Introduction:
Miniratna company has reported its best-ever Q3 performance in October-December 2024, achieving record production and sales of manganese ore. The company also recorded significant growth in production, sales, and exploratory drilling during the April-December period.
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Share price movement of MOIL:
On January 3, 2025, MOIL Ltd. opened at ₹350.05, up 3.53% from its previous close of ₹338.10. The stock reached a high of ₹359.35 (6.31%) and a low of ₹348.05. By 12:27 PM, it traded at ₹348.85, a 3.18% increase, with a market cap of ₹7,098.58 crore.
MOIL Reports Record Production and Sales:
MOIL has reported its best-ever Q3 performance for the period October-December 2024, achieving record production of 4.6 lakh tonnes of manganese ore and sales of 3.88 lakh tonnes, marking a 13% increase over the previous year.
In the April-December 2024 period, MOIL’s production reached 13.3 lakh tonnes, a 4.5% increase, while sales grew by 3.5% to 11.39 lakh tonnes. The company also achieved a 19% rise in exploratory core drilling, reaching 72,340 meters.
Recent news on MOIL:
As of December 4, 2024, MOIL Limited achieved its best-ever November production and sales, with 1.63 lakh tonnes produced and 1.33 lakh tonnes sold. The company also surpassed ₹1,000 crore turnover within the first eight months of FY’25.
Stock performance of MOIL for Period of 1 week, 6 months and 1 year:
MOIL Ltd’s stock has seen a 2.98% increase over the past week. However, its 6-month performance shows a decline of 37.6%, while it has gained 7.55% over the past year, reflecting mixed short-term and positive long-term performance.
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Shareholding pattern of MOIL:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 64.70% | 64.70% | 64.70% |
| FII | 4.90% | 3.50% | 2.40% |
| DII | 7.90% | 10% | 12.40% |
| Public | 22.50% | 21.80% | 21% |
About MOIL:
MOIL Limited (NSE: MOIL) is India’s largest producer and seller of manganese ore. The company operates mines in Maharashtra and Madhya Pradesh and is also involved in exploration, development, and renewable energy through wind farms.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
