RHI MAGNESITA INDIA LTD has informed the Exchange about Investor Presentation
RHIM · price
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Awaiting price reaction for this filing.
RHI Magnesita India reported record Q3 FY26 revenue of ₹1,092 crore, up 5.5% quarter-on-quarter, driven by 4PRO contract wins across integrated steel plants and mini-mills, along with iron-making OEM orders. Adjusted EBITDA jumped 36% QoQ to ₹150 crore with margin expanding from 10.7% to 13.7%, supported by pricing discipline, one-time PSU performance bonuses, recipe optimization, and softer alumina prices. The company achieved a milestone of negative net leverage (Net Debt/EBITDA at -0.1x) for the first time post-acquisition, with operating cash flow surging 627% and working capital intensity improving from 38% to 32%. Profit before tax rose 72% to ₹89 crore and EPS grew 62%, though margins faced some pressure from rupee depreciation and a one-time exceptional item related to the new labor wage code.
Strong quarterly performance with record revenue, expanding margins, and a net cash balance sheet signals improving financial health and could be positive for the stock. However, the exceptional wage code charge and forex headwinds are worth monitoring for margin sustainability.