MOIL Limited , a state-owned manganese ore mining company, has released its financial results for the half year ended September 30, 2025, revealing a mixed performance amid challenging market conditions.

Financial Performance

The company reported revenue from operations of Rs 696.11 crore for the half year, compared to Rs 784.73 crore in the corresponding period of the previous year, marking a decrease of 11.29%. The net profit for the period stood at Rs 121.94 crore, down from Rs 202.31 crore in the previous year, representing a 39.73% decline.

Segment-wise Performance

MOIL's operations are divided into three segments:

• Mining products generated revenue of Rs 651.45 crore
• Manufactured products contributed Rs 50.33 crore
• Power segment added Rs 11.62 crore

Dividend Announcement

MOIL's Board of Directors has approved an interim dividend of Rs 1.80 per equity share with a face value of Rs 10 each for the financial year ending March 31, 2025. The record date for dividend payment is set for November 15, 2025, with the actual payment scheduled for December 9, 2025.

Balance Sheet Highlights

As of September 30, 2025, MOIL's total assets stood at Rs 3,303.86 crore. The company maintains a strong equity position with a paid-up equity share capital of Rs 203.49 crore and other equity of Rs 2,498.66 crore.

Investor Relations

MOIL resolved all three investor complaints received during the quarter, leaving no pending complaints as of September 30, 2025.

Looking Ahead

As MOIL continues to operate in a dynamic market environment, investors and stakeholders will be watching closely to see how the company adapts its strategies to improve performance in the coming quarters.

Note: All figures are based on the unaudited financial results for the quarter and half year ended September 30, 2025, as approved by the MOIL Limited Board of Directors.

MOIL Limited (INE490G01020), a state-owned manganese ore mining company, has reported a robust financial performance for the second quarter, with significant growth in profitability and operational efficiency.

Financial Highlights

The company's Q2 standalone net profit surged to Rs 704.00 million, marking a substantial 40.8% increase from Rs 500.00 million in the same period last year. This impressive growth in profitability underscores MOIL's strong operational performance and market position.

MOIL's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for Q2 stood at Rs 995.00 million, up 25.6% from Rs 792.00 million year-over-year. The EBITDA margin improved to 28.59% from 27.1% in the corresponding quarter of the previous year, indicating enhanced operational efficiency.

Dividend Declaration

In a move that will benefit shareholders, MOIL's Board of Directors has declared an interim dividend of Rs 1.80 per equity share. The record date for dividend eligibility is set for November 15, with the payment scheduled for December 9.

Segment Performance

MOIL's financial results reveal strong performance across its business segments:

The mining products segment continues to be the primary revenue driver for the company, while the manufactured products and power segments also contribute positively to the overall profitability.

Balance Sheet Strength

As of September 30, MOIL's financial position remains robust:

• Total assets stood at Rs 330,385.95 lakhs, up from Rs 321,135.42 lakhs as of March 31.
• The company maintains a strong equity base of Rs 270,214.09 lakhs, reflecting its financial stability.
• MOIL's cash and cash equivalents, along with bank balances, totaled Rs 83,629.34 lakhs, providing ample liquidity for operations and future investments.

Auditor's Note

The independent auditor's review report highlights that the company's revenue recognition includes Royalty, District Mineral Fund (DMF), and National Minerals Exploration Trust (NMET) contributions collected on behalf of third parties. While this is in line with industry practice, it differs from the treatment prescribed by IND AS 115, which stipulates that revenue should be shown on a net basis excluding such collections.

MOIL's strong financial performance, improved operational efficiency, and shareholder-friendly dividend policy position it well in the mining sector. However, as with any mining company, future performance may be influenced by factors such as commodity prices, regulatory environment, and overall economic conditions.