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MOIL Q4 Results: Net profit declines 38% to ₹81 crore, dividend declared


MOIL announced its Q4FY23 results on 26 May, reporting a net profit of 80.9 crore, down 38.3 percent, compared to 131 crore in the corresponding period last year. The manganese ore mining company’s revenue from operations in the January-March quarter came in at 428 crore, registering a decrease of 8.5 percent, as compared to 468 crore in the year-ago period.

The company’s board recommended a final dividend 0.69 per equity share of the face value of 10 each for the financial year 2022-23, subject to the approval of the shareholders.

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Updated: 26 May 2023, 05:45 PM IST

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