RHI Magnesita India Ltd

RHI Magnesita India Ltd share price inched up 2.64% to Rs 423.15 after the company's net profit tanked by 112.47% to Rs 64.61 crore, while revenue from operations slightly gained 8.76% to Rs 1013.97 crore in Q2FY26 over Q1FY26. The market capitalization of Electrodes & Refractories industry group stocks on BSE stood at Rs 50606.55 crore, easing 7.93%. It has improved by 1.41% over last one week and heading higher by 8.52% in last one month while the market capitalization of RHI Magnesita India Ltd has marginally improved by 1.64% and 5.73% in the same period respectively. Profit before tax (PBT) of RHI Magnesita India Ltd stood at Rs 87.41 crore in Q2 FY26, rallying 82.37% year-on-year, and tanking 117.38% quarter-on-quarter. EBITDA came in at Rs 128 crore, surging by 27.00% YoY and jumping 105.34% sequentially. Total expenses saw a slight increase of 3.34% to Rs 926.0 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 416.79 crore, inching up 8.29% YoY, while employee benefits expense was at Rs 101.35 crore, slipping by 0.30% YoY. For the TTM ended FY26, revenue from operations declined slightly by 2.82% to Rs 3674.5 crore, while net profit tumbled by 302.29% to Rs 202.51 crore, compared to previous TTM. EBITDA surged by 55142% to Rs 453.01 crore, and PBT collapsed by 1793.49% to Rs 262.66 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 373.08 crore in FY26, as against Rs 270.6 crore in FY25. RHI Magnesita India Ltd nosedived by 13.66% in last one year, underperforming the benchmark BSE Sensex which has eased by 2.56% during the same period.

RHI Magnesita and Khemka Refractories have completed their joint venture, launching MINPRO, a refractory recycling business focused on advancing circular mineral solutions in India. MINPRO, led by Jyotirmoy Bhattacharjee as Chief Executive Officer, combines RHI Magnesita's global recycling leadership with Khemka Refractories' regional expertise and will operate a state-of-the-art recycling platform in Odisha, India, to recover, process, and reuse spent refractory materials.

RHI Magnesita India Limited announced that its board of directors approved the allotment of 9,607 equity shares to Khemka on a preferential basis for Rs 1,91,17,930, comprised of the transfer of approximately 12.87 acres of land in Odisha, resulting in RHIM Khemka MINPRO Private Limited becoming a joint venture company with RHI Magnesita India Limited holding 51% and Khemka holding 49% of the equity share capital, effective August 3, 2026.

RHI Magnesita India Limited will hold a board meeting on Tuesday, August 11, 2026, to consider and approve unaudited financial results for the quarter ended June 30, 2026, which will be subject to a limited review by the company's statutory auditors. The trading window for dealing in shares of RHI Magnesita India Limited will remain closed until August 13, 2026, for designated persons and their immediate relatives, as previously announced on June 26, 2026.

RHI Magnesita has announced to enter into a strategic joint venture (JV) with Khemka Refractories, a renowned refractory raw-materials manufacturer in India. Together the companies will accelerate circular business models and establish a greenfield refractory recycling facility in the eastern state of Odisha, India. Strategically located in the heart of India's steel production and close to major Industrial manufacturers, the proposed facility will support the rapidly growing demand for closed loop sustainable solutions in the Indian refractory market by creating an integrated recycling supply chain. The joint venture will focus on the recovery, processing and reuse of spent refractory materials, increase the availability of high-value raw materials for refractories and other markets and provide customers with customized recycling and enhanced sustainability solutions.

RHI Magnesita India announced that the Board of Directors of the Company at its meeting held on 29 May 2026, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

Net loss of RHI Magnesita India reported to Rs 518.11 crore in the quarter ended March 2026 as against net profit of Rs 36.18 crore during the previous quarter ended March 2025. Sales rose 1.56% to Rs 932.26 crore in the quarter ended March 2026 as against Rs 917.97 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 382.94 crore in the year ended March 2026 as against net profit of Rs 202.51 crore during the previous year ended March 2025. Sales rose 9.40% to Rs 4019.95 crore in the year ended March 2026 as against Rs 3674.50 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales932.26917.97 2 4019.953674.50 9 OPM %9.3710.13 -10.9913.04 - PBDT104.3884.49 24 433.49462.58 -6 PBT53.2137.83 41 236.47262.66 -10 NP-518.1136.18 PL -382.94202.51 PL Powered by Capital Market - Live

Net loss of RHI Magnesita India reported to Rs 624.42 crore in the quarter ended March 2026 as against net profit of Rs 36.39 crore during the previous quarter ended March 2025. Sales rose 4.01% to Rs 785.71 crore in the quarter ended March 2026 as against Rs 755.45 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 467.69 crore in the year ended March 2026 as against net profit of Rs 223.00 crore during the previous year ended March 2025. Sales rose 16.07% to Rs 3356.59 crore in the year ended March 2026 as against Rs 2891.86 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales785.71755.45 4 3356.592891.86 16 OPM %9.099.61 -10.2813.26 - PBDT73.2570.17 4 344.52378.01 -9 PBT50.4250.81 -1 260.57300.86 -13 NP-624.4236.39 PL -467.69223.00 PL Powered by Capital Market - Live

RHI Magnesita India will hold a meeting of the Board of Directors of the Company on 28 May 2026.

Net profit of RHI Magnesita India rose 29.49% to Rs 61.56 crore in the quarter ended December 2025 as against Rs 47.54 crore during the previous quarter ended December 2024. Sales rose 8.04% to Rs 1092.01 crore in the quarter ended December 2025 as against Rs 1010.70 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1092.011010.70 8 OPM %13.0812.38 - PBDT133.02119.08 12 PBT83.5564.30 30 NP61.5647.54 29 Powered by Capital Market - Live