Monolithisch India Limited , a leading manufacturer of premix ramming mass for the secondary steel industry, delivered a record-breaking performance in Q4 FY26 and for the full fiscal year FY26, driven by strong volume growth, resilient customer demand, and improved operational efficiencies. The company's management shared these highlights during its Q4 FY26 Earnings Conference Call held on May 7, 2026, hosted by Go India Advisors LLP.

Record Financial Performance in Q4 and FY26

Q4 FY26 emerged as the company's strongest quarter to date across all key financial metrics. The following table summarises the consolidated quarterly and annual performance:

The average consolidated available capacity in FY26 stood at 2,10,000 metric tons, with capacity utilization at 81.5%. Net cash from operating activities increased 3.4x to approximately ₹14 crores compared to ₹4 crores in FY25. From FY23 to FY26, the company delivered a CAGR of 48% in revenue, 68% in EBITDA and 72% in PAT.

Capacity Expansion and Strategic Developments

Monolithisch India is executing a major Greenfield project, branded as Metalurgica, which is expected to enhance capacity by end of Q1 FY27 or early Q2 FY27. The new facility in West Bengal is strategically positioned to capture growing demand in the high-demand Eastern cluster. Key capacity and capital deployment details are outlined below:

The Brownfield project has been commissioned by replacing the existing production line with minimal capital outlay and limited downtime. Ongoing efficiency improvements have led to a reduction in consumables and labour costs in Q4 FY26. The company is also expanding land at the Greenfield campus, targeting an 18 to 20 acre campus, with planned land investment of ₹2 crores to ₹3 crores.

Premium Product SGB Limited Gains Traction

The company's premium product, SGB Limited, has witnessed strong initial traction since its launch. Key product highlights include:

• Lifespan improvement: 15% to 20% improvement over the predecessor product SGB 777, with a warranted minimum heat assurance of 52 to 55 hours; the product has clocked up to 61 and 62 hours
• Customer migration: Approximately 18% to 20% of customers switched to SGB Limited in FY26, with over 60% customer migration targeted from Q1 FY27
• Product variants: SGB Limited is available in premix (boric acid, boron) and non-premix variants
• Industry recognition: Monolithisch India has been recognised as one of Bharat's Best-to-Billion Brands 2026 by ETH

SGB Limited is expected to drive better realisations and support margin expansion within the existing customer base. For Mineral India Global, SGB Limited contribution is expected to be around 30% to 40%, compared to the targeted 60% at Monolithisch.

Subsidiary Performance: Mineral India Global

The capacity expansion at Mineral India Global, the company's wholly-owned subsidiary, has been completed. The plant is ready to operate at an enhanced capacity of 72,000 MTPA, up 25% from the current 57,600 MTPA, with statutory approvals expected within 15 days of the call date. The subsidiary is expected to operate at 90% to 95% utilisation, with revenue guidance of ₹55 crores to ₹60 crores for FY27. Margins at Mineral India Global are expected to be approximately 1% to 2% lower than Monolithisch, attributed to differences in economies of scale.

FY27 Guidance and Long-Term Outlook

The company has provided the following guidance for FY27:

The company also noted that ₹200 crores to ₹225 crores is expected from existing capabilities in FY27, with an additional ₹25 crores to ₹50 crores expected from the Metalurgica Greenfield facility. The business is backed by an almost debt-free balance sheet, with a target of ₹30 crores to ₹35 crores cash in hand and ₹60 crores to ₹65 crores for FY27. Management also indicated plans to explore joint venture agreements with mine owners and establish manufacturing or processing facilities in regions such as Rajasthan to expand geographic reach, with further details to be disclosed at the upcoming AGM.

Monolithisch India Limited has reported a strong financial performance for the third quarter, with consolidated net profit showing substantial growth compared to the same period last year.

Financial Performance Highlights

The company delivered impressive results with consolidated net profit reaching ₹61 million in Q3, representing a significant improvement from the previous year's corresponding quarter performance.

Strong Year-on-Year Growth

The 56.41% year-on-year increase in consolidated net profit demonstrates the company's enhanced operational performance and effective business execution. This substantial growth indicates improved profitability metrics and strengthened financial position during the quarter.

SME Market Performance

As an SME-listed entity, Monolithisch India's robust quarterly results showcase the potential for growth companies in the small and medium enterprise segment. The significant profit improvement reflects the company's ability to capitalize on market opportunities and optimize its operational framework.

The strong financial performance positions the company favorably for continued business development and stakeholder value creation in the competitive market landscape.