India's MOIL limited expects 70% net profit growth in the first quarter of fiscal year 2026-2027

Indian state-owned manganese mining company MOIL limited posted a net profit of INR 876.20 million ($9.15 million) in the first quarter (April-June) of fiscal year 2026-27, up 70 percent from the corresponding quarter of the previous fiscal year, the company reported on Thursday, July 30.

The company reported total revenue of INR 3.70 billion Rs. ($38.74 million) in the first quarter, up 6.55 percent.

It said operating efficiencies and a 10 percent improvement in manganese ore sales supported profitability despite a modest 1 percent rise in production.

I graduated from the University of Calcutta with a degree in economics and have three decades of experience reporting for leading print media covering key manufacturing industries such as metals and steel, energy (fossil and renewable), chemicals and petrochemicals, and mining (coal, bauxite, iron ore and copper). I work as a correspondent for SteelOrbis, covering the Indian steel industry, covering pricing and trading trends across the value chain, capacity creation and utilization, corporate developments, government policy frameworks and industry news.