Shares of state-run MOIL Ltd., India's largest producer of manganese ore, reported its results for the second quarter, driven by strong operational efficiency and sales growth.

Net profit for the company increased by 41% from last year to ₹70.4 crore, while its revenue grew 19.2% year-on-year to ₹348 crore from ₹291.9 crore last year.

MOIL's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew 25.7% on a year-on-year basis to ₹99.5 crore. EBITDA margin increased by 150 basis points from 28.6% from 27.1% last year.

In its business update shared earlier, MOIL achieved its best-ever production for the month of October since its inception, reporting an output of 1.60 lakh tonnes of manganese ore. This marked a year-on-year increase of 9.1% compared to the corresponding

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