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MOIL reports 66% rise in Q1 net profit

03 Aug 2022 Evaluate

MOIL has reported results for first quarter ended June 30, 2022.

The company has reported 66.31% rise in its net profit at Rs 102.78 crore for the quarter under review as compared to Rs 61.80 crore for the same quarter in the previous year. Total income of the company increased by 24.38% at Rs 390.78 crore in Q1FY23 as compared Rs 314.18 crore for the corresponding quarter previous year.

Incorporated in 1962, MOIL is largest producer and seller of different grades of manganese ore in India.

Peers
Company Name CMP
Coal India 422.20
NMDC 80.50
Ashapura Minechem 517.40
Sandur Manganese 181.45
GMDC 543.25
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