RHI Magnesita India Swings to Profit in Q4, Announces Dividend
RHI Magnesita India has reported a significant turnaround in Q4 FY2023, with a net profit of ₹364.00 million compared to a ₹2.30 billion loss in the same quarter last year. Revenue increased to ₹7.55 billion from ₹7.36 billion year-over-year. The company's board has recommended a final dividend of ₹2.50 per share.
28May 25
RHI Magnesita India Reports Mixed Q4 Results, Recommends Dividend
RHI Magnesita India's Q4 results show revenue growth of 2.58% to 7.55 billion rupees, but EBITDA declined 43.28% to 726.00 million rupees. The company turned a profit of 364.00 million rupees, recovering from a 2.30 billion rupee loss in the previous year. EBITDA margin contracted to 9.61% from 17.35%. The board recommended a final dividend of 2.50 rupees per share.
04Mar 25
RHI Magnesita India's Subsidiary to Acquire Ashwath Technologies for ₹140 Crore
RHI Magnesita India's wholly-owned subsidiary, Intermetal Engineers, has agreed to acquire 100% of Ashwath Technologies Private Limited for ₹140 crore. The deal involves purchasing 10,000 equity shares with a face value of ₹10 each. This strategic move aims to strengthen RHI Magnesita's market position in the refractory solutions sector. Separately, the company announced the resignation of Mr. Mayank Kulshreshtha, Head of Supply Chain, Procurement & Commercial India, West Asia & Africa, effective June 2, 2025.