RHI Magnesita India: FY25-26 Revenue Up 9% to ₹4,020 Cr; Hits Robotic Caster Milestone
RHI Magnesita India reported 9% revenue growth to ₹4,020 crore for FY25-26, with adjusted EBITDA of ₹477 crore and a 12% margin. The company commissioned India's first robotic caster system for JSW Vijayanagar Metallics Limited, a JSW Steel subsidiary, and acquired Ashwath Technologies to expand its steel flow control offerings.
How this was made

The 30-second read
Why it matters
The earnings release provides fresh data on revenue growth, margin stability, and strategic automation progress.
Market read
First‑time earnings disclosure for RHI India, indicating solid performance and a technology upgrade that could influence sector peers.
What to watch
The robotic caster rollout may require significant capex and integration risk.
Background
RHI Magnesita India operates in the refractory market serving steel producers; FY25‑26 results were released after the fiscal year ended March 2026.
Ticker impact
RHI Magnesita India posted FY25-26 revenue of ₹4,020 cr (+9% YoY) and adjusted EBITDA margin of 12% in its first earnings release.
Potential upside for RHI stock as investors price in better-than-expected earnings.
The earnings beat on revenue and margin is a fresh primary disclosure for a mid‑cap industrial player.
Market effects
Refractory and industrial materials sector may see renewed interest due to automation milestone.
Positive earnings could boost sentiment toward Indian industrial stocks.
Limited; primarily affects Indian and niche industrial investors.
Counterpoint
Margin pressure from input cost inflation could erode future profitability if pricing power weakens.
Key entities
- CompanyRHI Magnesita India
Refractory manufacturer and subsidiary of RHI Magnesita.
- CompanyJSW Steel
Parent of the subsidiary where the robotic caster was commissioned.


