MOIL Limited — Interim / Quarterly Report 2023

Jan 31, 2023

MOIL LIMITED

(A Government of India Enterprise) Regd. Off.: MOIL Bhawan, 1A Katol Road, NAGPUR – 440 013

Website:www.moil.nic.in, E-Mail ID: compliance@moil.nic.in, Ph.: 0712- 2806182, Fax: 0712-2591661, CIN: 99999MH1962GOI012398

CS/NSE-BSE/2021-22/ Date: 31.01.2023

To, The GM (Listing), National Stock Exchange of India Ltd, Exchange Plaza, Plot No.C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400053

To, Listing Department Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001

Sub : Un-audited Financial Results for the quarter ended on 31/12/2022 and declaration of Interim Dividend. Stock Code: NSE: MOIL BSE: 533286 ISIN: INE490G01020

Dear Sir,

This is further to our letter no. CS/NSE-BSE/2022-23/267 dated 23.01.2023. In this regard, it is to inform that the Board of Directors of the Company in their meeting held today has:

1. Approved the Un-audited Financial results of the Company for the quarter and nine months ended on 31st December, 2022. We are attaching herewith a copy of the approved results along with the Limited Review Report of the Auditors.

We are also arranging publication of results in newspapers, as per SEBI (LODR) Regulations 2015.

1. Declared interim dividend Rs. 3.00 per equity share of face value Rs.10 each for the financial year ending on 31st March, 2023.

As earlier informed to the exchange the Record date for the purpose of payment of dividend is 08.02.2023. The date of payment of interim dividend for the financial year 2022-23 shall be 28.02.2023.

Meeting Started: 10:00 hrs. Meeting Ended: 14.30 hrs.

Yours faithfully,

For MOIL Limited

NEERAJ DUTT PANDEY Digitally signed by NEERAJ DUTT PANDEY DN: c=IN, postalCode=440030, st=MAHARASHTRA, l=NAGPUR, o=Personal, serialNumber=8fb6facb083b630969bd66d15668143 15b76a18b3d630955a816d5d37371a6b0, pseudonym=186520210922140147111, 5b73052176fbfec2bd38b291d1eb, email=NEERAJDP_ACS@REDIFFMAIL.COM, cn=NEERAJ DUTT PANDEY, title=1865 Date: 2023.01.31 14:34:40 +05'30'

(Neeraj Dutt Pandey) Company Secretary cum Compliance Officer Encl.: As above

MOIL LIMITED

CIN: L99999ME1962GOI012398

Statement of un-audited financial results for the quarter and nine months ended 31st December, 2022

