RHI MAGNESITA INDIA LIMITED — Investor Meet, 20-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

RHI Magnesita India achieved record Q3 FY26 revenue of INR 1,092 Cr (+8% YoY), with EBITDA at 13.7% (+14% YoY) and PAT of INR 62 Cr (+29% YoY). This growth was driven by an improved product mix and 4PRO contract wins. Operating cash flow reached a record INR 289 Cr, moving the company to a net cash position of INR 35 Cr. Management highlights strong fundamentals, strategic focus on 4PRO expansion and iron-making, and ongoing cost optimization amidst market headwinds from overcapacity and imports. The company secured a major 4PRO contract with Tata Steel Ludhiana and is localizing more products. Outlook is cautiously optimistic for sustainable margins.