MOIL scales new heights in Apr-June, 2024

MOIL scaled new heights in sales in April-June, 2024 by achieving its best ever quarterly sales, with a remarkable growth of 14.5% y-o-y.

The entire organization aligned together to meet this enhanced market demand and the impact could be seen in record revenue also.

This performance was backed by record quarterly production, going up to a level of 4.70 lakh tonnes during April-June, 2024, registering a growth of 7.8% y-o-y.

MOIL has also continued its focus on exploration activities and carried out exploratory core drilling of 30,028 meters in Apr-June'25, which is higher by 49% y-o-y.

Shri Ajit Kumar Saxena, CMD MOIL, mentioned that it was heartening to see MOIL team continuing the stellar performance rhythm and breaking the myth of first quarter syndrome. He expressed confidence that the company will continue to maintain this momentum in the coming times.

Shares of MOIL Limited was last trading in BSE at Rs. 522.80 as compared to the previous close of Rs. 491.30. The total number of shares traded during the day was 343032 in over 9213 trades.

The stock hit an intraday high of Rs. 535.00 and intraday low of 505.00. The net turnover during the day was Rs. 180443668.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining BusinessUpdate Q1FY2025