RHI MAGNESITA INDIA LIMITED — PPTs, 11-08-2026: Investor Presentation

RHI Magnesita India saw a strong Q1 FY27, with revenue hitting ₹1,014 Cr, up 9% quarter-over-quarter (QoQ), mainly driven by robust steel segment performance, benefiting from favorable prices and volumes. Adjusted EBITDA surged 30% QoQ to ₹147 Cr, pushing the margin to 14.5%. Adjusted EPS also jumped 66% QoQ to ₹3.1.

The company is strategically focused on expanding its 4PRO contracts, which are transforming product supply into strategic partnerships with advanced tech like robotics in caster operations and digital kiln inspections. They're also gaining market share in Flow Control and non-cement industrial segments. Recent notable developments include the launch of MINPRO, a joint venture with Khemka Refractories, to build a circular refractory ecosystem, enhancing raw material security and sustainability. Operational improvements include backward integration in quartzite mines and advanced automated drying technology.

Management notes that while the refractory industry faces pricing pressure and rising costs, the steel and cement sectors show robust growth. RHI Magnesita aims to outgrow the market through localization, cost efficiency, and innovation, including a ~7% reduction in energy consumption and ~6% in CO2 emissions year-on-year. Their goal is to build a higher-quality, less commoditized industrial solutions business.