RHI MAGNESITA INDIA LIMITED — PPTs, 08-08-2025: Investor Presentation

**Financial Highlights:**

Revenue from operations increased 4.6% to ₹960.32 Cr in Q1 FY26. Profit Before Tax surged 27% to ₹47.93 Cr, with Operating EBITDA growing 10% to ₹103.33 Cr, boosting margins to 10.8%. The Net Debt/EBITDA ratio improved to 0.2x from 0.3x. Strong cash generation underpins financial stability, with profitability expected to further improve from recipe optimization and lower input costs.

**Strategic Initiatives & Growth Drivers:**

The company is focused on productivity and recipe optimization. It successfully deployed India’s first complete robotic steel caster system, enhancing safety, productivity, and reliability, advancing its 4PRO business model. Strategic initiatives in Iron making are progressing robustly, complemented by continuous R&D and product harmonization across plants.

**Business Developments:**

A key development is the acquisition of Ashwath Technologies for ₹14 Cr, which strengthens steel flow control machinery capabilities and expands the product offering. The company also secured market share in commodity segments and implemented key price increases to offset raw material impacts.

**Market Position & Competitive Advantage:**

RHI Magnesita India maintains its market leadership with a 30% share in the Indian refractories market. A strong customer base, balanced product portfolio from recent acquisitions, and backing from the global RHI Magnesita group's technology and R&D provide a significant competitive advantage.

**Investor Implications:**

The robust Q1 performance, reduced debt, and strategic acquisitions signal positive growth potential. Continued focus on efficiency gains through technology adoption and market share expansion could drive future value. Investors should monitor the company's ability to sustain margin improvements amidst cost dynamics.