MOIL has reported results for first quarter ended June 30, 2023 (Q1FY24).
The company has reported 15.77% fall in its net profit at Rs 86.57 crore for the quarter under review as compared to Rs 102.78 crore for the same quarter in the previous year. However, total income of the company increased by 3.73% at Rs 405.37 crore for Q1FY24 as compared Rs 390.78 crore for the corresponding quarter previous year.
MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).
