Revenue from operations grew 19.8% YoY to Rs 366.82 crore in the quarter ended 31 December 2024. Profit before tax for the third quarter of FY25 was Rs 89.05 crore, registering a 16.6% growth compared to Rs 76.35 crore in Q3 FY24. In Q3 FY24, revenue from mining products was Rs 328.71 crore (up 11.8% YoY), while revenue from manufactured products was Rs 43.76 crore (up 158.5% YoY), and revenue from power was Rs 2.30 crore (down 36.6% YoY). On nine-month basis, the company's standalone net profit jumped 31.6% YoY to Rs 265.99 crore on 11.4% increase in revenue from operations to Rs 1,151.55 crore in 9M FY25 over 9M FY24. Meanwhile, the company's board has declared an interim dividend of Rs 4.02 per equity share for the financial year ending on 31 March 2025. The record date for the dividend payment is 15 February 2025, and the payment date for the interim dividend will be 10 March 2025. MOIL is the largest producer and seller of different grades of Manganese Ore by volume in India. The company produces high, medium and low-grade manganese ore. Also, they produce manganese dioxide and chemical-grade manganese ore. All their mines are located in Central India, in the States of Maharashtra and Madhya Pradesh, benefiting from well-developed road and rail infrastructure. They are actively involved in exploration and development (E&D) activities with a view to increasing their proven manganese ore reserves. Powered by Capital Market - Live

MOIL announced that the Board of Directors of the Company at its meeting held on 11 February 2025, inter alia, have recommended the interim dividend of Rs 4.02 per equity Share (i.e. 40.2%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of MOIL rose 17.71% to Rs 63.68 crore in the quarter ended December 2024 as against Rs 54.10 crore during the previous quarter ended December 2023. Sales rose 19.75% to Rs 366.82 crore in the quarter ended December 2024 as against Rs 306.31 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales366.82306.31 20 OPM %25.9429.20 - PBDT127.86112.86 13 PBT89.0576.35 17 NP63.6854.10 18 Powered by Capital Market - Live

MOIL has revised the record date for purpose of interim dividend for FY 2024-25 to 15 February 2025. Powered by Capital Market - Live

MOIL will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live

MOIL has fixed 14 February 2025 as record date for interim dividend for FY 24-25. Powered by Capital Market - Live

The industrial mineral maker achieved best ever Q3 sales of 3.88 lakh tonnes in Oct-Dec 2024, higher by 13% over corresponding period of last year (CPLY). During 9M FY25, MOIL registered production of 13.3 lakh tonnes, higher by about 4.5% YoY. and sales of 11.39 lakh tonnes, higher by 3.5% YoY. The company has carried out exploratory core drilling of 72,340 meters up to December 2024, which is higher by 19% over the previous year. Ajit Kumar Saxena, CMD MOIL, expressed satisfaction over the performance and was confident that the company will maintain the growth momentum. MOIL is engaged in the exploration, exploitation, and marketing of manganese ore and products, such as electrolytic manganese dioxide and high-carbon ferro manganese alloy. The Government of India held a 64.68% stake in MOIL as of September 30, 2024. The company's standalone net profit declined 18.8% to Rs 49.96 crore on a 16% slide in net sales to Rs 291.89 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

The revised prices will be effective from January 1, 2025. Prices for ferro grades with manganese content of 44% or higher have been increased by 1% compared to the rates prevailing since January 1, 2024. The new prices will take effect from midnight of December 31, 2024, to January 1, 2025, for the month of January 2025. Prices for ferro grades with manganese content below 44% have been raised by 5% compared to the rates prevailing since December 1, 2024. These changes will also apply from midnight of December 31, 2024, to January 1, 2025, for January 2025. Prices for SMGR (Mn-30%, Mn-25%, and Mn-20%) and fines grades have been increased by 5% compared to the rates effective since January 1, 2024. This revision will also be effective from midnight of December 31, 2024, to January 1, 2025, for January 2025. Prices for certain SMGR grades, such as SMGR SMH, CHS578, CHL442, TDL499, and GML464, will remain unchanged at the rates effective since December 1, 2024. These prices will continue to apply from midnight of December 31, 2024, to January 1, 2025, for January 2025. Prices for all chemical grades have been increased by 7.5% compared to the rates effective since December 1, 2024. The updated rates will apply from midnight of December 31, 2024, to January 1, 2025, for January 2025. The basic price of Rs 205,000 per metric ton (PMT) for electrolytic manganese dioxide (EMD) will remain unchanged for January 2025. MOIL is engaged in the exploration, exploitation and marketing of manganese ore and products, such as electrolytic manganese dioxide and high carbon ferro manganese alloy. The Government of India held 64.68% stake in MOIL as on 30 September 2024. The company's standalone net profit declined 18.8% to Rs 49.96 crore on 16% slide in net sales to Rs 291.89 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

