MOIL Q2 Results: PSU stock ends higher after 41% profit growth, margin expansion

Shares of state-run MOIL Ltd., India’s largest producer of manganese ore, reported its results for the second quarter, driven by strong operational efficiency and sales growth.Net profit for the company increased by 41% from last year to ₹70.4 crore, while its revenue grew 19.2% year-on-year to ₹348 crore from ₹291.9 crore last year.

MOIL’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew 25.7% on a year-on-year basis to ₹99.5 crore. EBITDA margin increased by 150 basis points from 28.6% from 27.1% last year.

In its business update shared earlier, MOIL achieved its best-ever production for the month of October since its inception, reporting an output of 1.60 lakh tonnes of manganese ore. This marked a year-on-year increase of 9.1% compared to the corresponding period last year.MOIL’s exploratory core drilling reaching its highest-ever mark of 57,275 meters for the April-October period of the current fiscal year. The cumulative production for the first seven months of the fiscal year (April–October) also showed a an uptick, reaching 11.04 lakh tonnes, which is 8.5% increase over the same period last year.

Shares of MOIL ended 1.5% higher at ₹372.7, after the earnings announcement. The stock is up 8% so far in 2025.