Sales of manganese ore rose by 15.5% to 1.64 lakh tonnes during the period under review from 1.42 lakh tonnes a year earlier.

On a cumulative basis for the first six months of FY27, production aggregated to 9.61 lakh tonnes (up 1.8% YoY) while sales added up to 7.78 lakh tonnes (up 9.6% YoY).

The company’s FY27 production target stands at 25.85 LT; production through September 2026 therefore represents approximately 37.2% of the full-year target.

MOIL is a mining enterprise primarily engaged in the exploration, extraction, and production of manganese ore, along with the manufacturing of Electrolytic Manganese Dioxide and Ferro Manganese. It is a Schedule “A” Miniratna Category – I Central public sector undertaking.

The company had reported 70.10% increase in net profit to Rs 87.62 crore on a 6.56% rise in revenue to Rs 370.88 crore in Q1 FY27 as compared with Q1 FY26.

The scrip fell 2.78% to end at Rs 232.25 on the BSE on Friday.