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MOIL Ltd Q1FY24; 16% fall in Profits

MOIL Ltd is primarily engaged in mining of manganese ore and is the largest manganese ore producer in the country. It is a miniratna state-owned company owned by Govt. of India.

Financial Results:

MOIL Ltd reported Revenues for Q1FY24 of ₹380.00 Crores up from ₹376.00 Crore year on year, a rise of 1.06%.

Total Expenses for Q1FY24 of ₹289.00 Crores up from ₹254.00 Crores year on year, a rise of 13.78%.

Consolidated Net Profit of ₹87.00 Crores down 15.53% from ₹103.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.25, down 15.84% from ₹5.05 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: ManganeseOre
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