RHI MAGNESITA INDIA LTD has informed the Exchange regarding a press release dated May 29, 2026, titled "Record Revenue of ₹4,000+ Crore & Record Cash Flow Sustainable Growth and Resilient Spirit in an Ever-Changing World".
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RHI Magnesita India reported record FY2026 revenue of ₹4,020 crore, up 9% YoY, with shipment volumes at 523 KT (+5% YoY). Adjusted EBITDA came in at ₹477 crore and adjusted PAT at ₹180 crore. The company turned net cash positive with Net Debt/EBITDA at -0.1x and generated operating cash flows of ₹409 crore. Despite pricing pressures, excess industry capacity, inflationary trends, and intense competition, management credited resilience to its 4PRO model that de-commoditizes the refractory business through integrated, value-added solutions. Management noted one-time exceptional impairment of goodwill due to geopolitical situation and market over-capacity.
Strong top-line growth and record cash generation indicate operational resilience, though pricing pressures and market over-capacity remain headwinds. The net cash position signals a healthy balance sheet, but margin expansion may be limited in the near term given industry conditions.