	salchicht of an auulten Mhanchai i csaits for the quarter-ama mine monthis chaea s is(₹ in lakhs)
Sr.No.	Particulars		For quarter ended		For the nine monthsended		For thefinancialyear ended
		31.12.2022	30.09.2022	31.12.2021	31.12.2022	31.12.2021	31.03.2022
		Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
$\mathbf{1}$	(a) Revenue from operations	30200.24	23599.39	36335.93	91358.26	96841.47	143630.44
	(b) Other income	2085.77	2082.69	2786.49	5687.95	7107.81	7926.31
	Total income	32286.01	25682.08	39122.42	97046.21	103949.28	151556.75
$\mathbf{z}$	Expenses
	(a) Cost of materials consumed(b) Purchase of stock-in-trade	541.06	550.88	453.54	1666.71	1150.43	1573.51
	(c) Changes in inventories of finished goods, stock in trade and work-in-process	0.00$-926.45$	0.00$-4231.76$	0.00$-1941.00$	0.00$-8025.77$	0.00156.09	0.001453.94
	(d) Employee benefits expense	13358.02	14941.63	11100.99	43017.28	33970.51	44304.09
	(e) Finance costs	0.00	0.00	0.00	0.00	0.00	73.61
	Depreciation and amortisation expense(f)	3009.43	2708.39	2640.49	8286.97	7513.82	10311.39
	Other expenses(g)	11692.84	9013.77	10466.69	31041.21	28814.68	42152.72
	Total expenses	27674.90	22982.91	22720.71	75986.40	71605.53	99869.26
3	$[1 - 2]$Profit/ (loss) before exceptional items and tax	4611.11	2699.17	16401.71	21059.81	32343.75	51687.49
$\overline{4}$	Exceptional items	0.00	$-281.66$	0.00	$-281.66$	0.00	$-641.78$
5	Profit/ (loss) before tax$[3 - 4]$	4611.11	2980.83	16401.71	21341.47	32343.75	52329.27
6	Tax expense
	(a) Current tax	719.410.00	963.91$-127.64$	4111.460.00	5321.12$-127.64$	8281.180.00	13773.311128.49
	(b) Earlier year tax(b) Deferred tax	$-59.82$	$-590.06$	$-98.08$	$-816.26$	$-528.88$	$-271.02$
	Total tax expense	659.59	246.21	4013.38	4377.22	7752.30	14630.78
	$[5 - 6]$	3951.52	2734.62	12388.33	16964.25	24591.45	37698.49
7	Net profit/ (loss) for the period from continuing operation
8	Extraordinary items (Net of tax expense)	0.00	0.00	0.00	0.00	0.00	0.00
	$[7 - 8]$9 Net profit/ (loss) for the period	3951.52	2734.62	12388.33	16964.25	24591.45	37698.49
	10 Other comprehensive income
	A (i) Items that will not be reclassified to profit or loss	$-383.71$	$-333.65$	$-311.73$	$-1054.31$	$-937.23$	$-2961.79$
	(ii) Income tax relating to items that will not be reclassified to profit or loss	$-432.07$	86.42	$-78.03$	$-259.24$	$-234.08$	743.17
	B (i) Items that will be reclassified to profit or loss	0.00	0.00	0.00	0.00	0.00	0.00
	(ii) Income tax relating to items that will be reclassified to profit or loss	0.00	0.00	0.00	0.00	0.00	0.00
	Other comprehensive income for the period (net of tax)	$-815.78$	$-247.23$	$-389.76$	$-1313.55$	$-1171.31$	$-2218.62$
	$[9 + 10]$11 Total Comprehensive Income for the period after taxes	3135.74	2487.39	11998.57	15650.70	23420.14	35479.87
	12 Paid-up equity share capital (Face value of share $\bar{\tau}$ 10 each)	20348.52	20348.52	23732.79	20348.52	23732.79	20348.52
	13 Other equity						193802.68
	14 Earnings per share from continuing operation
	(a) Basic ( $\bar{\tau}$ 10 each)	1.94	1.34	5.22	8.34	10.36	16.15

LIM NAGPUR

$*$ JO NAG $DA($

MOIL LIMITED

Segment-wise revenue, results for the quarter and nine months ended 31st December, 2022 and assets and liabilities as on that date.

