(THE NEWSMAN OF INDIA.COM)
The Board of Directors of MOIL approved financial results for the first quarter of FY’2024-25 in its meeting held on 30th July, 2024.

Continuing the upbeat performance of FY’24, the company has achieved record quarterly turnover and sales during Apr-Jun, 2024. Production of 4.70 lakh tonnes has been higher by 8% y-o-y, whereas sales at 4.53 lakh tonnes has been 15% higher y-o-y during the quarter.

On account of this increase in production and sales and also helped by market forces, the company has been able to achieve best ever quarterly revenue from operations of Rs. 492.84 crores and Profit before tax of Rs. 204.3 crores.

Ajit Kumar Saxena, CMD MOIL, mentioned that it was heartening to see MOIL team maintaining the momentum of high growth, breaking the myth of first quarter syndrome, surpassing the previous fourth quarter performance in turnover and sales.