The benchmark indices traded with moderate gains in the afternoon trade. The Nifty hovered above the 24,400 level. Media, PSU bank and oil & gas shares edged higher. On the other hand, FMCG and realty stocks corrected. At 13:28 IST, the barometer index, the S&P BSE Sensex was up 531.36 points or 0.66% to 80,779.44. The Nifty 50 index added 147.95 points or 0.61% to 24,421.05. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.81% and the S&P BSE Small-Cap index rallied 0.97%. The market breadth was strong. On the BSE, 2,688 shares rose and 1,186 shares fell. A total of 127 shares were unchanged. Gainers& Losers: Adani Ports and Special Economic Zone (up 5.67%), NTPC (up 2.33%), Cipla (up 2.27%), Adani Enterprises (up 2.26%) and Ultratech Cement (up 2.21%) were major Nifty gainers. ITC (down 1.44%), Trent (down 1.40%), Hero MotoCorp (down 1.16%), Bharti Airtel (down 1.06%), Wipro (0.77%) were major Nifty losers. Stocks in Spotlight: Solar Industries India rose 1.25% after the company and its subsidiary received export orders worth Rs 2,039 crore for supply of defence products to be delivered over a period of 4 years. Torrent Power rallied 4.73% after the company announced that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with a floor price of Rs 1,555.75 per share. KPI Green Energy advanced 2.80% after the company received an order for setting up a 300 MWAC ground-mounted solar PV plant, including operation and maintenance services on a comprehensive basis for a period of five years from Coal India. The said project is worth Rs 1,311 crore. MOIL surged 5.72% after the company achieved its best ever November production of 1.63 lakh tonnes of manganese ore in November 2024. The company has achieved production of 11.80 lakh tonnes of manganese ore during the first eight months of CY25 (April'November 2024), registering a growth of 8.46% compared to the same period last year. Global Market: European and Asian stocks advanced across the board on Tuesday, buoyed by positive sentiment from the US stock market. Investors are gearing up for a flurry of economic data and commentary from Federal Reserve officials, which will shape expectations for future interest rate decisions. The US dollar rebounded from a three-day decline following a stern warning from the incoming administration to BRICS nations. In the US, the S&P 500 extended its record-breaking streak, climbing 0.24%. The Nasdaq 100 gained 1%, while Tesla shares retreated in after-hours trading after a Delaware judge rejected a generous compensation package for CEO Elon Musk. The Dow Jones Industrial Average dipped 0.29%. Tesla shares surged over 3%, building on recent gains. This followed Roth MTM's upgrade to buy from neutral, which cited the potential benefits of the EV maker's CEO's close ties with the incoming administration. Powered by Capital Market - Live

The company has achieved production of 11.80 lakh tonnes of manganese ore during the first eight months of CY25 (April ' November 2024), registering a growth of 8.46% compared to the same period last year. The company has achieved sales of 1.33 lakh tonnes of manganese ore in November 2024, up 32% YoY. Sales figures for the April-Nov period stood at 9.90 lakh tonnes, up 4.76% YoY. Giving utmost thrust to exploration, the company has carried out exploratory core drilling of 63,654 meters upto November, 2024 which is 1.28 times over previous year. Ajit Kumar Saxena, CMD MOIL, mentioned that it is heartening that the company has continued the momentum of upward performance both in production and sales. He further added that MOIL team is geared up to register yet another successful financial year. MOIL is engaged in the exploration, exploitation and marketing of manganese ore and products, such as electrolytic manganese dioxide and high carbon ferro manganese alloy. The Government of India held 64.68% stake in MOIL as on 30 September 2024. The company's standalone net profit declined 18.8% to Rs 49.96 crore on 16% slide in net sales to Rs 291.89 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live