MOIL achieves record turnover & sales in April-June, 2024

The Board of Directors of MOIL approved financial results for the first quarter of FY'2024-25 in its meeting held on 30th July, 2024.

Continuing the upbeat performance of FY'24, the company has achieved record quarterly turnover and sales during Apr-Jun, 2024. Production of 4.70 lakh tonnes has been higher by 8% y-o-y, whereas sales at 4.53 lakh tonnes has been 15% higher y-o-y during the quarter.

On account of this increase in production and sales and also helped by market forces, the company has been able to achieve best ever quarterly revenue from operations of Rs. 492.84 crores and Profit before tax of Rs. 204.3 crores.

Shri Ajit Kumar Saxena, CMD MOIL, mentioned that it was heartening to see MOIL team maintaining the momentum of high growth, breaking the myth of first quarter syndrome, surpassing the previous fourth quarter performance in turnover and sales.

Shares of MOIL Limited was last trading in BSE at Rs. 482.30 as compared to the previous close of Rs. 491.55. The total number of shares traded during the day was 134845 in over 3887 trades.

The stock hit an intraday high of Rs. 502.15 and intraday low of 481.00. The net turnover during the day was Rs. 66239637.00.

Source : Equity Bulls

Keywords

MOIL INE490G01020 Mining Q1FY25 ResultUpdate