MOIL's Q1 Net Profit Falls 48% To Rs 47 Crore

New Delhi: State-run MOIL on Monday reported a 48 per cent fall in standalone net profit at Rs 47.15 crore for the quarter ended June 30, due to lower offtake of manganese ore and selling price pressures. The manganese miner had clocked a net profit of Rs 89.88 crore in the year-ago period, it said in a BSE filing. Total standalone income rose marginally to Rs 183.53 crore in April-June quarter from Rs 182.78 crore during the same ...