Segment-wise revenue, results for the quarter and nine months ended 31st December, 2022 and assets and liabilities as on that date.2
Sr.No.	Particulars	For quarter ended			For the nine monthsended		(~ in lakhs)For the1financialyear ended
			31.12.2022 30.09.2022 31.12.2021 31.12.2022 31.12.2021				31.03.2022
			Unaudited Unaudited Unaudited Unaudited Unaudited				Audited
	1 Segment revenue(a) Mining products(b) Manufactured products(c) Power	28094.292492.94439.42	22339.411836.00518.34	33718.703005.04322.94	85033.397569.661728.40	89539.448195.221444.45	132076.5212764.851900.02
	Sub-total	31026.65	24693.75	37046.68	94331.45	99179.11	146741.39
	( ·) Inter-segment revenueSales/income from operations	826.4130200.24	1094.3623599.39	710.7536335.93	2973.1991358.26	2337.6496841.47	3110.95143630.44
	2 Segment results (Profit/(·)loss before exceptional items, tax and Interest)
	(a) Mining products(b) Manufactured products(c) Power	2010.62267.77246.95	213.4183.99319.08	12325.861164.41124.95	12894.571350.381126.91	21506.352879.67849.92	37932.494813.981088.32
	Sub-total	2525.34	616.48	13615.22	15371.86	25235.94	43834.79
	(.) Finance cost	0.00	0.00	0.00	0.00	0.00	73.61
	( +) Other unallocable income (net of unallocable expenditure)Profit from ordinary activilits befort uceptional ittms and tu	2085.774611.11	2082.692699.17	2786.4916401.71	5687.9521059.81	7107.8132343.75	7926.3151687.49
	3 Segment assets(a) Mining products(b) Manufactured products(c) Power(d) Unallocated	115720.235459.797513.27134613.88	113551.435083.177135.80137052.29	96051.974405.847552.40246330.19	115720.235459.797513.27134613.88	96051.974405.847552.40246330.19	101694.323783.277407.91145089.82
	Total		263307.17 262822.69 354340.40 263307.17 354340.40				257975.32
	4 Segment liabilities(a) Mining products(b) Manufactured products(c) Power(d) UnallocatedTotal	17034.231608.231042.6219924.7439609.82	20146.082163.421049.6418901.9642261.10	37046.011712.441078.7521072.3760909.57	17034.231608.231042.6219924.7439609.82	37046.011712.441078.7521072.3760909.57	19176.11816.911128.4622702.6443824.12
	Notes:(I) The above results, reviewed by the Audit Committee, have been approved by the Board of Directors in its meeting held on 3 1st January,2023 and have beenreviewed by Statutory Auditors of the company as required under Regulation 33 of Securities and Exchange Board of India (Listing Obligation and DisclosureRequirements) Regulations,20 15.
	(2) The Board has approved an interim dividend of 't 3.00 per equity share the financial year 2022-23.
	(3) Information about investor complaints for the quarter : Opening· Nil, received during the quarter- I, resolved during the quarter· I and pending as at 3 1.12.2022 .Nil.
	(4) Exceptional item includes write back of liability created earlier due to arbitration awarded but not claimed since FY 1995-96.
	(5) Previous period's figures have been regrouped/reclassi tied, wherever necessary to make them comparable. The figures for the quarter ended 3 I st
	December,20221202 1 are balancing figures between the unaudited figures of nine months and revj ewed fi~ures upto }Qth Septefl}Qer,2022/2021 .
	'iev e.!) o dl.:t(_ •db JoW& (;,.,lFor MOIL Limited,rrF~r'M/s
	vS';-\lJtt/:-.0 (-:)--=.! 0 ! -, NPGPUR NAGPUR ~} \·. *<br>'.1-AjltKu	Chartered AccountantsFirm's Registration Number: 043 7W'1~
	-Chairman-cum-Managing Director~~· ,.'	CA M>ka~.,Partner

Chairman-cum-Managing Director ~ ~ -

Place : New Delhi Date : 31st January,2023

~~· ,.' Partner DIN: 08588419 * ~~ Membership Number: 047196 ~ u' N ; 9-. 3C -'t-71 <;j (, gt, wit-¥-r. ~::1 ~ ~

JODH JOSHI AND CO. CHARTERED ACCOUNTANTS

LIMITED REVIEW REPORT

To The Board of Directors Moil Limited. Nagpur

1. We have reviewed the accompanying statement of unaudited standalone financial results of Moil limited ("the company") for the quarter ended 3Pt December 2022 ("the statement"), being submitted by the company pursuant to the requirements of regulation 33 of SEBI (Listing Obligations & Disclosures Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

2. This statement is the responsibility of the Company's Management and approved by the Board of Directors of the company, has been prepared in accordance with recognition and measurement principles laid down in Indian Accounting Standard 34-lnterim Financial Reporting ("lnd AS 34") prescribed under Section 133 of Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provi _ - Sl ~··,., assurance than an audit. We have not performed an audit and accordingly, we do no "!:- ress ·./):\ *· J*NAOOJR ·. 1 an audit opinion. 1;_ • ~ · : ~~~ /

..., -""" , , ··.·: ' ' ·lj[.r'i''..· -----

Head Office : 1st Floor, JP House, Ravinagar Square, Nagpur · 440010, 'lr : 0712-2522284 Branch: 3, Giriraj Heights, Patil Lane No.3, College Road, Nashik · 422005, 'lr : 0712-2522756 &mail: jjcoca.ngp@gmail.com, helpdesk@jodhjoshi.com, Website : www.jodhjoshi.com

1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with applicable Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,including the manner in which it is to be disclosed, or that it contains any material misstatement.

For Jodh Joshi and Co. Chartered Accountants Firm Reg. No. : 104317W

0)1L CA Mak nd J~~h~

(Partner) (Mem. No. : 047196) (UDIN : 23047196BGWAKI9944)

Place : Camp- New Delhi Date : 31.01.2023