Shares of MOIL Limited declined more than 5% after the company reported a subdued performance for the fourth quarter of FY26, marked by a sharp drop in profitability and only modest growth in revenue.
The state-owned manganese ore producer posted a net profit of ₹92.6 crore for the March quarter, registering a 20% decline compared to ₹115.7 crore in the same period last year. The fall in earnings highlights pressure on the company’s bottom line despite relatively stable operations.
Revenue for the quarter rose just 2.6% year-on-year to ₹444.5 crore, up from ₹433.4 crore in the corresponding quarter of the previous fiscal. The marginal increase in topline indicates limited growth momentum during the period.
At the operating level, performance remained largely flat. EBITDA slipped slightly by 0.4% to ₹139 crore from ₹140 crore a year ago, reflecting subdued operational efficiency amid cost pressures.
Profitability margins also weakened during the quarter. EBITDA margin declined to 31.3% from 32.2% in the year-ago period, signalling some strain on earnings despite stable revenue and operating figures.
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