MOIL lowers manganese ore prices by up to 10% from July 1

MOIL Ltd. has revised the prices of its manganese ore products for July, lowering prices across most grades by 5%, while announcing a 10% reduction for select manganese ore codes, according to an exchange filing.

The revised prices, effective from July 1, 2026, cover ferro-grade manganese ore, chemical grades, SMGR grades and fines as part of the company's monthly pricing exercise.

Under the revision, prices of all ferro grades of manganese ore with manganese content of 44% and above have been reduced by 5% from the levels prevailing since June 1. Similarly, prices of all ferro grades with manganese content below 44%, chemical grades, SMGR grades and fines have also been lowered by 5%.

The company has, however, kept prices unchanged for certain fines ore codes — BGF534, KDF393 and UKF532 — while reducing the price of the ferro-grade BG4584 by 10% for July.

MOIL also retained the basic price of Electrolytic Manganese Dioxide (EMD) at ₹1.80 lakh per metric tonne, while the price of EMD flakes has been maintained at ₹1.71 lakh per metric tonne.

The latest revision comes after the state-run miner reported a softer March quarter performance. For the quarter ended March 2026, net profit declined 20% year-on-year to ₹92.6 crore from ₹115.7 crore a year earlier.

Also Read: MOIL Q4 profit drops 20% despite slight rise in revenue; margins come under pressure

Revenue, however, increased 2.6% to ₹444.5 crore, while EBITDA remained largely flat at ₹139 crore compared with ₹140 crore in the corresponding quarter last year.

Operating margins also moderated during the quarter, with the EBITDA margin easing to 31.3% from 32.2% a year ago, indicating pressure on profitability despite stable operating performance.

As of 1:52 pm, shares of MOIL Ltd. were trading 0.5% higher at ₹279.50 on the NSE.