MOIL share price jumped 11% on Friday, May 2, after the largest government-run manganese ore producer announced its Q4 results. MOIL shares jumped 11.77% to ₹354.95 per share on the BSE.
MOIL, a ‘Miniratna’ public sector undertaking (PSU) under the Ministry of Steel, reported a consolidated net profit of ₹115.7 crore in Q4 FY25, registering a growth of 27% from ₹91.1 crore in the corresponding quarter of the previous year.
The company’s operating revenue grew 4.2% to ₹433.4 crore from ₹415.9 crore in Q4 FY25, year-on-year (YoY).
At the operational level, EBITDA during the March quarter grew 8.7% year-on-year to ₹139.4 crore, while EBITDA margin expanded to 32.2% from 30.9% in the same period a year ago. The board of directors of MOIL has also recommended a final dividend of ₹1.61 per equity share of ₹10 face value for FY25.
Should you buy MOIL shares after Q4 results?
MOIL share price has seen a significant rise in the short to medium term, gaining over 6% in the last month and rallying 14% in the last three months. On a year-to-date (YTD) basis, the stock is up 2%, although it has been down 20% in the last one year.
However, from a long-term perspective, MOIL share price has delivered strong returns. The PSU stock has posted a stupendous gain of 120% in the last two years and 170% in the last five years. After a sharp decline of 51% in less than 20 weeks, MOIL share price has been trading sideways in a broad range of ₹360 – ₹280 for the last 28 weeks, with low volumes, said Anshul Jain, head of research at Laxmisree Investments.
“Today’s rally in MOIL shares has generated significant interest, with volumes being 400% higher than the 50-day average. The stock is approaching the neckline of the pattern at ₹360. A break and sustain above this level would confirm a breakout, initially targeting the 50% retracement of the decline at ₹428,” Jain said. At 11:05 am, MOIL shares were trading 9.49% higher at ₹347.70 on the BSE.
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