RHI Magnesita India Limited has announced its financial results for the second quarter of fiscal year 2027 (Q2 FY27). The company reported a stable revenue of ₹1,030 crore, with a notable increase in EBITDA to ₹144 crore, marking a 30% year-over-year growth. Profit After Tax (PAT) saw a significant surge of 62% to ₹62 crore, reflecting strong operational performance and margin enhancement strategies. Shipment volume for the quarter was 118 KT.
RHI Magnesita India Announces Strong Q2 FY27 Financial Performance
RHI Magnesita India Limited has released its financial results for the quarter and half-year ended September 30, 2026. The company demonstrated robust financial health with key highlights including a stable Revenue from Operations of ₹1,030 crore for Q2 FY27, a marginal decrease of -0.5% compared to Q2 FY26. However, the company achieved a significant growth in profitability metrics.
Key Financial Highlights (Q2 FY27 vs. Q2 FY26)
- Revenue from Operations: ₹1,030 Cr (-0.5% YoY)
- Operating EBITDA: ₹144 Cr (+30% YoY)
- Operating EBITDA %: 14.0% (+330 Bps YoY)
- Shipment: 118 KT (-16% YoY)
- Operating Cashflow: ₹18 Cr (+138% YoY)
- EPS: ₹3.0 (+63% YoY)
- Working Capital Intensity: 38% (+57 Bps YoY)
- Net Cash/EBITDA: 0.2X (+0.7x)
Performance Drivers
The company’s performance was driven by its focus on sustained value creation through margin enhancement. Key factors contributing to the improved profitability include a strong performance in the Steel segment with an improved product mix, disciplined pricing, and operational efficiencies. The increase in EBITDA reflects the successful execution of self-help initiatives and operational improvements.
Profit and Loss Snapshot
For Q2 FY27, RHI Magnesita India reported a Profit After Tax (PAT) of ₹62 crore, representing a significant +62% increase compared to Q2 FY26. The EBITDA margin improved to 14.0% from 10.7% in the prior year quarter. For the half-year ended Q2 FY27, revenue from operations stood at ₹2,044 crore, with EBITDA at ₹291 crore and PAT at ₹127 crore, showing a +36% increase in EBITDA and +72% increase in PAT compared to H1 FY26.
Strategic Positioning
The presentation also detailed strategic moves focusing on cost competitiveness through new product development and harmonization of products. The company emphasized its strong market leadership in refractories in India, a 6,000+ skilled workforce, and a revenue of ₹4020 Cr in FY 2026. RHI Magnesita India is positioned as a leader in high-grade refractory products and systems, serving industries like steel, cement, non-ferrous metals, and glass, with a mission to drive innovation at 1200 °C and beyond.
Source: BSE
