MOIL reported a 30% YoY decline in consolidated net profit to ₹267.48 crore for FY26, with revenue down 7% to ₹1,472.84 crore.
The Board did not recommend any dividend for the financial year ended 31st March 2026.
Auditors flagged nine accounting issues including misclassification of exploration costs and inadequate provisioning for a ₹17.32 crore penalty.
The company's board lacks the requisite number of independent directors, constituting a governance non-compliance.