RHI MAGNESITA INDIA LTD has informed the Exchange regarding Outcome of Board meeting held on August 08, 2025.
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Awaiting price reaction for this filing.
RHI Magnesita India's board approved unaudited consolidated and standalone financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations rose to Rs. 96,031.56 lakhs (up ~9.3% YoY from Rs. 87,875.89 lakhs), but net profit fell sharply to Rs. 3,526.79 lakhs (down ~51.6% YoY from Rs. 7,288.06 lakhs), with EPS at Rs. 1.71 vs Rs. 3.53 in Q1 FY25. On a standalone basis, revenue grew ~14.8% YoY to Rs. 80,526.92 lakhs while net profit declined to Rs. 4,654.03 lakhs (from Rs. 8,164.04 lakhs), with EPS of Rs. 2.25. Price Waterhouse issued unqualified limited review reports. The board also appointed Mr. Naresh Verma as Secretarial Auditor for a 5-year term until the 2030 AGM, subject to shareholder approval. Additionally, subsidiary IEIPL completed the 100% acquisition of Ashwath Technologies for Rs. 1,411.89 lakhs on August 1, 2025.
Mixed quarter — top-line growth is healthy but a sharp ~52% YoY drop in consolidated profit and margin compression could pressure the stock in the short term. The Ashwath acquisition and continued subsidiary investments signal growth focus, which may support sentiment over the longer term.