From The Economic Times · PTI · · 1m
RHI Magnesita Q2 Profit Surges
RHI Magnesita's Q2 net profit jumps 62% to over Rs 62 crore, driven by strong Indian operations.
In brief
RHI Magnesita's Q2 net profit jumps 62% to over Rs 62 crore, driven by strong Indian operations. RHI Magnesita reported a 62% year-on-year increase in Q2 net profit to Rs 62.09 crore, boosted by higher revenues from India. Originally reported by The Economic Times.
Q2 Profit Jump
RHI Magnesita reported a 62 per cent year-on-year rise in consolidated net profit to Rs 62.09 crore in the September quarter.
Revenue Growth
Consolidated revenues increased to Rs 1,038.26 crore from Rs 1,036.45 crore in the year-ago quarter.
Expense Reduction
The company reduced expenses to Rs 953.06 crore from Rs 984.68 crore in Q2 FY26.
EBITDA Boost
EBITDA rose 30 per cent year on year to Rs 144 crore.
CEO Statement
MD and CEO Pankaj Malhan cited customer-centric approach and operation excellence as key to profitability despite rising costs.
“Our strong business model with customer-centric approach & operation excellence with disciplined execution have enabled us to deliver profitability despite rising costs.”
New CFO Appointment
Abhishek Bajaj joins as CFO and Chief Investor Relations Officer effective January 2027 after two decades of strategic financial leadership.
At a glance
RHI Magnesita reported a 62% year-on-year increase in Q2 net profit to Rs 62.09 crore, boosted by higher revenues from India.
/https://i.s3.glbimg.com/v1/AUTH_37554604729d4b2f9f3eb9ad8a691345/internal_photos/bs/2026/S/X/uqKsPdTjW1WnJuxzacPA/foto13agr-101-mbfr-b12.jpg)
/https://i.s3.glbimg.com/v1/AUTH_63b422c2caee4269b8b34177e8876b93/internal_photos/bs/2025/6/2/7CvswaQ0ahIpLICkMtKQ/logo-btg-2.png){kind=logo}