MOIL Limited – FY2026 Audited Financial Results (Announced 29 Apr 2026)

Key Financial Highlights

• Total Income (FY): ₹156,588.26 lakhs (‑7.7% YoY)
• Net Profit (FY): ₹26,747.97 lakhs (‑30% YoY)
• Earnings per Share: ₹13.14 (down from ₹18.76)
• Comprehensive Income: ₹21,256.84 lakhs (‑33% YoY)
• Dividend: Not recommended by the Board.
• Cash & Cash Equivalents: Closing balance ₹512.43 lakhs (up from ₹281.04 lakhs).
• Operating Cash Flow: Negative ₹18.04 lakhs (essentially breakeven).
• Investing Cash Flow: Outflow ₹1,396.87 lakhs (mainly capital expenditures).
• Financing Cash Flow: Outflow ₹14,097.54 lakhs (dividend payout).

Segment Performance

Segment	FY Revenue (₹ lakhs)	FY Profit before Tax (₹ lakhs)
Mining Products	139,629.15	21,757.50
Manufactured Products	9,131.87	1,694.80
Power	2,051.44	1,027.27
Total	150,812.46	24,479.57

Mining remains the dominant revenue driver, contributing ~92% of total sales.

Balance Sheet Snapshot

• Total Assets: ₹320,567.39 lakhs (slightly down).
• Equity: ₹270,924.81 lakhs (↑ 2.7%).
• Total Liabilities: ₹49,642.58 lakhs (↓ 13.5%).
• Debt: No long‑term borrowings reported; current liabilities are mainly trade payables.

Risks & Contingencies

1. Environmental Penalty – A pending liability of ₹1,731.63 lakhs for EC violations at Tirodi Mine; a provision of ₹519.60 lakhs is now required, with the remainder to be disclosed as contingent.
2. Accounting Classification Issues – Several JV exploration expenditures have been mis‑classified, which may lead to restatements.
3. Cash Flow Weakness – Operating cash generation is negligible, raising concerns about liquidity if cash‑intensive projects continue.
4. No Dividend – Reduces immediate shareholder returns.

Opportunities

• JV Exploration Projects – If the proposed joint ventures (GMDC, MPSMCL, CMDC) materialise, they could add new mineral assets and future revenue streams.
• Strong Equity Base – Lower leverage provides flexibility for future financing or strategic acquisitions.

Management Commentary (Implied)

The Board approved the audited results but chose not to recommend a dividend, signalling a focus on preserving cash for operational needs and potential capital projects. The company is addressing environmental compliance issues and is reviewing the classification of JV-related expenditures.

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Prepared for investors on 29 Apr 2026 based on MOIL Limited’s audited FY2026 results.