RHI Magnesita India (534076) Q1 26/27 earnings summary

Executive summary

• Achieved strong revenue and profitability growth in Q1 FY27, led by the steel and cement segments, with robust performance despite a volatile environment.

• Leadership transition announced: Pankaj Malhan appointed as Managing Director and CEO, with Parmod Sagar continuing as Chairman.

• Safety remained a top priority, with expanded programs and recognition at the Odisha Safety Excellence Awards.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved by the Board on August 11, 2026.

Financial highlights

• Revenue from operations reached INR 1,014 crores (₹1,014 crore), up 9% quarter-over-quarter and 6% year-over-year.

• EBITDA rose to INR 147 crores, a 42% year-over-year increase and 30% QoQ rise; EBITDA margin improved to 14.5% from 10.8% in Q1 FY26.

• Profit after tax nearly doubled to INR 65 crores from INR 35 crores year-over-year, compared to a loss in the previous quarter due to exceptional items.

• Cash and cash equivalents stood at INR 452 crores; balance sheet remains net cash positive.

• Standalone and consolidated revenue and profit figures showed strong year-over-year improvement, rebounding from prior impairment losses.

Outlook and guidance

• Margin guidance maintained at 13% for the year, with focus on disciplined growth and cost management.

• Inventory build-up and working capital investments position the company for continued growth in FY27.

• Project orders in glass and coke oven segments expected to contribute in H2 FY27.

• Backward integration and supply chain resilience initiatives to support long-term sustainability.

• New joint venture, RHI Khemka Minpro Private Limited, incorporated for mineral processing, with a 51% stake held.