MOIL Q1 FY27 profit jumps 70% as revenue rises 7% YoY

What MOIL reported for the April to June quarter

MOIL Ltd, a government-owned manganese ore miner, reported a sharp improvement in profitability for the first quarter of FY 2026-27. Net profit for Q1 rose 70% year-on-year to ₹87.62 crore, compared with ₹51.51 crore in the same quarter last year. The company also reported profit before tax (PBT) of ₹87.62 crore for the quarter, up from ₹51.51 crore a year ago.

The performance update was cleared by the company’s Board of Directors on July 29, 2026. In its press statement, MOIL said the quarter saw steady growth across production, sales volume, and overall profitability.

Revenue growth and the role of pricing

Revenue from operations increased 7% year-on-year to ₹370.88 crore in Q1 FY27, compared with ₹348.06 crore in Q1 FY26. Total revenue rose 6% to ₹391.13 crore versus ₹370.52 crore in the year-ago period.

A key operational indicator, net sales realisation, improved to ₹9,749 per metric tonne (MT). This was a 10% increase over ₹8,884 per MT in the corresponding previous quarter, indicating better pricing and/or product mix during the reported period.

Production and sales volumes: incremental gains

Operational numbers pointed to modest year-on-year growth. Manganese ore production stood at 507,605 MT for the quarter, up 1% from 502,260 MT in Q1 FY26. Manganese ore sales reached 369,049 MT, a 4% increase from 356,196 MT a year earlier.

MOIL has also separately reported provisional operational data that aligns with these volumes when expressed in rounded terms. Production was cited at about 5.08 lakh MT for April to June 2026, versus 5.02 lakh MT a year earlier, and sales were about 3.68 lakh MT compared with 3.56 lakh MT.

Segment performance: mining remained the profit engine

The mining products segment continued to drive results during the quarter. Segment results from mining products were reported at ₹87.18 crore, compared with ₹32.02 crore in the previous year’s quarter.

The company’s summary also highlighted that net profit rose to ₹87.62 crore and revenue from operations to ₹370.88 crore, underscoring that the quarter’s gains were largely reflected at the bottom line even as top-line growth was moderate.

Auditors’ notes: contingent liability and accounting suggestion

Statutory auditors highlighted a contingent liability linked to environmental violations at MOIL’s Tirodi Mine. The amount cited was ₹173.16 crore.

The auditors also recommended reclassification of certain exploration assets. The information disclosed did not quantify the impact on the quarter’s reported profit, but it is a reminder that regulatory and compliance-related matters can remain relevant even during periods of improved operational and financial performance.

Key numbers at a glance

Stock and market datapoints cited alongside the updates

Market snapshots cited in the provided material showed MOIL shares trading at different levels on different dates. One data point showed the stock at ₹270.50, up ₹1.50 (0.56%), alongside a 1-year return of -27.38%. Another update cited MOIL at ₹276.80 on the NSE, down 1.04%, with an intraday high of ₹280.90 and a low of ₹276.80.

The same snapshot stated the stock was 31.26% below its 52-week high of ₹405.10 and 14.75% above its 52-week low of ₹242.65. MOIL’s market capitalisation was cited at ₹5,666.05 crore as of July 7, 2026.

Why the quarter matters for investors tracking MOIL

The quarter combined modest volume growth with improved realisations, and that mix coincided with a large year-on-year jump in profit. Revenue rose in the mid-single digits, while net profit increased by about 70%, showing a significant expansion in profitability compared with the same quarter last year.

At the same time, disclosures around the Tirodi Mine contingent liability and the auditors’ recommendation on exploration asset classification highlight areas that investors often monitor alongside operating performance. These items sit outside day-to-day volume updates, but they can influence risk assessment and the quality of reported earnings.

What MOIL has said next

MOIL’s board approved the financial and operational results for Q1 FY 2026-27 on July 29, 2026. The company’s operational figures for the quarter have also been described as provisional in the provided material, and subject to standard internal reviews and formal statutory audits.

Conclusion

MOIL’s Q1 FY27 results showed a 70% rise in net profit to ₹87.62 crore, supported by higher realisations and a measured increase in production and sales. The next set of updates investors will watch are subsequent quarterly disclosures and any further clarity on the disclosed contingent liability and accounting reclassification comments.