MOIL Q2 net profit rises over 2-fold to Rs 61.52 crore Ajit Kumar Saxena, CMD of MOIL

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MOIL Q2 net profit rises over 2-fold to Rs 61.52 crore

MOIL posted an over two-fold growth in its net profit to Rs 61.52 crore for the September quarter, helped by higher income

PTI

Published:8th Nov, 2023 at 8:59 PM

New Delhi: State-owned MOIL on Wednesday posted an over two-fold growth in its net profit to Rs 61.52 crore for the September quarter, helped by higher income.

It had clocked Rs 27.34 crore net profit in the year-ago period, the company said in a regulatory filing.

Also read:MOIL ore production grows 45% to 9.26 lakh tonne in Apr-Oct 2023

Total income rose to Rs 368 crore, over Rs 256.82 crore in the same quarter a year ago.

The company's expenses stood at Rs 286.43 crore, as against Rs 229.82 crore in the year-ago quarter.

MOIL, under the Ministry of Steel, meets about 46 percent of the total requirement of dioxide ore in the country.

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MOIL Q2 net profit rises over 2-fold to Rs 61.52 crore

MOIL posted an over two-fold growth in its net profit to Rs 61.52 crore for the September quarter, helped by higher income

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