No dividend has been recommended by the Board in the meeting
MOIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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MOIL Limited reported a revenue decline of 7.1% year-on-year, with revenue from operations falling to ₹1,47,284 lakhs from ₹1,58,494 lakhs in FY25. Net profit dropped significantly by 29.9% to ₹26,748 lakhs from ₹38,164 lakhs in the previous year. The Board did not recommend any dividend for shareholders. The auditor issued an Emphasis of Matter note highlighting several concerns: classification issues with joint venture investments (₹2,576 lakhs), a contingent environmental penalty of ₹1,731 lakhs at Tirodi Mine after Supreme Court stay was recalled, and low-grade inventory valuation uncertainties. Additionally, the company lacks the required number of Independent Directors on the Board, raising governance concerns.
The significant decline in profitability and absence of dividend may negatively impact investor sentiment. The auditor's Emphasis of Matter notes, governance issues, and environmental liabilities add to the concerns for shareholders.