MOIL shares jumped 4% following the company’s record-breaking Q3 results for the quarter ending December 2024. The manganese ore giant achieved its highest-ever Q3 production of 4.6 lakh tonnes and sales of 3.88 lakh tonnes, a 13% increase year-over-year.
For the April-December 2024 period, production rose by 4.5% to 13.3 lakh tonnes, while sales grew 3.5% to 11.39 lakh tonnes. Additionally, MOIL’s exploration efforts achieved a 19% growth in core drilling, reaching 72,340 meters.
This robust performance positions MOIL to surpass its highest-ever Q3 revenue. Chairman and Managing Director Shri Ajit Kumar Saxena reaffirmed the company’s commitment to sustaining this growth momentum.
MOIL shares opened at ₹354.20, with a high of ₹359.20 and a low of ₹350.35 today. Over the last 52 weeks, the stock has reached a high of ₹588.00 and a low of ₹259.50.
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