RHI Magnesita India Ltd's Q3FY25 Quarter Results
- 12 Feb 2025
Result Summary
- RHI Magnesita India Ltd reported a 15.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 10.1%.
- Its expenses for the quarter were up by 16.2% QoQ and 9.5% YoY.
- The net profit increased 3.6% QoQ and increased 20.7% YoY.
- The earnings per share (EPS) of RHI Magnesita India Ltd stood at 2.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1017.48 | 882.46 | 924.33 | 15.3% | 10.1% |
Total Expenses | 953.19 | 820.07 | 870.45 | 16.2% | 9.5% |
Profit Before Tax | 64.30 | 62.39 | 53.88 | 3.1% | 19.3% |
Tax | 16.76 | 16.48 | 14.50 | 1.7% | 15.6% |
Profit After Tax | 47.54 | 45.91 | 39.38 | 3.6% | 20.7% |
Earnings Per Share | 2.30 | 2.20 | 1.90 | 4.5% | 21.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
RHI Magnesita India Ltd is a prominent player in the refractories industry, which is dedicated to producing high-quality refractory products utilized in high-temperature industrial processes. Refractories are essential materials used in industries such as steel, cement, and glass, where they serve as linings for furnaces, kilns, incinerators, and reactors. The company is part of the global RHI Magnesita Group, a leading supplier of refractory products and solutions. Recent developments in the company, as of the data available, are not explicitly mentioned, but RHI Magnesita India Ltd continues to focus on innovation and service enhancements to maintain its competitive edge in the market.
Revenue
In the third quarter of fiscal year 2025, RHI Magnesita India Ltd reported a total income of ₹1017.48 crores, marking a 15.3% increase from the previous quarter's total income of ₹882.46 crores. This also represents a 10.1% year-over-year growth compared to the same quarter in the previous fiscal year, where the total income was ₹924.33 crores. This increase in revenue suggests that the company has experienced a robust period with substantial growth both on a quarterly and annual basis.
Profitability
The profitability of RHI Magnesita India Ltd has shown positive trends in the third quarter of fiscal year 2025. The profit before tax was ₹64.30 crores, reflecting a 3.1% increase from the previous quarter's profit before tax of ₹62.39 crores. On a year-over-year basis, there was a significant 19.3% increase from ₹53.88 crores. The profit after tax for the same period was ₹47.54 crores, which is a 3.6% rise from the previous quarter and a 20.7% increase from the previous year. The earnings per share also grew by 4.5% quarter-over-quarter and 21.1% year-over-year to ₹2.30, indicating enhanced profitability for the company.
Operating Metrics
The total expenses for RHI Magnesita India Ltd in Q3FY25 were ₹953.19 crores, up 16.2% from ₹820.07 crores in Q2FY25 and 9.5% higher than ₹870.45 crores in Q3FY24. The tax expense for the quarter was ₹16.76 crores, which represents a 1.7% increase from the previous quarter and a 15.6% rise from the same quarter in the previous year. These figures demonstrate an increase in operational costs which is in line with the growth in revenue, reflecting the company's expanded operations during this period. The detailed metrics provide a comprehensive view of the company's financial performance and operational efficiency over the recent quarters.
