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MOIL Q4 PAT spurts to Rs 116 cr


MOIL reported net profit of Rs 116 crore in Q4 FY21, steeply higher compared with 13.47 crore in Q4 FY20.Net sales grew 81% to Rs 450.14 crore in Q4 FY21 as against Rs 248.66 crore in Q4 FY20. Profit before tax stood at Rs 159.37 crore in Q4 FY21, steeply higher than Rs 21.62 crore in Q4 FY20.
The PSU company posted 14.1% decline in net profit of Rs 213.13 crore for the year ended March 2021 (FY21) compared with net profit of Rs 248.22 crore in the year ended March 2020 (FY20). Net sales jumped 13.4% to Rs 1,177.38 crore in FY21 over FY20.
The board recommended final dividend of Rs 4.90 per equity share for the Financial Year ended March 2021. ....

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