MOIL Limited Announces 27% Profit Increase in Q4 and ₹1.61 Dividend; Shares Surge 12%
Dividend: Shares of the Miniratna PSU, MOIL Limited, saw a nearly 12% surge on the BSE on Friday, reaching an intra-day high of ₹354.95. This increase followed the company's announcement of its January-March 2025 quarterly results and dividend declaration.
MOIL Limited, a Miniratna PSU under the Ministry of Steel, declared a 16% dividend on each share with a face value of ₹10, equivalent to a payout of ₹1.61. The company's primary activity is manganese ore mining, and it is the largest producer of manganese ore in the country.
A Glimpse into MOIL's Dividend History
MOIL also paid an interim dividend of ₹4.02 to its shareholders in February of this year. Additionally, the company declared a final dividend of ₹2.55 in August 2024, an interim dividend of ₹3.50 in February 2024, a final dividend of ₹0.69 in September 2023, and an interim dividend of ₹3.00 in February 2023.
MOIL's Quarterly Results
During the March 2025 quarter, MOIL's net profit increased by 27% year-on-year to ₹115.65 crore, compared to ₹91.14 crore in the same quarter of the previous year. The company's total revenue reached ₹458.20 crore, up from ₹439.85 crore in the previous year. For the entire fiscal year 2025, MOIL's net profit rose by 30% to ₹381.63 crore, compared to ₹293.34 crore in FY 2023-24.
MOIL Share Price Movement
While MOIL's shares have declined by 22% over the past year, this PSU stock has delivered multibagger returns over the past two years, more than doubling investors' capital. MOIL currently has a market capitalization of ₹6,461 crore.
MOIL Stock: A Good Investment Opportunity?
MOIL's b results and dividend announcements have made it attractive to investors. This stock has provided excellent returns to investors in the long term, and further b performance is anticipated in the future. If you are looking for a good dividend stock, MOIL should definitely be on your list.
