Outcome of Board Meeting held on 29 May 2026
RHIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RHI Magnesita India reported standalone revenue of Rs 335,659 lakhs for FY26, up ~16% from Rs 289,712 lakhs in FY25. However, the company posted a standalone net loss of Rs 46,769 lakhs versus a net profit of Rs 22,300 lakhs in FY25. The loss was driven by an exceptional impairment charge of Rs 66,092 lakhs on its investment in subsidiary RHIMIRL due to evolving market conditions and geopolitical developments. On a consolidated basis, revenue grew ~9% to Rs 401,995 lakhs, with a net loss of Rs 38,294 lakhs vs a profit of Rs 20,251 lakhs in FY25, impacted by a consolidated goodwill impairment of Rs 55,624 lakhs. The Board recommended a final dividend of Rs 2.50 per share (250%) for FY26, same as the previous year. Statutory auditors Price Waterhouse Chartered Accountants LLP issued an unmodified (clean) audit opinion on both standalone and consolidated financials.
The large impairment charges represent one-time non-cash write-downs and do not reflect core business performance, which showed revenue growth. However, the net loss for the year may put near-term pressure on the stock. The unchanged dividend signals management confidence despite the loss-making year.