RHI Magnesita India reported strong Q2 FY26 results, driven by growth in steel production. The company saw 9% QoQ volume growth, achieving record revenues. Despite margin pressure, the company maintained a healthy financial discipline with Net Debt / EBITDA at 0.45x. The firm is pushing forward with strategic initiatives, including acquisitions and R&D for sustainable value creation.
Financial Performance Highlights
RHI Magnesita India announced its financial results for Q2 FY26, showcasing robust growth and strategic advancements. Key financial metrics include:
- Revenue from Operations: ₹103,536 L (up 8% QoQ)
- Operating EBITDA: ₹11,053 L (up 7% QoQ)
- Shipment (MT): 141,370 (up 9% QoQ)
- Profit after Tax: ₹3,835 L (up 9% QoQ)
- EPS: ₹1.9 (up 9% QoQ)
The company’s historic revenue milestone reflects its strength in the market. Q2 FY26 demonstrated consistent growth across all segments.
Key Growth Drivers
Several factors contributed to RHI Magnesita India’s positive performance:
- Steel Sector: QoQ growth in steel production drove demand.
- Market Share Gains: Increased presence in ladles, converters, and seasonal cement orders led to sustained growth in TRM/4PRO, DRI & Coke Oven segments.
Strategic Initiatives and Outlook
The company continues to focus on strategic initiatives, including investment in research and development and acquisitions, driving sustainable value creation.
A significant development was the acquisition of Ashwath Technologies, strengthening the company’s steel flow control machinery capabilities. This acquisition expands RHI Magnesita’s offerings and customer base, particularly in the mini mills steel sector. RHI Magnesita has an ongoing mission to promote sustainability, ethics and community engagement.
Sustainability Initiatives
The company promotes education, health, environment and rural transformation through the use of enhanced learning and infrastructure programs across several locations.
Source: BSE
