MOIL Limited has posted a weaker set of standalone numbers for Q1FY20 wherein it revenue at Rs. 2801 Mn has declined by 10.7% against Rs. 3135 Mn in Q1FY19 and our estimate of Rs. 3801 Mn on YoY basis as a result of changes in product mix containing higher proportion of medium and low grade of ore available for sales and slowdown in steel demand which curtailed manganese ore demand.