Nagpur: India’s leading manganese ore producer, MOIL Limited, a Schedule ‘A’ Miniratna public sector undertaking, announced its unaudited financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2025. The company also declared a second interim dividend of ₹3.53 per share, with the record date set for February 5, 2026, and payment scheduled for February 26, 2026.
Q3 FY26 Financial Highlights
For the quarter ended December 31, 2025, MOIL reported:
- Revenue from Operations: ₹359.91 crore (down 1.89% YoY)
- Net Profit: ₹52.92 crore (down 16.90% YoY)
- EBITDA (PBT): ₹69.91 crore (down 21.50% YoY)
- Earnings Per Share (EPS): ₹2.60 (down 16.93% YoY)
The slight decline in revenue and profit was attributed to market challenges in the manganese ore segment, according to the company.
Nine-Month Performance (Apr–Dec 2025)
For the nine months of FY26, MOIL achieved:
- Total Revenue: ₹1,125.67 crore
- Net Profit: ₹174.87 crore
- EPS: ₹8.59
The performance reflects prevailing market conditions and is lower compared to the corresponding period in FY25, when the company posted a net profit of ₹265.99 crore.
Read also: MOIL Limited to Announce Q3 FY26 Results and 2nd Interim Dividend on January 30, 2026
Segment-Wise Performance
MOIL’s segment-wise performance for Q3 FY26 highlights the dominant role of its mining products business, which generated ₹341.34 crore in revenue and ₹47.24 crore in segment profit, contributing 92.3% of the company’s total operational revenue. The manufactured products segment added ₹23.57 crore, accounting for 6.5% of revenue, while the power segment contributed ₹4.72 crore, or 1.3% of total revenue. This underscores that mining products continue to be the backbone of MOIL’s operations.
Dividend Declaration
The Board of Directors approved a second interim dividend of ₹3.53 per equity share (face value ₹10). Key details:
- Record Date: February 5, 2026
- Payment Date: February 26, 2026
This follows MOIL’s commitment to sharing profits with shareholders in line with its dividend policy.
Auditor Review and Key Observations
The statutory auditors, TACS & Co., Chartered Accountants, conducted a limited review and highlighted three points without modifying their opinion:
- Revenue from royalty and statutory contributions is recorded gross, following industry practice.
- Export transaction revenue as a Canalizing Agent is recorded gross, with only fixed margins earned.
- The financial impact of the New Labour Code, effective November 2025, is under assessment with no adjustments made in this quarter.
Investor Grievances
During Q3 FY26, MOIL received four investor complaints, resolving three. One complaint remained pending as of December 31, 2025.
Management Statement
The Q3 results were approved by the Board of Directors, led by Mr. Suresh Chandra Vishwanath, Chairman-cum-Managing Director. The management stated that the performance reflects the challenges and opportunities in the manganese ore market and emphasizes operational efficiency across segments.
About MOIL Limited
MOIL Limited is a Schedule ‘A’ Miniratna public sector undertaking and India’s largest producer of manganese ore, contributing approximately 45% of the country’s total manganese production. The company operates 11 mines across Maharashtra and Madhya Pradesh and focuses on mining, manufacturing, and power generation while delivering value to shareholders through consistent dividend policies.
Read also: MOIL Gets New CMD: Former SAIL Executive Vishwanath Suresh Appointed by ACC
