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RHI Magnesita India (534076) investor relations material
RHI Magnesita India Q2 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 1,035 crore (₹103,536 lakh) in Q2 FY26, up 8% sequentially and 19% year-over-year, driven by higher volumes and market share gains in steel and cement sectors.
Shipment volume reached 141 kilotons, up 9% quarter-on-quarter and 18% year-over-year, with strong demand in steel and cement.
Maintained flat margins despite higher raw material and FX costs; strategic focus on long-term contracts, product innovation, automation, and integration of new technologies.
Safety performance remained strong with zero lost time injuries and enhanced safety management systems.
Board approved unaudited consolidated and standalone financial results for Q2 and H1 FY26, with no material misstatements.
Financial highlights
Operating EBITDA for Q2 FY26 was INR 111 crore (₹11,053 lakh), margin at 10.7%, up 7% sequentially but lower year-over-year due to one-time items in the prior year.
Profit after tax stood at INR 38 crore (₹3,835–4,174 lakh), up 9% from Q1.
Net debt-to-EBITDA ratio at 0.45x, reflecting higher working capital and acquisition outflows.
CapEx for Q2 was ₹3,279 lakh, supporting automation and efficiency initiatives.
Dividend of Rs. 2.50 per share approved at the AGM on September 26, 2025.
Outlook and guidance
Full-year FY26 EBITDA margin guided at 13%-14%, supported by lower raw material costs, product mix improvement, and performance bonuses.
Order book remains strong, especially in steel and cement, with major CapEx plans by customers and upcoming high-margin industrial orders.
Strategic focus on expanding market share, leveraging acquisitions, and automation for future growth.
Cement sector outlook positive with capacity expansion and GST rationalization anticipated.
Gradual margin improvement anticipated as high-cost inventory phases out and cost optimization measures take effect.
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