Press Release enclosed
RHIM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RHI Magnesita India reported record FY2026 results with revenue of ₹4,020 crore, up 9% YoY, and shipment volumes of 523 KT (up 5% YoY). Adjusted EBITDA stood at ₹477 crore with adjusted PAT of ₹180 crore. Operating cash flows reached a record ₹409 crore, and the company achieved a net cash position (Net Debt/EBITDA at -0.1x). The company noted one-time exceptional impacts from goodwill impairment due to geopolitical situation and market overcapacity, along with employee costs from the New Wage Code change. The 4PRO model strategy helped de-commoditize the refractory business through integrated, value-added solutions.
Strong operational performance with record cash generation and a net cash balance signals financial resilience despite pricing pressures and industry overcapacity. The exceptional goodwill impairment is a one-time charge that does not affect underlying business operations.