MOIL Q2 Results Live, Oct. 26 -- MOIL declared their Q2 results on 25 Oct, 2024, revealing a challenging quarter for the company. The topline decreased by 16.01%, while profit fell by 18.79% year-over-year, raising concerns among investors.

In comparison to the previous quarter, the revenue experienced a significant decline of 40.77%, and profits plummeted by 67.21%. This stark contrast highlights the struggles faced by the company in recent months.

Notably, the Selling, General & Administrative expenses saw a slight decline of 3.62% quarter-over-quarter, but this marked a year-over-year increase of 1.91%, indicating rising operational costs.

The operating income was particularly affected, down by 76.66% quarter-over-quarter and 32.29%...