MOIL Limited , India's largest producer of manganese ore, has announced a significant price reduction for its high-grade manganese ore products. The company has implemented a 5% price cut for all ferro grades of manganese ore with manganese content of 44% and above.

Price Reduction Details

This price adjustment is likely to have implications for both MOIL and its customers in the steel and alloy industries.

Impact on the Industry

The price reduction could potentially:

1. Increase demand for MOIL's high-grade manganese ore
2. Provide cost benefits to steel and alloy manufacturers
3. Impact MOIL's revenue in the short term

Market Context

Manganese ore is a crucial raw material in the production of steel and various alloys. MOIL's decision to reduce prices may be influenced by factors such as:

• Global manganese ore market conditions
• Domestic demand fluctuations
• Competition from other manganese ore producers

About MOIL Limited

MOIL Limited, formerly known as Manganese Ore India Limited, is a state-owned manganese ore mining company in India. It operates under the Ministry of Steel, Government of India, and is the largest producer of manganese ore in the country.

Investors and industry observers will be closely watching how this price reduction affects MOIL's market position and financial performance in the coming quarters.

MOIL Limited , a leading manganese ore producer in India, has announced price adjustments for its manganese ore products effective May 1, 2025, while simultaneously reporting robust financial results for the fiscal year 2025.

Price Adjustments

The company has implemented the following price changes for various grades of manganese ore:

The price of Electrolytic Manganese Dioxide (EMD) remains unchanged at ₹205,000.00 per metric ton.

Financial Performance Highlights

MOIL's Board of Directors approved the financial results for Q4 and FY'25, revealing impressive growth across various operational fronts:

FY 2025 Performance

• Profit After Tax (PAT) surged by 30.00% to ₹381.64 crore
• Revenue from operations increased by 9.00% year-on-year to ₹1,584.94 crore
• Manganese ore production grew by 3.00% to 18.03 lakh tonnes
• Manganese ore sales increased by 3.30% to 15.87 lakh tonnes
• Ferro manganese sales hit a record 12,942 MT, marking a 54.00% rise

Q4 FY 2025 Performance

• PAT increased by 27.00% to ₹115.65 crore
• Revenue from operations stood at ₹433.40 crore, up by 4.00% compared to the same period last year

Dividend Announcement

The company has declared a final dividend of ₹1.61 per equity share, in addition to the interim dividend of ₹4.02 per equity share already paid.

Management Commentary

Shri Ajit Kumar Saxena, CMD of MOIL, expressed satisfaction with the company's performance, stating, "We have closed the financial year on a strong note with commendable results. This performance reflects the resilience and dedication of team MOIL. We are determined to sustain this momentum and aim even higher in the coming quarters."

The price adjustments in manganese ore grades come at a time when MOIL is experiencing significant growth in its financial performance. These changes may reflect the company's strategy to maintain competitiveness in the market while capitalizing on its strong operational results.