MOIL Q4 Result Update - Consolidated Financials: Anand Rathi
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Anand Rathi Report
MOIL Ltd. being India's largest manganese ore producer, accounts for about 48% (2019-20) of the country's production.
With about 90 million tonnes of reserves and resources of manganese ore, it is well positioned quantity wise to capitalize on India's steel demand growth, given its dominant position, medium- to high-grade ore, centrally located mines and strong and expanding customer base.
MOIL Ltd. reported revenue of ₹4,501 million in Q4 FY21 as compared to ₹2,487 million in Q4 FY20, a growth of 81% year-on-year.
High growth rate was primarily on account of better volume of manganese ore and core product non fines ore.
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