India’s leading manganese company MOIL, formely The Manganese Ore India Ltd, has reported a 305 % increase in its net profit to INR 245.91 crore in the first three quarters of 2021-22 against the net profit of INR 60.59 crore in the previous year, as its revenue from operations increased to INR 968.41 crore as against INR 727.26 crore during the corresponding period last year. The company also registered a growth of 16% in production as production of manganese ore increased from 0.741 million tonnes to 0.857 million tonnes during this period.The company has achieved the highest Q3 turnover and total income in the last four financial years. The net profit of the company at INR 123.88 crore is the highest quarterly profit since FY2019-20.
India’s leading manganese company MOIL, formely The Manganese Ore India Ltd, has reported a 305 % increase in its net profit to INR 245.91 crore in the first three quarters of 2021-22 against the net profit of INR 60.59 crore in the previous year, as its revenue from operations increased to INR 968.41 crore as against INR 727.26 crore during the corresponding period last year. The company also registered a growth of 16% in production as production of manganese ore increased from 0.741 million tonnes to 0.857 million tonnes during this period.The company has achieved the highest Q3 turnover and total income in the last four financial years. The net profit of the company at INR 123.88 crore is the highest quarterly profit since FY2019-20.
