MOIL Shares Rose Over 4% After Reporting Best Ever Performance in Q3FY25

On January 3, 2025, MOIL shares rose over 4% in the morning trade and touched the day high of ₹359.35 at 09:20 AM after opening at ₹350.05. The increase in MOIL share price followed the release of its Q3FY25 business update, whereby the largest manganese ore producer in the country MOIL recorded its best-ever performance for the Q3 (October-December 2024).

The Q3FY25 performance includes several key milestones, such as the highest-ever Q3 production of manganese ore, reaching 4.6 lakh tonnes. Additionally, the company recorded its best-ever Q3 sales of 3.88 lakh tonnes, marking a 13% increase compared to the corresponding period of the previous year (CPLY).

MOIL Performance For 9M FY25

For the period from April to December 2024, MOIL has also registered notable achievements. The production during this period reached 13.3 lakh tonnes, reflecting a 4.5% increase over the CPLY. Similarly, the sales during the same period amounted to 11.39 lakh tonnes, showing a 3.5% growth compared to the previous year. Furthermore, the company completed exploratory core drilling of 72,340 meters, which represents a 19% increase over the CPLY.

With these record-breaking performances, MOIL is well-positioned to surpass its best-ever Q3 revenue, further strengthening its performance for the year.

Shri Ajit Kumar Saxena, CMD, MOIL expressed satisfaction over the performance and was confident that the company will maintain the growth momentum.

Increase in Manganese Ore Price

As per the exchange filing, MOIL has revised the prices of various grades of Manganese Ore and other products, effective from January 1, 2025.

• The prices of all Ferro grades of manganese ore with a manganese content of Mn-44% and above have been increased by 1% compared to the prices prevailing since December 1, 2024. This change will take effect from midnight of December 31, 2024, to January 1, 2025, for the month of January 2025.
• The prices of all other Ferro grades of manganese ore with a manganese content below Mn-44% have been increased by 5%, effective from the same time period, i.e., midnight of December 31, 2024, to January 1, 2025, for January 2025.
• The prices of all SMGR (Mn-30%, Mn-25%, and Mn-20%) and Fines grades have also been raised by 5%, effective from the midnight of December 31, 2024, to January 1, 2025, for January 2025.
• The prices of certain grades of SMGR, including SMGR SMH, CHS578, CHL442, TDL499, and GML464, which were set on December 1, 2024, have been maintained. These prices will continue from midnight of December 31, 2024, to January 1, 2025, for January 2025.
• Additionally, the prices of all Chemical grades have been increased by 7.5%, effective from the midnight of December 31, 2024, to January 1, 2025, for January 2025.
• Lastly, the basic price of ₹205,000 per metric tonne (PMT) for EMD has been continued for January 2025.

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