RHIM Q1 FY27 Earnings Call Transcript Released; Welcomes New MD & CEO
RHIM reported Q1 FY27 revenue of ₹1,014 crore, up 9% QoQ, and EBITDA of ₹147 crore, up 42% YoY. Profit after tax nearly doubled to ₹65 crore. The company announced a new MD & CEO, Pankaj Malhan, and a JV for a mineral processing facility with ₹35 crore investment. Quartzite mines are expected to open by Q4 FY26.
The strong financial performance, strategic expansion through a new JV and mining operations, and a clear vision for future growth under new leadership are significant developments for the company and its stakeholders.
The company reported strong financial results with significant growth in revenue, EBITDA, and profit after tax. The announcement also includes positive strategic initiatives like a new JV and backward integration through mining, alongside a leadership transition with a clear vision for future growth.
RHI Magnesita India Limited (RHIM) has released the transcript of its conference call held on August 12, 2026, to discuss the earnings performance for the quarter ended June 30, 2026. The company reported a strong start to FY27, with revenue growth and significant profitability improvement despite a challenging operating environment. Revenue from operations for Q1 FY27 stood at ₹1,014 crore, a 9% quarter-on-quarter and 6% year-on-year increase, primarily driven by the steel business. EBITDA for the quarter was ₹147 crore, a 42% year-on-year increase, with EBITDA margin improving to 14.5% from 10.8% in Q1 FY26. Profit after tax nearly doubled to ₹65 crore from ₹35 crore in Q1 FY26.
The company highlighted a strategic investment in a joint venture with Khemka Refractories, MINPRO, to establish a greenfield mineral processing facility in Odisha. The initial investment is estimated at ₹35 crore over two years, with expected EBITDA of 8-10% and a payback period of less than three years. Encouragingly, the company is also working on backward integration for quartzite mining with two mines, Chiraipani and Bhikampali, expected to open by the end of the current quarter, providing a solid structural benefit in terms of cost structure starting next quarter.
During the call, Mr. Parmod Sagar transitioned from MD & CEO to Chairman, welcoming Mr. Pankaj Malhan as the new Managing Director and Chief Executive Officer. Mr. Malhan outlined five strategic pillars for future growth: outpacing the market in high-growth segments, expanding the 4PRO model for tailored solutions, accelerating digitization and technology adoption, driving cost competitiveness through backward integration and recycling, and focusing on sustainability.
The company expects project orders, including coke oven and glass projects, to contribute from the second half of the year. The outlook for magnesite prices has seen an increase of 6-8%, and the company is exploring cost optimization and price adjustments. The company remains firm on its EBITDA margin guidance of 13% for the year, despite inflationary pressures and market volatility. RHIM also aims to introduce 4-5 new products from its parent company's portfolio within the next year.
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RHI MAGNESITA INDIA LIMITED filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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