Manganese Ore India Q1 Results: Profit Declines 15.77%
Manganese Ore India Ltd. reported a fall in net profit in the first quarter of FY24.
The manganese producer's profit decreased 15.77% to Rs 86.5 crore in the June quarter, as compared with Rs 102.8 crore in the year-ago period, according to an exchange filing on Friday.
MOIL Q1 FY24 (Consolidated, YoY)
Revenue rises 1.09% to Rs 379.91 crore versus Rs 375.5 crore.
Net profit down 15.77% at Rs 86.57 crore versus Rs 102.8 crore.
Ebitda declines 16.40% to Rs 123.7 crore versus Rs 147.9 crore.
Ebitda margin at 32.58% versus 39.40%.
Shares of the company closed 6.56% higher at Rs 207.80 apiece, as compared with a 0.70% gain in the NSE Nifty 50 on Friday.
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