MOIL sales drop by 32% y-o-y in Q4 FY20

MOIL, India’s largest manganese ore producer, witnessed a drop in sales by 32% y-o-y and 14.16% q-o-q in Q4 FY20. Moreover, there was a 16% drop in the sales realization from INR 9,044/t in Q4FY19 to INR 7,584/t in Q4 FY20. Whereas, the turnover from 395Cr in Q4FY19 fell by 43% in Q4 FY20 to INR 225Cr.