Operating performance showed notable resilience as EBITDA climbed 30 percent to Rs 144 crore, supported by total expenses dropping to Rs 953.06 crore. MD and CEO Pankaj Malhan emphasized that strategic focus areas enabled the firm to sustain profitability amid rising cost pressures across the sector. Additionally, the company formalized long-term executive planning by appointing Abhishek Bajaj to lead its financial and investor relations operations starting January 2027.
Key points
Disciplined expense reduction shielded the organization from external inflationary pressu…: Disciplined expense reduction shielded the organization from external inflationary pressures despite relatively stagnant year-over-year revenue growth.
Leadership credited customer-centric strategies and operational execution for protecting…: Leadership credited customer-centric strategies and operational execution for protecting the refractory manufacturer's bottom-line performance.
Abhishek Bajaj will assume the roles of Chief Financial Officer and Chief Investor Relati…: Abhishek Bajaj will assume the roles of Chief Financial Officer and Chief Investor Relations Officer effective January 1, 2027.
Sources checked by our analysis pipeline: 1
It had clocked Rs 38.34 crore profit in the second quarter of the preceding 2025-26 financial year, the company said in a statement.
During July-September, the company's consolidated revenues increased to Rs 1,038.26 crore from Rs 1,036.45 crore in the year-ago quarter. The refractory player reduced its expenses to Rs 953.06 crore from Rs 984.68 crore in Q2 FY26.
EBITDA at Rs 144 crore was also higher by 30 per cent year on year.
In a statement, the company's MD and CEO Pankaj Malhan said, "Our strong business model with customer-centric approach & operation excellence with disciplined execution have enabled us to deliver profitability despite rising costs. An inflationary environment, driven by external factors, has reinforced the importance of delivering measurable value to our customers."
The company also announced the appointment of Abhishek Bajaj as Chief Financial Officer and Chief Investor Relations Officer from 1st January 2027. Bajaj brings over two decades of strategic financial leadership experience, business acumen and corporate governance, the company said.
RHI Magnesita India is the leading manufacturer and supplier of high-grade refractory products, systems and…
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