Electrodes & Refractories company RHI Magnesita India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenue from operations for Q4FY25 was Rs 917 crore PAT for Q4FY25 was Rs 36 crore FY25 Financial Highlights: Revenue from operations for FY25 was Rs 3,675 crore EBITDA for FY25 was Rs 505 crore PAT for FY25 was Rs 203 crore Net Debt/EBITDA ratio at 0.3x Commenting on the results, Parmod Sagar – Chairman, MD & CEO of RHI Magnesita India said, “Despite a challenging market environment marked by commoditization, flat shipment volumes, and lower realization rates in the refractory industry, our resilient business fundamentals enabled us to deliver the highest-ever cash flow in FY25. This was achieved even amid sustained margin pressures stemming from elevated raw material costs, which could not be fully passed on to our customers. We remain confident in our growth trajectory, driven by the continued rise in steel and cement production, along with a robust order book. Our strategic investments in the Ironmaking Excellence Center, secondary raw materials, and research & development will further enhance our cost competitiveness and strengthen our market position. I believe the recent additions to our Board with strong industry background will be a true value generation for our shareholders and our company.” Result PDF
Conference Call with RHI Magnesita India Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Industrial Goods company RHI Magnesita India announced Q3FY25 results Revenue from operations for Q3FY25 was Rs 1,011 crore, QoQ growth of 17%. Operating EBITDA for Q3FY25 was Rs 132 crore, QoQ growth of 8%. PAT for Q3FY25 was Rs 48 crore, a QoQ increase of 3.5%. Shipment volume increased by 20%, QoQ. Parmod Sagar – Chairman, MD & CEO of RHI Magnesita India, said: "We are pleased to report a strong Q3FY25 performance amid persistent global headwinds and market volatility. This quarter marks a significant milestone for RHI Magnesita India as we crossed Rs 1,000 crore in quarterly revenue for the first time. This achievement is a testament to our disciplined execution, strong market positioning, and continued strategic expansion. Despite rising raw material costs, we were able to achieve EBITDA growth of 8% driven by our operational efficiencies. We acknowledge near term challenges due to the global market environment, however, we remain cautiously optimistic about the mid?term goals.” Result PDF
Industrial Goods company RHI Magnesita India announced Q2FY25 results Income from the quarter was Rs. 882 crore in Q2FY25, flat QoQ. Shipment volume increased by 4.8% as against Q1 FY25. EBITDA Margin was at 14.1% in Q2FY25, and 16% in H1 FY25, up by 1.1% as against H1FY24. Flat Net Debt/EBITDA ratio at 0.3x and reduced by 0.3x from H1FY24 Parmod Sagar, MD & CEO of RHI Magnesita India, said: “RHI Magnesita India successfully navigated through a dynamically evolving steel and cement market during the first half. We have maintained our market leadership position demonstrating resilience despite market headwinds including pricing pressure from imported refractories and raw materials. The latter half of the fiscal year looks more promising, with anticipated growth led by our customers planned commissioning of projects and infrastructure initiatives. The Company’s performance in H1 underscores our commitment to operational efficiency and financial prudence.” Result PDF
Other Industrial Goods company RHI Magnesita India announced Q1FY25 results: Financial Highlights: Revenue: Rs 87,876 Lakh, a decrease of 7% YoY. Working Capital Intensity: 39%, up by 6%. Profit After Tax (PAT): Rs 7,288 Lakh, a substantial increase of Rs 33,330 Lakh. Earnings Per Share (EPS): Rs 14.1, reflecting a 20% growth. EBITDA: Rs 15,690 Lakh, up by 3%. Capital Expenditure (Capex): Rs 2,005 Lakh, a decrease of 57%. Operating Cash Flow: Rs 16,032 Lakh. Net Debt/EBITDA Ratio: 0.3x, down by 45%. Result PDF
Industrial Goods company RHI Magnesita India announced Q4FY24 & FY24 results: The company registered 8% growth in revenue compared to the same quarter of the previous financial year. The Q4FY24 revenue stood at Rs 943 crore, as compared to Rs 874 crore during the Q4FY23. The PBT(excluding one-time exceptional items) stood at Rs 95 crore during Q4FY24. Commenting on the results, Parmod Sagar – MD & CEO of RHI Magnesita India Ltd said, “Our fourth quarter results underlined again the attractive growth and resilient results of our business. We have excelled by strategically enhancing our operational efficiencies, driving remarkable and sustained growth. The seamless integration of recent acquisitions has unlocked significant synergies, reflected in the impressive rise in profitability. Our EBITDA and revenue saw substantial year-on-year growth of 49% and 39% respectively. Our rigorous cost optimization initiatives have led to outstanding year-on-year margin improvements this quarter. As we expand our strong presence in iron-making, pellet, and DRI, we are poised to continue leveraging our extensive market reach, diverse product portfolio, and exceptional expertise in Total Refractory Management and Services." Result PDF
Industrial Goods company RHI Magnesita announced Q3FY24 results: The company recorded a remarkable 43% year-on-year growth in revenue compared to the same quarter of the previous financial year. The revenue for Q3FY24 amounted to Rs 922.9 crore, a substantial increase from Rs 644.8 crore reported during Q3FY23. However, the Profit Before Tax for the period stood at Rs 53.9 crore, showing a decrease from Rs 79.2 crore reported during Q3FY23. Commenting on the results, Parmod Sagar, MD & CEO of RHI Magnesita India, remarked, "The quarter showcased sustained year-on-year growth in the top line, driven by robust shipments, signaling a positive demand outlook. The recent acquisitions have bolstered our organic volume growth. While there was an improvement in material costs, increased investment in a skilled workforce and other expenses put pressure on EBITDA margins. We remain focused on strategizing to enhance operational efficiencies and capitalize on synergies from all recent acquisitions." Result PDF
Industrial Goods company RHI Magnesita India announced Q1FY24 results: The company registered 54% growth in revenue compared to Q1FY23. The Q1FY24 revenue stood at Rs 928 crore as compared to Rs 602 crore during Q1FY23. Adjusted EBITDA stood at Rs 142.5 crore during Q1FY24 as against Rs 119.9 crore during Q1FY23, registering a 19% growth. This healthy growth in revenue and profitability is owing to organic growth, as well as the synergies from the recent acquisitions. Commenting on the results, Parmod Sagar, MD & CEO, RHI Magnesita India said, “We have been able to successfully integrate the two newly acquired businesses and realise the synergies. The M&As; have contributed to 33% of the consolidated revenue during Q1FY24, marking an 18% growth QoQ. The M&A; EBITDA margin improved by 2.3% to reach 13.3% in Q1FY24, which is a testament to the realization of synergies and the consolidation of capabilities of RHI Magnesita India. This successful realization of significant cost and revenue synergies was evident in various aspects such as recipe and raw material harmonization, product transfers, and secondary raw material usage. Overall, the industry is set to experience robust growth driven by sectors like steel, cement, and glass, buoyed by the Government's support in the form of budget and policies. We are strategically combining organic and inorganic growth strategies to meet the rising demand.” Result PDF