RHI Magnesita India Ltd. Results

Q2FY25 Quarterly Result Announced for RHI Magnesita India Ltd.

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.”

Q1FY25 Quarterly Result Announced for RHI Magnesita India Ltd.

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%.

Q4FY24 Quarterly & FY24 Annual Result Announced for RHI Magnesita India Ltd.

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."

Q3FY24 Quarterly Result Announced for RHI Magnesita India Ltd.

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."