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RHI Magnesita India (534076) investor relations material
RHI Magnesita India Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly revenue of INR 1,092 crore in Q3 FY26, reflecting resilience amid macroeconomic headwinds and maintaining market leadership through a diversified portfolio and strong customer relationships.
Recognized for exemplary safety performance by the World Refractories Association and at nine customer sites, with awards from major steel clients including Tata Steel.
Unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, were approved by the Board on February 13, 2026.
Statutory auditors issued limited review reports with no material misstatements identified.
Strategic focus on expanding 4PRO (total refractory management with sustainability), strengthening ironmaking, cost optimization, and advancing R&D for circular economy initiatives.
Financial highlights
Q3 FY26 revenue grew 5.5% sequentially and up to 12% year-over-year, driven by 4PRO wins and ironmaking project deliveries.
Adjusted EBITDA reached INR 150 crore, up 36% quarter-on-quarter and 14% year-on-year; EBITDA margin improved to 13.7% from 10.7% in Q2.
Profit after tax was INR 62 crore, up 61% sequentially and 29% year-over-year.
Standalone revenue from operations for the quarter was Rs. 90,347.99 lakhs; consolidated revenue was Rs. 109,201.39 lakhs.
Operating cash flow hit a record INR 289 crore, a 627% increase quarter-on-quarter, supported by strong EBITDA and disciplined working capital management.
Outlook and guidance
Management targets sustainable EBITDA margins of 14%-15% in the coming quarters, with cautious optimism due to ongoing market volatility.
Realization per ton expected to remain in the INR 76,000–80,000 range in the near term, subject to product mix and market conditions.
Export contribution expected to see a modest uptick from current 9%-10% levels, with new orders anticipated from recent trials.
Growth expected in cement and steel industries, driven by higher capex and real estate projects.
Dividend of Rs. 2.50 per share (250% of par value) approved at the AGM held on September 26, 2025.
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