MOIL Q4 Net Profit Drops 19.92% Despite Revenue Growth, EBITDA Margin Compresses
MOIL Limited reported mixed Q4 FY26 results with revenue growth of 2.56% to ₹4,444.91 crores but net profit declined 19.92% to ₹926.13 crores. EBITDA margin compressed to 31.27% from 32.19% despite maintaining absolute EBITDA levels at ₹1,390.00 crores, reflecting operational challenges.
*this image is generated using AI for illustrative purposes only.
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.
| Q4 Metrics: | Q4 FY26 | Q4 FY25 | Change (%) |
|---|---|---|---|
| Revenue: | ₹4,444.91 crores | ₹4,333.90 crores | +2.56% |
| Net Profit: | ₹926.13 crores | ₹1,156.51 crores | -19.92% |
| EBITDA: | ₹1,390.00 crores | ₹1,390.00 crores | 0.00% |
| EBITDA Margin: | 31.27% | 32.19% | -92 bps |
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.
| Annual Comparison: | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Annual Revenue: | ₹14,728.38 crores | ₹15,849.41 crores | -7.07% |
| Annual Net Profit: | ₹2,674.80 crores | ₹3,816.37 crores | -29.91% |
| Earnings Per Share: | ₹13.14 | ₹18.76 | -29.96% |
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.
Historical Stock Returns for MOIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.79% | -4.69% | +12.89% | -16.98% | -4.07% | +93.65% |
What strategic initiatives is MOIL planning to implement to reverse the declining profit margins and restore profitability growth?
How might global manganese ore demand trends and pricing dynamics affect MOIL's revenue recovery in FY27?
Will MOIL consider expanding into value-added manganese products or downstream processing to improve margins?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
