RHI Magnesita India Limited , a leading manufacturer and supplier of high-grade refractory products, has reported strong financial results for the second quarter of fiscal year 2026 (Q2FY26), marking a significant milestone in the company's performance.

Record-Breaking Revenue

The company achieved a record quarterly revenue of ₹1,035.00 crore, representing an 8% quarter-on-quarter increase. This impressive growth underscores RHI Magnesita India's strong market position and the trust placed in its products by customers across various industries.

Key Financial Highlights

The company's shipment volumes reached 141 KT, showing a 9% increase compared to the previous quarter. EBITDA stood at ₹111.00 crore, up by 7% quarter-on-quarter, while profit after tax rose to ₹38.00 crore, marking a 9% increase.

Management Commentary

Parmod Sagar, Chairman, MD & CEO of RHI Magnesita India Ltd., expressed satisfaction with the results, stating, "We are pleased to report the highest quarterly turnover in our history with revenue crossing ₹1,000 crore once again. Our market position continues to strengthen with a strong uptick across all segments, underlining the trust that customers have placed in us."

Sagar highlighted the company's strong execution and business fundamentals, noting that this milestone was achieved despite persistent market challenges, including input cost pressures. He emphasized the consistent value delivered by the Iron making segment and the 4PRO solutions model.

Strategic Focus

RHI Magnesita India's performance reflects its ability to navigate market challenges effectively. The company's focus on profitable and value-led growth appears to be paying dividends, as evidenced by the strong financial results across key metrics.

Industry Outlook

The robust performance of RHI Magnesita India may indicate a positive trend in the industries it serves, such as steel, cement, non-ferrous metals, and glass. The increased shipment volumes suggest growing demand for high-grade refractory products, which are critical for high-temperature processes exceeding 1,200°C in these sectors.

As RHI Magnesita India continues to strengthen its market position, investors and industry observers will be watching closely to see if this growth trajectory can be maintained in the coming quarters, especially in light of ongoing global economic uncertainties and input cost pressures.

The company's ability to deliver consistent value through its specialized segments and solutions model may provide a competitive edge as it seeks to capitalize on opportunities in the evolving refractory products market.

RHI Magnesita , a leading refractory products manufacturer, has reported mixed financial results for the second quarter ended September 30, with strong revenue growth but a decline in profit.

Financial Performance

RHI Magnesita India Limited reported consolidated revenue from operations of Rs 1,035.36 crores for the quarter, representing a 19.4% increase compared to Rs 867.07 crores in the same quarter last year. For the half-year period, consolidated revenue reached Rs 1,995.67 crores, up 14.3% from Rs 1,745.82 crores in the previous year.

However, the company's consolidated profit after tax for the quarter decreased to Rs 3,844.75 crores, compared to Rs 4,608.40 crores in the corresponding quarter of the previous year.

Standalone Performance

On a standalone basis, the company achieved revenue of Rs 862.13 crores for the quarter, up 30.5% from Rs 660.99 crores year-on-year.

Business Segments and Operations

RHI Magnesita India primarily operates in manufacturing refractories and monolithics. The company's Board approved unaudited financial results for the quarter and half-year ended September 30.

Strategic Acquisition

During the period, the company's subsidiary Intermetal Engineers acquired 100% shareholding in Ashwath Technologies Private Limited for Rs 1,411.89 lakhs in August.

Financial Summary

While RHI Magnesita India has shown significant revenue growth, the decline in profit suggests potential challenges. The company's performance reflects the dynamic nature of the refractory industry, with opportunities for growth alongside operational challenges.