RHI MAGNESITA INDIA LTD

RHI Magnesita India Limited held its Q1 FY27 earnings conference call on August 12, 2026, where management reported a strong start to the financial year, highlighting revenue growth of 9% quarter-on-quarter and 6% year-on-year, driven primarily by the steel business. EBITDA increased by 42% year-on-year, with margins improving to 14.5%. Management noted challenges in the refractory industry, including pricing pressure and rising input costs, but emphasized healthy demand in key markets such as steel and cement. The company announced a joint venture with Khemka Refractories to establish a mineral processing facility in Odisha, aimed at enhancing sustainability and operational efficiency. Leadership transitioned with Pankaj Malhan appointed as the new Managing Director and CEO. Management maintained a focus on strategic growth pillars, including market expansion and technological advancements, while addressing questions on capex and project orders.

Management emphasized strong performance and strategic growth initiatives.