MOIL Reports December Quarter Results Amidst Declining Profitability and Improved Liquidity

MOIL, a midcap player in the Mining & Minerals industry, has recently reported its financial results for the quarter ending December 2024. The evaluation changes reflect a notable shift in its score, moving to -5 from -10 over the past three months.
The financial data indicates that MOIL's cash and cash equivalents have reached their highest level in the last six half-yearly periods, totaling Rs 1,007.34 crore, suggesting an improvement in short-term liquidity. However, the company faces challenges as its Profit Before Tax (PBT) has shown a decline, recorded at Rs 56.35 crore, which is 37.5% lower than the average PBT of the previous four quarters. Similarly, the Profit After Tax (PAT) stands at Rs 63.68 crore, reflecting a decrease of 26.7% compared to the average PAT of the last four quarters.

Additionally, a significant portion of MOIL's income is derived from non-operating activities, which accounted for 36.72% of PBT, raising concerns about the sustainability of this income source.

For more insights, you can Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.