MOIL announced Q3FY23 results:
- Q3FY23 vs Q2FY23:
- Profit after tax (PAT) at Rs 39.52 crore was higher by 45% than the second quarter of FY23. The company has produced 3.37 lakh tonnes as against 2.41 lakh tonnes of manganese registering growth of 40% during the same period.
- Sales of manganese ore also increased by 44% from 2.06 to 2.97 lakh tonnes in comparison to the second quarter of FY23.
- Revenue from operations has shown improvements of 28% from Rs 236 crore to Rs 302 crore during the same period.
- The production has increased by 5% from 8.57 to 9 lakh tonnes despite the extended rainy season up to the beginning of the third quarter.
- MOIL Board has also declared an interim dividend of Rs 3 per share for FY23 on the face value of Rs 10 each, amounting to a total of Rs 61.05 crore.