RHI Magnesita India Limited, a prominent player in the refractory industry, has announced the successful completion of a strategic acquisition through its wholly-owned subsidiary. The move is expected to strengthen the company's position in the market and expand its technological capabilities.

Acquisition Details

Intermetal Engineers (India) Private Limited, a wholly-owned subsidiary of RHI Magnesita India Limited, has finalized the acquisition of 100% shareholding in Ashwath Technologies Private Limited. The transaction, valued at ₹14.12 crore, was completed on August 1, 2025, following the fulfillment of all closing conditions outlined in the Share Purchase Agreement.

Key Points of the Acquisition

Strategic Implications

With this acquisition, Ashwath Technologies Private Limited has become a step-down subsidiary of RHI Magnesita India Limited. This strategic move is likely to enhance RHI Magnesita's technological capabilities and market reach.

Regulatory Compliance

The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The information was received by RHI Magnesita India Limited on August 1, 2025, at 6:37 PM, and promptly communicated to the BSE Limited and the National Stock Exchange of India Limited.

Conclusion

This acquisition marks a significant step for RHI Magnesita India Limited in its growth strategy. While the immediate financial impact may be limited given the size of the transaction, the long-term benefits in terms of technological synergies and market expansion remain to be seen.

RHI Magnesita India , a leading refractory solutions provider, has reported a significant turnaround in its financial performance for the fourth quarter, marking a return to profitability and announcing a dividend for shareholders.

Q4 Financial Highlights

Impressive Turnaround

RHI Magnesita India has demonstrated a remarkable recovery in its fourth-quarter results. The company reported a net profit of ₹364.00 million, a substantial improvement from the ₹2.30 billion loss recorded in the same quarter of the previous year. This turnaround represents a positive shift in the company's financial health and operational efficiency.

Sequential Growth

The company's performance also showed improvement on a quarter-on-quarter basis. The Q4 profit of ₹364.00 million marks a significant increase from the ₹561.70 million profit reported in the previous quarter, indicating a strong upward trajectory in the company's earnings.

Revenue Growth

RHI Magnesita India's revenue for the fourth quarter stood at ₹7.55 billion, showing a modest year-over-year increase from ₹7.36 billion. This growth in revenue, coupled with the swing to profitability, suggests effective cost management and potentially improved operational efficiencies.

Shareholder Returns

In a move that will likely be welcomed by investors, the company's board has recommended a final dividend of ₹2.50 per share. This dividend announcement reflects the management's confidence in the company's financial position and its commitment to delivering value to shareholders.

The strong Q4 results and the dividend announcement may potentially boost investor confidence in RHI Magnesita India's future prospects. However, stakeholders will likely keep a close eye on the company's performance in the coming quarters to assess the sustainability of this financial turnaround.