Q1 2027 RHI Magnesita India Ltd Earnings Call Transcript
Key Points
- Strong start to FY27 with revenue growth of 6% YoY and 9% QoQ, reaching INR1,014 crore.
- Significant improvement in profitability, with EBITDA up 42% YoY and margin expanding to 14.5% from 10.8%.
- Profit after tax nearly doubled to INR65 crore from INR35 crore in the same quarter last year.
- Healthy demand across key end markets, particularly steel and cement, with steel production growth and capacity expansion projects.
- Strategic initiatives like the MINPRO JV and quartzite mining are expected to enhance cost competitiveness and supply chain resilience.
- Competitive environment with pricing pressure and rising input costs, including a 6-8% increase in magnesite prices.
- Volume growth guidance tempered to 7-8% for the year, below the earlier upper end of 9%.
- Industrial segment (non-ferrous, glass) was weak with no project orders in Q1, with expectations of recovery only in H2.
- Export business has declined, with exports reducing from the previous quarter.
- Geopolitical uncertainties and inflationary pressures on raw materials, logistics, and energy costs continue to pose challenges.
Ladies and gentlemen, good day, and welcome to the RHI Magnesita India Limited Q1 FY27 earnings conference call.
(Operator Instructions)
Before we get started, I would like to point out that some statements made or discussed on today's call may be forward-looking in nature and must be viewed in conjunction with the risks and uncertainties that we face. The company does not undertake to update these forward-looking statements publicly. I now hand the conference over to Mr. Parmod Sagar, Chairman from RHI Magnesita India Limited.
Thank you, and over to you, sir.
Thank you very much. Good morning, everyone, and thanks for joining us. It is a pleasure to welcome all of you for this earnings conference call for the first-quarter of financial year '27. Safety remains our highest priority at RHI Magnesita. We will continue to invest in our safety programs and make safety progress for Zero Harm and the well-being of our people.
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