MOIL achieves record turnover and sales in Q1FY25
The Board of Directors of MOIL Ltd has approved financial results for the first quarter of FY’2024-25 in its meeting held on 30th July 2024.
The Board of Directors of MOIL Ltd has approved financial results for the first quarter of FY’2024-25 in its meeting held on 30th July 2024.
In the April-June quarter of 2024, the company achieved a record quarterly turnover and sales following a positive performance in FY'24. Production increased by 8% year over year to 4.70 lakh tonnes, while sales saw a 15% year-over-year increase, reaching 4.53 lakh tonnes.
On account of this increase in production and sales and also helped by market forces, the company has been able to achieve best ever quarterly revenue from operations of Rs. 492.84 crores and Profit before tax of Rs. 204.3 crores.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
Shri Ajit Kumar Saxena, CMD MOIL, mentioned that it was heartening to see MOIL team maintaining the momentum of high growth, breaking the myth of first quarter syndrome, surpassing the previous fourth quarter performance in turnover and sales.
Read Also : Indian Bank Hands Over Sanction Letters Worth Rs 1,011 Crore to Over 3,000 Women