MOIL Limited has informed the Exchange regarding a press release dated July 03, 2025, titled "MOIL scales new heights in Apr-June, 2025".
MOIL · price
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MOIL Limited has reported its highest-ever quarterly production since inception for April-June 2025 (Q1 FY26). The company produced 5.02 lakh tonnes of manganese ore in Q1, marking a 6.8% increase over the same period last year. June 2025 alone saw record production of 1.68 lakh tonnes, up 2% year-on-year. Additionally, the company achieved its best-ever Q1 exploratory core drilling at 34,900 meters, a 16.2% jump over the corresponding period last year. CMD Ajit Kumar Saxena attributed the results to strong fundamentals and a continued growth outlook.
Strong operational performance with multiple record-breaking metrics signals robust growth momentum, which is positive for shareholders. Sustained production growth and increased exploration activity indicate the company is well-positioned for future expansion, potentially supporting earnings growth and investor confidence.