RHI Magnesita Q2 net profit jumps 62 pc to over Rs 62 cr

RHI Magnesita has reported a remarkable surge in net profit, soaring to Rs 62.09 crore for the September quarter. The consolidated revenues experienced a modest increase, hitting Rs 1,038.26 crore this period. Additionally, overall expenses decreased to Rs 953.06 crore compared to the last year. EBITDA saw a 30 percent growth, reflecting operational enhancements despite challenging economic conditions.

RHI Magnesita has posted a 62 per cent year-on-year rise in consolidated net profit to Rs 62.09 crore in the September quarter, driven by higher revenues from India operations.

It had clocked Rs 38.34 crore profit in the second quarter of the preceding 2025-26 financial year, the company said in a statement.

During July-September, the company's consolidated revenues increased to Rs 1,038.26 crore from Rs 1,036.45 crore in the year-ago quarter. The refractory player reduced its expenses to Rs 953.06 crore from Rs 984.68 crore in Q2 FY26.

EBITDA at Rs 144 crore was also higher by 30 per cent year on year.

In a statement, the company's MD and CEO Pankaj Malhan said, "Our strong business model with customer-centric approach & operation excellence with disciplined execution have enabled us to deliver profitability despite rising costs. An inflationary environment, driven by external factors, has reinforced the importance of delivering measurable value to our customers."

The company also announced the appointment of Abhishek Bajaj as Chief Financial Officer and Chief Investor Relations Officer from 1st January 2027. Bajaj brings over two decades of strategic financial leadership experience, business acumen and corporate governance, the company said.

RHI Magnesita India is the leading manufacturer and supplier of high-grade

refractory products, systems and solutions which are critical for high-temperature processes exceeding 1,200 °C in a wide range of industries, including steel, Iron, cement, non-ferrous metals and glass.