RHI Magnesita India News

RHI Magnesita Appoints Alvaro Martin Rivero as Director

RHI Magnesita India Limited's Board approves appointment of Alvaro Martin Rivero as Additional Non-Executive Director effective January 14, 2026, subject to shareholder approval.

RHI Magnesita India Reports Record Revenue of ₹1,035 Crore in Q2FY26

RHI Magnesita India Limited, a manufacturer and supplier of high-grade refractory products, reported unaudited consolidated financial results for Q2FY26. The company achieved record quarterly revenue of ₹1,035 crore, marking an 8% quarter-on-quarter increase. Shipment volumes reached 141 KT, up 9% QoQ. EBITDA stood at ₹111 crore (7% QoQ increase) and profit after tax was ₹38 crore (9% QoQ increase). Chairman, MD & CEO Parmod Sagar highlighted this as the highest quarterly turnover in company history, with revenue crossing ₹1,000 crore once again. He noted strong performance across all segments despite input cost pressures, with the Ironmaking segment and 4PRO solutions model delivering consistent value. The company also issued a corrigendum correcting a clerical error in their earlier press release, clarifying that the results were unaudited rather than audited consolidated financial results.