MOIL reports 98% fall in Q1 net profit

MOIL Ltd. | Mining & Minerals | Metals & Mining | BSE: 533286 | NSE: MOIL

21 Aug 2020 Evaluate

MOIL has reported results for first quarter ended June 30, 2020.

The company has reported 97.93% fall in its net profit at Rs 1.88 crore for the quarter under review as compared to Rs 90.68 crore for the same quarter in the previous year. Total income of the company decreased by 45.85% at Rs 178.05 crore for Q1FY21 as compared Rs 328.82 crore for the corresponding quarter previous year.

MOIL is the largest iron ore company in India. It currently operates many underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and various opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).

Peers

Company Name	CMP
Coal India	422.80
NMDC	80.39
Ashapura Minechem	515.55
Sandur Manganese	180.60
GMDC	545.00
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