MOIL Ltd., India's largest producer of manganese ore, has confirmed that it will announce its financial results for the fourth quarter and the full fiscal year ending March 31, 2026, on Thursday, April 30, 2026. Alongside the earnings report, the state-owned entity will also consider and recommend a final dividend for FY26, if applicable.
This announcement follows MOIL's recent outlining of an ambitious long-term production roadmap. The company aims to achieve a manganese ore output of 3.5 million tonnes (MT) by 2030. This expansion strategy is projected to significantly boost its market share from the current 20 percent to 32 percent within the same timeframe, coupled with plans to expand business operations into other states.
Analyst Outlook and Recent Performance
Brokerage firm Systematix Institutional Equities has maintained a 'Hold' rating on MOIL's stock, setting a 12-month target price of Rs 392. Investors will be closely watching the upcoming results for insights into the company's financial health and progress on its growth initiatives.
In the third quarter of FY26, MOIL reported a revenue of Rs 360 crore. This represented a 2 percent year-on-year (YoY) decline but a 3 percent quarter-on-quarter (QoQ) increase. The slight decline was primarily attributed to lower-than-expected realisations amid subdued demand during that period. The company's EBITDA margin for Q3 FY26 stood at 27 percent. Sales volume for the quarter reached 0.37 MT, a 3.6 percent YoY decrease but a 6 percent sequential rise.
Stock Performance Overview
Shares of MOIL closed 0.40 percent higher on Tuesday at Rs 322.35. Over the past month, the stock has seen a gain of 13.03 percent, reflecting investor interest ahead of the results and dividend consideration. Established in 1962 as Manganese Ore (India) Ltd., MOIL holds Miniratna status, signifying its strategic importance as a state-owned enterprise.