MOIL Limited has informed the Exchange about Transcript
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MOIL has filed the transcript of its Investors' and Analysts' Meet held on March 17, 2026. The company highlighted that FY24-25 was its best year with production of 1.8 million tonnes, sales of 1.6 million tonnes, and total income of INR1,696 crores. For 9M FY25-26, revenue fell to INR1,056 crores (from INR1,152 crores) and profit after tax dropped to INR175 crores (from INR266 crores) due to lower net sales realisation, which is market-driven. Management reiterated its growth roadmap of reaching 3.5 million tonnes production by 2030 (up from 1.8 million tonnes currently), with FY27 target of 25 lakh tonnes, backed by capex of around INR600 crores this year (INR325 crores domestic + INR275 crores for overseas acquisitions) and ~INR800 crores next year. Management also discussed cost reduction plans (cost of production expected to fall from INR5,500 to ~INR5,300/tonne), new shaft projects worth INR664 crores, and two JV formations in Gujarat and Madhya Pradesh with DIPAM and NITI Aayog approvals in place.
The transcript provides investors with detailed forward-looking guidance on production targets, capex commitments, and cost trajectory, which should help refine earnings models. However, the downward revision of FY26 production to 19-20 lakh tonnes (from earlier 23.5 lakh tonnes target) and weaker 9M financials may temper near-term sentiment, even as long-term growth story remains intact.