarter of the previous year.
Revenue from operations during Q2 FY27 increased to ₹369.13 crore from ₹332.74 crore a year earlier.
Alongside its financial results, MOIL’s Board of Directors declared the first interim dividend of ₹2.20 per equity share with a face value of ₹10 each for FY2026–27.
Commenting on the company’s performance, MOIL Chairman and Managing Director V. Suresh attributed the growth to strategic planning, improved mining practices and operational efficiencies.
He highlighted the company’s focus on its ‘Waste to Wealth’ initiatives, aimed at converting low-grade mining products into higher-value assets while supporting the requirements of India’s domestic steel industry.
MOIL is also exploring growth opportunities in domestic and international markets, including mining operations and downstream value addition.
MOIL Limited is a Schedule ‘A’ Miniratna Category-I Central Public Sector Enterprise under the Ministry of Steel. The company is India’s largest manganese ore producer and operates underground and open-cast mines in Maharashtra and Madhya Pradesh.
