RHI Magnesita India hits record Q2 revenue, driven by strategic growth

RHI Magnesita India Limited achieved a historic revenue of ₹103,536 L for Q2 FY26, marking an 8% increase from Q1 FY26 and a 14% rise from H1 FY25. Operating EBITDA reached ₹11,053 L, a 7% increase quarter-on-quarter, with an EBITDA margin of 10.7%. Profit after tax also saw a 9% increase to ₹3,835 L in Q2 FY26 compared to the previous quarter. The company’s shipment volume increased by 9% to 141,370 MT, and earnings per share rose to ₹1.9, up 9% from Q1 FY26.

The company's strategic focus on market share gains in the steel and cement sectors, along with the execution of seasonal project and maintenance orders, contributed to this growth. Net Debt/EBITDA stood at 0.45x, an increase of 0.25x, reflecting higher working capital tied to revenue growth. Capex increased by 18% to ₹3,279 L, supporting ongoing automation and efficiency initiatives.

RHI Magnesita also highlighted its acquisition of Ashwath Technologies, strengthening its steel flow control machinery capabilities in India. The company continues to advance its 4PRO Business Model, implementing India’s first complete robotic solution in caster operations to enhance safety, productivity, and reliability for its customers.