MOIL Limited, India’s largest manganese ore producer, saw its shares rise by 5% after the company reported an impressive 32% year-on-year (YoY) sales growth for November 2024. MOIL achieved its highest-ever November production of 1.63 lakh tonnes, underscoring its consistent operational excellence.
For the first eight months of FY25, MOIL’s production reached 11.80 lakh tonnes, an 8.46% increase from the previous year. Sales also reflected robust growth, with November 2024 achieving a record 1.33 lakh tonnes, contributing to total sales of 9.90 lakh tonnes, up 4.76% YoY.
Notably, MOIL crossed ₹1,000 crore in turnover within the first eight months of FY25, a milestone achieved over a month earlier than FY24. This highlights the company’s strong financial trajectory.
MOIL’s focus on exploration continues to drive growth, completing 63,654 meters of core drilling between April and November 2024—1.28 times the previous year’s figure for the same period.
As of 9:19 am, MOIL shares were trading 3.78% higher at Rs 332.45 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
