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RHI Magnesita

Q1 FY27Industrial Products

RHI Magnesita Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹367
Market cap₹7.7K Cr
P/E41.4
Updated25 Aug 2026
Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueSlow growth
MarginMargins steady
CapexCapex planned

The short version

The company aims to outpace market growth, focusing on customer engagement, technology adoption (4PRO model), digitalization, and structural cost improvements. Management aims to outpace market growth, leveraging customer engagement, technology adoption (4PRO model, digitalization), and cost structure improvements.

From RHI Magnesita's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Slow growth
  • The company aims to outpace market growth, focusing on customer engagement, technology adoption (4PRO model), digitalization, and structural cost improvements.
  • Indian steel sector is growing strongly (~7-8% growth in H1), positioning the company well for growth aligned with steel demand.
  • Steel sector capex is expected at INR50,000-60,000 crores this financial year, providing significant headroom for refractory industry growth.
  • Volume growth guidance is around 7-8% for FY27; 9% is seen as a stretch.
  • Expansion into services and solutions beyond product sales is planned, moving towards automation, digital solutions, and AI to add customer value over the next 3-5 years.
  • The company expects contributions from project orders (coke oven and glass projects) starting from H2 FY27, supporting growth.

2 more points from RHI Magnesita's call on revenue

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Planned capex for FY27 remains INR 80-100 crores, including modernization of Dalmia plants, 4PRO machinery, robotic solutions, and maintenance projects. (Page 12)
  • INR 35 crores initial investment planned for MINPRO JV over next 2 years; expected EBITDA of 8-10% with payback under 3 years. Funding split: 51% RHI Magnesita India, 49% JV partner Khemka. (Page 6)
  • Quartzite mining projects (Chiraipani and Bhikampali mines) to start by end of current quarter, providing cost and supply resilience benefits. (Pages 11-12)

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • No project orders impacted Q1 FY27 revenue; mainly steel operations contributed.
  • Project orders anticipated in second half of the year, specifically silica and glass projects expected in Q3 and Q4.
  • Coke oven project negotiation is at final stage; production expected to start next month, spanning 14-16 months.
  • Order book visibility is emphasized as these are long-term projects supporting market growth.
  • Focus remains on expanding business with public sector, leveraging captive mines for supply resilience.
  • New products and technology transfers are planned to enhance market offering in India within a year.

2 more points from RHI Magnesita's call on order book

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RHI Magnesita — Quarterly revenue & net profit

Revenue Net profit
Sep 2024Q2 FY25
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q3 FY26): revenue ₹1.1K Cr, net profit ₹62 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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🔎 Who's planning the most growth?

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Frequently Asked Questions

What were RHI Magnesita Q1 FY27 results?

The company aims to outpace market growth, focusing on customer engagement, technology adoption (4PRO model), digitalization, and structural cost improvements. Management aims to outpace market growth, leveraging customer engagement, technology adoption (4PRO model, digitalization), and cost structure improvements.

What is RHI Magnesita share price analysis?

RHI Magnesita currently shows a neutral. The stock trades at a P/E of 41.4 with a market cap of ₹7,749 Cr. Investors should review the full earnings analysis for detailed insights.

Is RHI Magnesita planning capital expenditure?

Planned capex for FY27 remains INR 80-100 crores, including modernization of Dalmia plants, 4PRO machinery, robotic solutions, and maintenance projects.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.