RHI Magnesita India's Q1 FY 2025-26 Quarterly Results

Result Summary

• RHI Magnesita India Ltd reported a 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.0%.
• Its expenses for the quarter were up by 7.1% QoQ and 16.6% YoY.
• The net profit decreased 113.7% QoQ and decreased 51.6% YoY.
• The earnings per share (EPS) of RHI Magnesita India Ltd stood at 1.7 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

RHI Magnesita India Ltd is a leading entity within the refractory industry, specializing in the production and supply of high-grade refractory materials. These materials are crucial for industries that operate at high temperatures, such as steel, cement, and glass manufacturing. The company is part of the global RHI Magnesita group, which is known for its broad portfolio of refractory products and solutions. In recent times, RHI Magnesita India Ltd has focused on expanding its product offerings and enhancing its market presence within India and other strategic markets. There is no information regarding any recent major developments provided in the data.

Revenue

For the quarter ending Q1FY26, RHI Magnesita India Ltd reported a total income of ₹961.42 crores, reflecting a quarter-over-quarter (QoQ) increase of 1.5% from ₹947.48 crores in Q4FY25. Year-over-year (YoY), the revenue grew by 9.0% compared to ₹881.77 crores in Q1FY25. This upward trend in revenue indicates a steady growth trajectory over both the quarterly and annual periods. The increase in total income suggests that the company might have experienced favorable market conditions or demand for its products in this period.

Profitability

In terms of profitability, RHI Magnesita India Ltd faced challenges this quarter. The profit before tax (PBT) for Q1FY26 was ₹47.93 crores, a significant turnaround from a loss of ₹231.02 crores in Q4FY25 but a decrease of 51.2% compared to ₹98.14 crores in Q1FY25. The company’s profit after tax (PAT) for Q1FY26 was ₹35.27 crores, marking an improvement from a net loss of ₹257.90 crores in the previous quarter, yet it represents a decline of 51.6% from the ₹72.88 crores recorded in Q1FY25. Earnings per share (EPS) stood at ₹1.70, up from a negative ₹12.50 in Q4FY25, but down from ₹3.50 in Q1FY25. The reduction in tax expenses, which are down 52.9% QoQ and 49.9% YoY, also contributed to the profitability measures in this period.

Operating Metrics

The operating metrics reveal that total expenses for Q1FY26 increased by 7.1% QoQ to ₹913.50 crores from ₹852.73 crores in Q4FY25 and rose by 16.6% YoY from ₹783.63 crores in Q1FY25. This rise in expenses is a critical factor affecting the company’s profitability. Despite the increase in total income, the higher growth rate in expenses compared to income indicates that the company may be facing increased operational costs or investments that affect its bottom line. The data indicates a need for careful cost management to enhance profitability in future quarters.