RHI Magnesita India Ltd announces its results for FY26

2026-05-30

May 29, 2026 - RHI Magnesita India Limited, the leading manufacturer and supplier of high-grade refractory products, systems and solutions, has reported audited consolidated financial results for the year ended March 31, 2026 (FY2026).

Key Financial Highlights - FY26:
• Revenue from operations at ₹4,020 Crore (+9% YoY)
• Shipment Volumes at 523 KT (+5% YoY)
• Adjusted EBITDA* at ₹477 crore
• Adjusted PAT* at ₹180 crore
• Net Debt/EBITDA turning negative at -0.1x
• Operating cash flows at ₹409 crore
*Excluding one-time exceptional impact of impairment of goodwill (Management has recognized it considering the geopolitical situation and over-capacity in market) and employee costs on account of change in New Wage Code

Commenting on the results, Parmod Sagar – Chairman, MD & CEO of RHI Magnesita India Ltd. said, “FY26 reinforced the importance of resilience, agility, and disciplined execution in a dynamic environment. Despite pricing pressures, excess industry capacity, inflationary trends, intense competition, and evolving geopolitical developments leading to elevated energy and freight costs, we have delivered a resilient performance while strengthening our long-term strategic positioning. Structural growth drivers across the steel and cement sectors continue to create opportunities for the refractory industry, particularly for technology-led and sustainability-focused solution providers. We advanced our competitive edge by de-commoditizing refractory business through the 4PRO model, offering integrated, value-added solutions that enhance price realization, deepen customer integration, and improve long-term contract visibility.”