Stories
MOIL's September Production Soars, Prices Hike 5% Amid Strong Q1 Growth
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CNBC TV18•03-10-2026, 14:13
MOIL's September Production Soars, Prices Hike 5% Amid Strong Q1 Growth
- •MOIL's provisional manganese ore production reached 1.81 lakh tonnes in September 2026, a significant increase from 1.52 lakh tonnes in the year-ago period.
- •Sales for September 2026 stood at 1.64 lakh tonnes, up from 1.42 lakh tonnes in September 2025, demonstrating robust market demand.
- •Cumulatively, MOIL's production for FY2026-27 hit 9.61 lakh tonnes, surpassing 9.44 lakh tonnes in the corresponding period of FY2025-26, with sales also rising.
- •The company announced a 5% price increase for all grades of manganese ore, effective October 1, 2026, following a similar hike for ferro grades in September.
- •MOIL reported a 70.1% year-on-year profit increase to ’87.6 crore in Q1 FY27, with revenue up 6.6% to ’370.9 crore and EBITDA soaring 72.3% to ’135.8 crore.
Key Questions Answered
MOIL reported a provisional manganese ore production of 1.81 lakh tonnes in September 2026, which is an increase from the 1.52 lakh tonnes produced in the year-ago period.
MOIL announced a 5% increase in manganese ore prices across all grades for October 2026, which became effective from midnight on September 30/October 1.
In Q1 FY27, MOIL reported a 70.1% year-on-year increase in profit to ₹87.6 crore, with revenue from operations rising 6.6% to ₹370.9 crore.
