Latest news with #RHIMagnesitaIndia
Business Standard
4 days ago
- Business
- Business Standard
RHI Magnesita India consolidated net profit declines 51.61% in the June 2025 quarter
Sales rise 9.28% to Rs 960.32 crore Net profit of RHI Magnesita India declined 51.61% to Rs 35.27 crore in the quarter ended June 2025 as against Rs 72.88 crore during the previous quarter ended June 2024. Sales rose 9.28% to Rs 960.32 crore in the quarter ended June 2025 as against Rs 878.76 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 960.32878.76 9 OPM % 10.6417.51 - PBDT 95.01146.32 -35 PBT 47.9398.14 -51 NP 35.2772.88 -52
News18
4 days ago
- Business
- News18
RHI Magnesita India net profit dips to Rs 35 cr in Jun qtr
Agency: New Delhi, Aug 8 (PTI) RHI Magnesita India on Friday said its consolidated net profit more than halved to Rs 35.26 crore in the June quarter of FY26, impacted by higher expenses. The company, which is the leading refractory player, had logged a net profit of Rs 72.88 crore in the year-ago quarter, it said in an exchange filing. Its income grew by over 9 per cent to Rs 961.42 crore from Rs 881.76 crore a year ago, aided by an increase in shipment volumes. Total expenses surged to Rs 913.49 crore against Rs 783.62 crore in the corresponding period of FY25. The cost of materials consumed by the company was higher at Rs 400.89 crore from Rs 319.92 crore a year ago. Its 'other expenses" rose to Rs 170.74 crore from Rs 147.80 crore in April-June FY25. In a statement, Parmod Sagar – Chairman, MD & CEO of RHI Magnesita India, said, 'Our Q1 FY26 performance underscores the strength of our operating model, even in a highly commoditised and uncertain market. Our resilience is paying off, where we are able to gain market share and improve our financial results". The refractory market remains competitive, but the company is confident in market positioning and strategic levers to drive growth, improving productivity and performing safe operations at all locations, he added. RHI Magnesita is the leading global supplier of high-grade refractory products, systems and solutions, which are critical for high-temperature processes. The company has a customer base in more than 70 countries. Refractory is used by a wide range of industries, including steel, cement, non-ferrous metals and glass. PTI ABI ABI BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 08, 2025, 19:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
23-07-2025
- Business
- Time of India
Top stocks to buy today: Stock recommendations for July 23, 2025
Top stocks to buy today (AI image) Stock market recommendations: According to Mehul Kothari, DVP - Technical Research, Anand Rathi Shares and Stock Brokers, RHI Magnesita India, Exide Industries, and Swiggy are the top stocks to buy today: RHIM – Breakout Above 200 EMA/SMA Buy near: ₹510 | SL: ₹470 | Target: ₹600 RHI Magnesita India has delivered a strong breakout on the daily chart by clearing the confluence of the 200-day EMA and SMA. The breakout is accompanied by strong volumes, indicating participation. This marks a shift in trend, and the structure suggests potential upside over the next 3–6 months. Exide Industries – Long-Term Trendline Breakout Buy near: ₹386–₹394 | SL: ₹370 | Target: ₹430 Exide has broken out of a long-term falling trendline, ending its prolonged sideways movement. The breakout is supported by volumes, and the RSI is also showing strength, nearing the 60 level. This signals the start of a potential bullish phase. A positional setup with medium-term upside. Swiggy – Breakout with Sector Tailwind Buy near: ₹407 | SL: ₹380 | Target: ₹460 Following positive commentary from Zomato, Swiggy has shown a decisive breakout backed by volumes. The price action suggests potential for a move towards ₹460, which is also the 52-week high made in Feb 2025. Beyond that, ₹475 could be the next target. A strong short-term candidate. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Mint
17-06-2025
- Business
- Mint
Multibagger RHI Magnesita share price rebounds 34% from March lows. Is the rally just beginning?
