MOIL shines bright

MOIL announced its production numbers for Q1FY25 and the market is thrilled as it went on to achieve record sales and production numbers for April-June 2024.

Posting its best ever quarterly sales, MOIL achieved a remarkable growth of 14.5% y-o-y. This performance was backed by record quarterly production, going up to a level of 4.70 lakh tonnes, up 8%.

The company MOIL has also continued its focus on exploration activities and carried out exploratory core drilling of 30,028 meters in Apr-June’25, which is higher by 49% y-o-y.  The company is optimistic and said that it will continue to maintain this momentum in the coming times.

The stock is among the top five gainers on the BSE currently; the stock opened 3% higher at Rs.505 and rose to an intraday high at Rs.535, up 9%.