RHI Magnesita India Ltd
RHI Magnesita India Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Company expects to outperform the market growth by approximately 2% in volume terms. FY '27 EBITDA margin guidance is around 13%, with potential for Q1 to be stronger than average due to pending price increases effective May-June and improved fixed cost absorption from projects.
From RHI Magnesita India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Company expects to outperform the market growth by approximately 2% in volume terms.
- Market growth is around 6%; company aims for ~8% volume growth.
- Strong order book secured for the next 18 months, including large coke oven projects.
- Growth driven by iron making segments (DRI and pellet business), ladle solutions, electronic arc furnace projects, tundish and ladle slide gate solutions.
- Focus on expanding into new industrial segments such as petrochemicals (post-RESCO acquisition).
- Revenues grew 9% YoY to INR 4,000 crores in FY '26; shipments up 5% to 523 kilotons.
- Cement sector volumes temporarily down due to cyclical lean periods but expected recovery in Q1.
- Aim to increase revenue by 14% in Dalmia assets segment.
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Profitability & Margins
See what RHI Magnesita India Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capex guidance for FY '27 and FY '28 is around INR 150 crores.
- Maintenance capex component is approximately INR 40-50 crores.
- Remaining capex is divided into:
- Sales capex related to new 4PRO robotics machinery providing immediate benefits.
- Structural growth capex aimed at long-term expansion.
- Capex not limited to Dalmia plant; also includes Bhiwadi and Jamshedpur facilities.
- Focus on operational excellence, product innovation, selective capacity enhancement, automation, and sustainability initiatives.
- Capex funded internally from the company’s cash-positive balance sheet; no major transactions planned.
- Strategic emphasis on expanding 4PRO platform for high value-added solutions.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
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
- The company has a strong order book secured for the next 18 months, including one of the largest coke oven projects with a major integrated steel player.
- The coke oven order is for 2 coke oven batteries, totaling over 30,000 tonnes, ensuring continuous production and better fixed cost absorption.
- There are expectations of at least 2 more coke oven projects from 5 upcoming batteries in the next 2-3 years, supporting ongoing high-level production.
- 4PRO contracts signed in January 2026 contribute to organic growth, with start-up costs leading to increased margins and revenue in upcoming quarters.
- Industrial non-cement projects are included in the 13% EBITDA margin guidance, showing growth beyond cement sector.
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RHI Magnesita India Ltd — Quarterly revenue & net profit
Q4 FY26 figures are not in this chart yet. Latest shown: Dec 2025 (Q3 FY26). The Q4 FY26 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.
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What RHI Magnesita India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were RHI Magnesita India Ltd Q4 FY26 results?
Company expects to outperform the market growth by approximately 2% in volume terms. FY '27 EBITDA margin guidance is around 13%, with potential for Q1 to be stronger than average due to pending price increases effective May-June and improved fixed cost absorption from projects.
What is RHI Magnesita India Ltd share price analysis?
RHI Magnesita India Ltd currently shows a neutral. The stock trades at a P/E of 76.7 with a market cap of ₹8,446 Cr. Investors should review the full earnings analysis for detailed insights.
Is RHI Magnesita India Ltd planning capital expenditure?
Capex guidance for FY '27 and FY '28 is around INR 150 crores.
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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.