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MOIL slumps 7% on muted March quarter performance

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₹13.47 crore in Q4FY20.The company had posted a net profit of ₹139.63 crore during the same quarter a year ago, MOIL said in a stock exchange filing.At 02:25 pm, MOIL traded at ₹153.35, down 3.28% from its previous close, while the Sensex rose 0.21% to 34280.14.Total income during the quarter under review fell 41.95% to ₹282.96 crore from ₹487.47 crore in the year-ago period.

Total expenses declined 10.95% to ₹261.34 crore compared with ₹293.48 crore in same quarter last fiscal.Analysts at Emkay Global Financial said, "MOIL's net smelter return (NSR) dropped by 17% on a YoY basis, but was up 12% on a sequential basis due to strong start of the quarter, which was later impacted by the pandemic.

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