MOIL Q3 Results: Net profit rises 18% to Rs 64 crore, margin stood at 25.9%

Manganese ore mining company MOIL Ltd has announced the financial quarterly results, reporting a 17.7% year-on-year (YoY) increase in net profit at Rs 63.7 crore. In the corresponding quarter of the previous fiscal, MOIL posted a net profit of Rs 54.1 crore, the company said in a regulatory filing.

The company's revenue from operations surged 19.8% to Rs 366.8 crore as against Rs 306.3 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA was up 6.4% to Rs 95 crore in the third quarter of this fiscal over Rs 89.4 crore in the corresponding period in the previous fiscal.

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EBITDA margin stood at 25.9% in the reporting quarter as compared to 29.2% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

The board has declared an interim dividend of Rs 4.02 per equity share of face value of Rs 10 each for the financial year ending on March 31, 2025. As earlier informed to the exchange the Record date for the purpose of payment of dividend is February 15, 2025. The date of payment of the interim dividend for the financial year 2024-25 shall be March 10, 2025.

Shares of MOIL Ltd are trading down by 1.24% at Rs 303.80 on the NSE.

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