Multibagger RHI Magnesita India stock in focus: After enduring severe selling pressure for over nine months, shares of RHI Magnesita India—manufacturers of special refractory products, systems, and services for the steel industry, have staged a sharp recovery in recent months, defying the volatility in the Indian stock market. The stock has surged 34% from its March low of ₹ 384 apiece to its current market price of ₹ 514, marking a strong turnaround after its slump between June 2024 and February 2025. Despite short-term volatility, the stock is still up 240% over the past five years. Although it remains 27% below its 52-week high of ₹ 702 apiece, domestic brokerage firm, Axis Securities believes the upward momentum in the stock could continue in the near term. The brokerage in its latest report maintained its 'Buy' call on the stock with a target price of ₹ 550, citing attractive valuations and improving fundamentals. Axis Securities highlighted that the stock is trading at 17x EV/EBITDA on a consensus basis compared to their FY27E estimate of 15x EV/EBITDA. It also pointed out the company's successful efforts in reducing net debt (excluding lease liabilities) to ₹ 146 crore in FY25 from ₹ 309 crore in FY24. Axis further noted that RHI Magnesita is well-positioned to benefit from rising demand, given its leadership in the Indian refractory market with a 30% market share. India is the fastest-growing refractory market globally, with a projected 6–8% CAGR. The domestic refractory market is forecast to reach $4.5 billion by 2030, driven by material innovation and organic growth. Medium-term fundamentals remain intact with steel capacity expansion (targeting 300 MT by 2030) and infrastructure-led cement demand expected to recover in FY26 with a 6–8% YoY growth outlook. In FY25, the company reported revenue of ₹ 3,674 crore, down 2.8% YoY due to pricing pressures in the competitive steel sector. EBITDA declined 12% YoY to ₹ 479 crore, with margins contracting by 140 bps due to rising input costs and intensified competition. Q4 FY25 revenue fell 9.2% QoQ and 2.7% YoY, while EBITDA stood at ₹ 93 crore, down 37.3% YoY and 25.7% QoQ. Margins contracted 560 bps YoY and 225 bps QoQ due to lower gross margins and negative operating leverage on reduced volumes. The decline was also attributed to higher alumina prices, which surged to ₹ 95,000/tonne from ₹ 65,000/tonne six months ago. However, Axis Securities expects raw material prices to ease from July 2025, potentially supporting margins due to the company's typical two-month inventory cycle. Management expects performance to improve on the back of better demand, lower input costs, targeted price hikes, and cost optimization. Volume growth for FY26 is guided at 8–10%, with EBITDA margins projected to improve to 14–15%, especially from Q2 FY26 onward. RHI Magnesita India Ltd. (RHIM) is a leading provider of high-grade refractory products and solutions that support industrial processes operating at temperatures above 1,200°C. It serves core sectors including steel, cement, non-ferrous metals, and glass. Its portfolio includes magnesia- and alumina-based bricks, isostatic components, and slide gate systems. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Standard
29-05-2025
- Business
- Business Standard
RHI Magnesita India reports consolidated net profit of Rs 36.18 crore in the March 2025 quarter
Sales decline 2.68% to Rs 917.97 crore Net profit of RHI Magnesita India reported to Rs 36.18 crore in the quarter ended March 2025 as against net loss of Rs 257.90 crore during the previous quarter ended March 2024. Sales declined 2.68% to Rs 917.97 crore in the quarter ended March 2025 as against Rs 943.29 crore during the previous quarter ended March 2024. For the full year,net profit reported to Rs 202.51 crore in the year ended March 2025 as against net loss of Rs 100.45 crore during the previous year ended March 2024. Sales declined 2.82% to Rs 3674.50 crore in the year ended March 2025 as against Rs 3781.10 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 917.97943.29 -3 3674.503781.10 -3 OPM % 10.1315.72 - 13.0414.44 - PBDT 84.49139.04 -39 462.58492.76 -6 PBT 37.8394.76 -60 262.66310.27 -15 NP 36.18-257.90 LP 202.51-100.45 LP
