Q2 2026 RHI Magnesita India Ltd Earnings Call Transcript
Key Points
- RHI Magnesita India Ltd (BOM:534076) achieved its highest ever quarterly revenue of INR1,035 crores in Q2 FY26, reflecting a sequential growth of approximately 8% over Q1 FY26 and a year-on-year increase of nearly 19% versus Q2 FY25.
- The company reported a 9% quarter-on-quarter increase in shipment volume, driven by strong underlying demand and significant market share expansion.
- RHI Magnesita India Ltd (BOM:534076) has secured long-term contracts and received price increases in specialized markets, contributing to market share gains.
- The integration with Ashwath Technologies is progressing well, and strategic initiatives in 4PRO and TRM are delivering tangible results.
- The company is optimistic about improving margins in the coming quarters through cost optimization, product innovation, and better raw material pricing.
- Margins remain under pressure due to industry-wide issues and competitive pricing in the steel and cement sectors.
- The cement sector experienced lower production and squeezed margins due to unseasonal monsoons.
- Despite a reduction in alumina costs, raw material costs remained flat quarter-on-quarter due to changes in product mix and foreign exchange depreciation.
- The company faces intense competition in non-specialty business areas, with new entrants offering unsustainable pricing.
- Receivables increased significantly in the quarter, although the situation improved in October with record collections.
Good day, and welcome to RHI Magnesita India Limited Q2 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Rajesh Majumdar. Thank you, and over to you, sir.
Good morning, everyone, and welcome to the Q2 and H1 FY26 conference call of RHI Magnesita India. We have with us today Mr. Parmod Sagar, Chairman, MD and CEO; and Mr. Azim Syed, CFO of the company, joining us in this call. Kindly remember that any conversation made in this call may be forward-looking and the statutory investor there.
Without much ado, I'd like to hand over the call to Mr. Parmod Sagar now for his opening remarks. Thank you.
Thank you, Rajeshji. Very good morning to everyone, and thank you so much for joining us today. RHI Magnesita has an unwavering commitment
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