RHI Magnesita India Reports 16% EBITDA Growth in Q1 FY25

RHI Magnesita India Limited has announced its unaudited consolidated financial results for the quarter ended June 30, 2024 (Q1 FY 2025).

The company reported a 16% growth in EBITDA compared to the same quarter of the previous financial year. However, the company recorded revenue of ₹878 crore for Q1 FY25, a slight decline from ₹928 crore in the same quarter of the previous year.

The company stated that it firmly believes that the growth of India’s GDP will necessitate the refractory industry to play a pivotal role in realising the vision of a “Viksit Bharat” (Developed India). As the market leader in the refractory sector, RHIM India is strategically positioned to leverage this opportunity and contribute to the country’s infrastructure development.

Looking forward, the company is focused on capitalising on the stability provided by the government’s policy, which places emphasis on infrastructure. This focus not only aligns with the broader economic goals of the country but also strengthens RHI Magnesita India’s commitment to its strategic objectives. These objectives include advancing recycling initiatives for decarbonisation and enhancing safety measures across its operations.

The MD and CEO of RHI Magnesita India, Parmod Sagar, said, “We are pleased to report that we have delivered the highest margins since the completion of acquisitions over a year ago. We are advancing towards our strategic initiatives to increase our market share (iron-making, flow control), and achieve operational excellence & synergies. End-user industries have witnessed a slowdown due to cheaper imports, and increases in raw material and freight prices have presented new challenges. We have successfully navigated this volatility by maintaining strong margins and achieving sustainable and profitable growth.”

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