RHI Magnesita India (RHIM India) has announced its unaudited consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported a significant 62% year-on-year increase in Profit After Tax (PAT) to ₹62 crore for Q2 FY27. Revenue from operations saw a slight dip of 0.5% YoY to ₹1,030 crore, while EBITDA surged by 30% YoY to ₹144 crore.
Strong Profitability Momentum for RHIM India in Q2 FY27
RHI Magnesita India Limited (RHIM India), a leading manufacturer and supplier of high-grade refractory products, has declared its unaudited consolidated financial results for the second quarter and the first half of the financial year 2026-27 (Q2 & H1 FY27), ending on September 30, 2026. The company demonstrated robust profit growth, with its Profit After Tax (PAT) surging by 62% year-on-year.
Key Financial Highlights for Q2 FY27
The company reported the following key financial figures for the second quarter of FY27:
- Revenue from operations stood at ₹1,030 crore, marking a marginal decrease of 0.5% compared to the previous year.
- EBITDA saw a substantial increase of 30% year-on-year, reaching ₹144 crore.
- The EBITDA margin improved significantly, rising by 332 basis points to 14%.
- Profit After Tax (PAT) recorded an impressive growth of 62% year-on-year, amounting to ₹62 crore.
- The Net Cash/EBITDA ratio was reported at 0.25x.
- Shipment Volumes were at 118 KT.
Leadership Appointments
In addition to the financial results, RHI Magnesita India also announced the appointment of Abhishek Bajaj as its new Chief Financial Officer (CFO) & Chief Investor Relations Officer (CIRO), effective from January 1, 2027. Bajaj brings over two decades of experience in financial leadership, business acumen, and corporate governance. Current CFO and CIRO, Azim Syed, will transition to a senior global leadership role within RHI Magnesita.
Pankaj Malhan, Managing Director & CEO of RHI Magnesita India Ltd., expressed pleasure in welcoming Abhishek Bajaj to the leadership team, emphasizing his role in value creation and strengthening financial strategies. He also extended appreciation to Azim Syed for his contributions.
About RHI Magnesita India Ltd.
RHI Magnesita India Ltd. is a leading manufacturer and supplier of high-grade refractory products, systems, and solutions essential for high-temperature processes exceeding 1,200°C across industries such as steel, iron, cement, non-ferrous metals, and glass. The company operates 8 state-of-the-art manufacturing plants and serves customers globally.
Source: BSE
