The Board of Directors of MOIL Limited, in their meeting held on April 29, 2026, officially approved the audited financial results for the quarter and full financial year ended March 31, 2026. The company reported a revenue from operations of ₹444.49 Crores for the current quarter, representing a significant increase of 27.89% on a Quarter-over-Quarter (QoQ) basis compared to the ₹347.54 Crores earned in the previous quarter ended December 31, 2025. On a Year-over-Year (YoY) basis, revenue saw a modest growth of 2.56% from ₹433.39 Crores in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹92.61 Crores, marking a robust QoQ growth of 75.00% from ₹52.92 Crores, though it experienced a 19.92% decline YoY from ₹115.65 Crores. The Board did not recommend any dividend during this meeting.

MOIL Limited is a prominent Government of India Enterprise and the largest producer of manganese ore in the country. Headquartered in Nagpur, the company operates several mines across Maharashtra and Madhya Pradesh, focusing on mining, manufactured products, and power generation segments. As of March 31, 2026, the company continues to maintain a strong domestic presence with significant assets in mining products valued at over ₹2,000 Crores. The company is actively pursuing expansion through proposed joint ventures with state agencies such as the Gujarat Mineral Development Corporation (GMDC), Madhya Pradesh State Mining Corporation Limited (MPSMCL), and Chhattisgarh Mineral Development Corporation (CMDC) to explore new manganese mining opportunities.