MOIL Limited has announced a comprehensive price revision for its manganese ore products, implementing a uniform 4% reduction across all grades effective from May 1, 2026. Filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the disclosure dated May 2, 2026 was submitted by Company Secretary and Compliance Officer Neeraj Dutt Pandey. The revision covers prices fixed for Q1 FY27 (April–June 2026) and specifically for the month of May 2026, with all reductions calculated on prices prevailing since April 1, 2026.

Price Reduction Details

The company has implemented a systematic price reduction strategy covering its entire manganese ore product portfolio. All reductions take effect from midnight of April 30, 2026/May 1, 2026, ensuring a seamless transition into the new pricing structure for May 2026. The following table summarises the changes across product categories:

EMD Pricing Maintained

While implementing reductions across manganese ore grades, MOIL has maintained stability in its Electrolytic Manganese Dioxide (EMD) pricing structure. The basic price of Rs 1,80,000 per PMT for EMD continues unchanged for May 2026, representing continuity from the rates established since April 1, 2026. This pricing stability in EMD reflects the company's differentiated approach to managing its diverse product portfolio.

Regulatory Compliance

MOIL's announcement fulfills its obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company regularly communicates such material price revisions to ensure transparency with stakeholders and maintain compliance with listing requirements. The disclosure aligns with the company's established practice of monthly and quarterly price adjustments based on prevailing market conditions and business requirements.

MOIL Limited's fourth quarter FY26 results revealed mixed performance with revenue growth offset by margin compression and declining profitability. The manganese ore mining company reported a net profit decline of 19.92% year-over-year while achieving modest revenue growth of 2.56%.

Q4 FY26 Financial Performance

The company's quarterly results showed revenue growth but significant pressure on profitability metrics. Net profit for Q4 FY26 stood at ₹926.13 crores compared to ₹1,156.51 crores in the corresponding quarter of the previous year.

EBITDA Performance Analysis

Despite maintaining absolute EBITDA levels at ₹1,390.00 crores, the company experienced margin compression with EBITDA margin declining to 31.27% from 32.19% in Q4 FY25. This 92 basis points decline in margin reflects operational challenges and cost pressures faced during the quarter.

Annual Performance Context

The quarterly results align with the company's challenging annual performance for FY26. The Board of Directors had earlier approved audited financial results on April 29, 2026, showing annual net profit decline of 29.91% to ₹2,674.80 crores and revenue decline of 7.07% to ₹14,728.38 crores.

Operational Challenges

The margin compression in Q4 FY26 reflects broader operational headwinds faced by the Government of India enterprise. While the company managed to achieve revenue growth in the quarter, rising expenses and operational challenges impacted overall profitability and margin performance.

The company's mining products segment, which remains the primary revenue contributor, continues to face market pressures that have affected both quarterly and annual performance metrics.