MOIL Limited has informed the Exchange regarding 'Financial Results in searchable form'.
MOIL · price
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MOIL Limited reported a sharp year-on-year decline in Q1 FY26 results. Revenue from operations fell to ₹34,806 lakhs from ₹49,284 lakhs in Q1 FY25, a drop of about 29%. Total income slipped to ₹37,052 lakhs versus ₹51,991 lakhs. Net profit collapsed to ₹5,151 lakhs from ₹15,235 lakhs, down roughly 66%, and EPS dropped to ₹2.53 from ₹7.49. The mining products segment was the main drag, with its segment profit falling from ₹17,085 lakhs to ₹3,202 lakhs. The statutory auditor (TACS & Co.) issued an unmodified review report but included an 'Other Matter' paragraph flagging that revenue includes Royalty, DMF and NMET amounts collected on behalf of third parties, which under Ind AS 115 should ideally be shown on a net basis — the company is following industry practice on this.
Weak quarter for shareholders — significant top-line and profit decline, mainly in the core mining segment, signals pressure on realisations or volumes. The auditor's Ind AS 115 observation is a known industry practice and not a qualification, but investors should watch whether the company changes its disclosure approach going forward.