Nagpur, January 30, 2026: MOIL Limited (NSE: MOIL, BSE: 533286), a Government of India enterprise and a leading manganese ore producer, announced its unaudited financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2025, in its Board meeting held today. The Board also declared a second interim dividend for the financial year 2025-26.
| Financial Performance Snapshot (Quarter Ended Dec 2025) | |||
|---|---|---|---|
| Parameter | Q3 FY26 (Unaudited) | Q3 FY25 (Unaudited) | % Change YoY |
| Revenue from Operations | ₹ 359.91 Crore | ₹ 366.82 Crore | -1.89% |
| Net Profit | ₹ 52.92 Crore | ₹ 63.68 Crore | -16.90% |
| EBITDA (PBT) | ₹ 69.91 Crore | ₹ 89.05 Crore | -21.50% |
| Earnings Per Share (EPS) | ₹ 2.60 | ₹ 3.13 | -16.93% |
Nine-Month Performance (Apr-Dec 2025)
For the nine-month period of FY26, MOIL reported a Total Income of ₹1,125.67 Crore and a Net Profit of ₹174.87 Crore. This compares to a Net Profit of ₹265.99 Crore in the corresponding period last year (9M FY25), reflecting market challenges.
Second Interim Dividend Declaration
In a key announcement for shareholders, the Board declared a Second Interim Dividend of ₹3.53 per equity share (face value ₹10 each) for FY 2025-26.
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Record Date: February 5, 2026
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Payment Date: February 26, 2026
This is the second interim dividend for the year, following the company's dividend policy of sharing profits with its investors.
Segment-Wise Performance (Q3 FY26)
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Mining Products: Remained the core contributor with revenue of ₹341.34 Crore and a segment result (profit) of ₹47.24 Crore.
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Manufactured Products: Revenue stood at ₹23.57 Crore.
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Power Segment: Reported revenue of ₹4.72 Crore.
Also Read: REC Q3 Results: Net Profit Rises to ₹4,043 Crore, Declares 46% Interim Dividend
Auditors' Review and Key Observations
The results were reviewed by the statutory auditors, TACS & Co., Chartered Accountants. In their Limited Review Report, they highlighted three key observations without modifying their opinion:
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Revenue Recognition: The company continues to record royalty and statutory contributions (DMF, NMET) on a gross basis, contrary to Ind AS 115 which requires net reporting, following industry practice.
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Export Transactions: Revenue from export transactions as a Canalizing Agent is recognized gross, though the company earns only a fixed margin, based on an expert opinion.
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New Labour Code: The financial impact of the New Labour Code effective November 2025 on employee benefits is under assessment, and no adjustments are made in these results.
Investor Grievances
The company received 4 investor complaints during the quarter, of which 3 were resolved. One complaint was pending as of December 31, 2025.
Management Statement
The results were approved by the Board led by Shri Suresh Chandra Vishwanath, Chairman-cum-Managing Director. The performance reflects the prevailing market conditions for manganese ore.
About MOIL Limited
MOIL is a Schedule ‘A’ Miniratna public sector undertaking and India’s largest producer of manganese ore, operating 11 mines in Maharashtra and Madhya Pradesh. The company contributes about 45% of the country’s total manganese ore production.
For further information, please contact:
Neeraj Dutt Pandey
Company Secretary & Compliance Officer
MOIL Limited, MOIL Bhavan, Nagpur - 440 013
Email: compliance@moil.nic.in | Website: www.moil.nic.in