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Earnings Call Transcript

RHI Magnesita India Earnings Call Transcript: Key Takeaways

RHI Magnesita India delivered a strong Q1 FY27, doubling PAT YoY despite a volatile environment. The margin recovery is notable, though management remains cautious about market pricing pressure and input costs.

Guidance and delivery
Management target Revenue 7.0% FY27
Highlights
Revenue growth6% YoY increase to ₹1,014 Cr, driven by steel business realizations.
MarginsEBITDA margin expanded to 14.5% from 10.8% YoY.
Order bookHealthy order visibility across key infrastructure segments.
Demand visibilityStrong visibility in steel and cement sectors for H2 FY27.
Management confidenceBalanced; optimistic on structural growth but cautious on competitive intensity.

Growth

Revenue grew 6% YoY to ₹1,014 Cr, driven by the steel business and favorable product mix. PAT increased 85% YoY to ₹65 Cr.

Outlook

Guided 13% EBITDA margin for FY27. Expect healthy demand from steel and cement sectors through H2.

Risks

Pricing pressure from competitors and rising input costs for magnesite and fuel remain key risks. Geopolitical tensions impact export potential.

Last quarter's promises, checked

Delivered

  • Guided Q1 FY27 strong quarter → delivered PAT up 85% YoY (= BEAT)
  • Guided 13% EBITDA margin for FY27 → delivered 14.5% in Q1 (= BEAT)
  • Guided outperforming market volume by 2% → delivered 6% revenue growth (= BEAT)

Partly delivered

  • Guided ₹150 Cr FY27 Capex → delivered ₹80-100 Cr revised annual outlook (= PARTIAL)
Source

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

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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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