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MOIL Q2 FY25 profit surges 41% to ₹70.4 crore on stronger manganese sales
MOIL’s Q2 FY25 profit climbed 41 % to ₹70.
MOIL Ltd recorded a net profit of ₹70.4 crore for Q2 FY25, up 41 % from ₹49.9 crore last year, supported by improved manganese ore realizations and steady export volumes. Revenue grew 11 % to ₹447 crore, helped by higher production and cost control measures. EBITDA margin expanded by 120 basis points as domestic steel demand remained robust.
The company announced plans to enhance mining capacity through automation and sustainability projects over the next two years. Management expects stronger commodity demand to support earnings momentum into FY26.