What was Rhi Magnesita India's revenue in Q3 FY26?

Rhi Magnesita India reported revenue of ₹1,092 Cr in Q3 FY26, a +8% change year-over-year.

Did Rhi Magnesita India management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Rhi Magnesita India Q3 FY26 Research Workspace: Revenue ₹1,092 Cr (+8%)

Q: What guidance did Rhi Magnesita India management give?

Sustainable EBITDA margin of 14-15%: Management targets a sustainable EBITDA margin of 14-15% in the medium term, driven by cost optimization and product mix improvements.

Revenue ₹1,092 Cr +8%

EBITDA ₹150 Cr +14%

PAT ₹62 Cr +29%

EBITDA Margin 13.7% +300bps

Duration 60 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

RHI Magnesita India delivered a record quarterly revenue of ₹1,092 crore (+8% YoY) and EBITDA of ₹150 crore (+14% YoY), with EBITDA margin expanding to 13.7% (+300 bps YoY). PAT surged 29% YoY to ₹62 crore. Growth was driven by strong project deliveries in iron making, flow control, and fourpro wins, along with improved product mix and operational efficiencies. The company turned net cash (₹35 crore) from net debt of ₹200 crore in Q2. Management guided for sustainable margins of 14-15% and expects Q4 to be similar or slightly better. Key risks include intense competition from imports and domestic overcapacity, which may limit pricing power. The company is focusing on localization, recycling, and cost optimization to protect margins.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Intense competition and pricing pressure

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Quarter Snapshot

Capacity Utilization 64%

+9pp YoY

Consolidated capacity utilization improved from 55-60% in prior periods.

Realization per Metric Ton ₹80,410

+9.8% QoQ

Average realization improved sequentially from ₹73,237 due to better product mix and performance bonuses.

Market Share in Steel 32%

flat

Steel market share remained stable at 32% as per management commentary.

Market Share in Cement 41%

flat

Cement market share stood at approximately 41%.

Fast read

Guidance and risk preview

Top guidance Sustainable EBITDA margin of 14-15%

Management targets a sustainable EBITDA margin of 14-15% in the medium term, driven by cost optimization and product mix improvements.

Top risk Intense competition and pricing pressure

Domestic overcapacity and aggressive pricing by competitors, including imports, limit the company's ability to pass on cost increases.