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Earnings Call

RHI Magnesita India Earnings Call: Key Takeaways

RHI Magnesita reported record FY26 revenue exceeding ₹4,000 crore, but net profit was hit by a significant one-time goodwill impairment and intense competitive pricing pressures in cement and steel.

Highlights
Revenue growth9% YoY growth to record ₹4,000 crore revenue.
MarginsEBITDA margins moderated to 11.9%; targeting 13% for FY27.
Order bookStrong 18-month visibility for iron-making and large coke oven projects.
Demand visibilityStrong infrastructure spending and steel capacity expansion provide long-term visibility.
Management confidenceBalanced, highlighting resilience despite significant industry headwinds and impairments.

Growth

Revenue grew 9% YoY driven by iron-making and project segments; volume grew 5% to 523 kilotonnes.

Outlook

Guided for 13% EBITDA margins in FY27 and 2% volume outperformance over market growth.

Risks

Excess industry capacity, aggressive competitive pricing, and rising raw material/forex costs threatening margin stability.

Source

Earnings Call filed with NSE, NSE: RHIM. Summary written with AI assistance from the document.

Read the document ↗

RHI Magnesita India Ltd: key numbers

Share price
₹386.45
Market cap
₹7,980 Cr
Revenue (annual)
₹4,020 Cr
Net profit (annual)
₹-382.9 Cr
P/E (TTM)
-22.6×Sector 53.6×
Promoter holding
56.07%+0.00% QoQ
FII holding
3.98%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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