MOIL’s net profit witness a sharp decline of 90% in Q4

MOIL- Manganese-ore Mining Company has released its financial performance for Q4. The company posted a net profit of INR 13.47 crores. The same was noted at INR 139.63 crores during the same quarter a year ago. The reduced profit is primarily due to the reduced income, which fell to INR 282.96 crore from INR 487.47 crore in the year-ago period.