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. The state-owned manganese ore mining company communicated this pricing adjustment to stock exchanges as part of its regulatory disclosure requirements under SEBI regulations.

Price Reduction Details

The company has implemented a systematic price reduction strategy covering its entire product portfolio. The revision affects multiple categories of manganese ore products, with all reductions calculated on the prices that were prevailing since April 1, 2026.

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.

Implementation Timeline

The price revisions became effective from midnight of April 30, 2026/May 1, 2026, ensuring a seamless transition into the new pricing structure for May 2026. This timing aligns with the company's established practice of monthly price adjustments based on market conditions and business requirements.

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 on both NSE and BSE platforms.

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.