MOIL Q4 Result Update - Consolidated Financials: Anand Rathi

Manganese ore falls from a conveyor to a stockpile. (Photographer: Ian Waldie/Bloomberg)

MOIL Q4 Result Update - Consolidated Financials: Anand Rathi

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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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Anand Rathi Moil Q4FY21 Result Update.pdf

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