RHI Magnesita India reports 8% Y-o-Y rise in Q4 FY 23-24 revenue

  • Industry News
  • May 30,24
The total income of the company stands at Rs 37.92 billion; up 38% Y-o-Y.
RHI Magnesita India reports 8% Y-o-Y rise in Q4 FY 23-24 revenue

RHI Magnesita India Limited, the leading manufacturer and supplier of high-grade refractory products, systems and solutions, has reported consolidated financial results for the quarter and year ended March 31, 2024. The company registered 8% growth in revenue compared to the same quarter of the previous financial year. The Q4 FY 2023-24 revenue stood at Rs 9.43 billion, as compared to Rs 8.74 billion during the Q4 FY 2022-23. The PBT(excluding one-time exceptional items) stood at Rs 950 million during Q4 FY24.
 
Commenting on the results, Parmod Sagar, MD & CEO, RHI Magnesita India Ltd said, “Our fourth quarter results underlined again the attractive growth and resilient results of our business. We have excelled by strategically enhancing our operational efficiencies, driving remarkable and sustained growth. The seamless integration of recent acquisitions has unlocked significant synergies, reflected in the impressive rise in profitability. Our EBITDA and revenue saw substantial year-on-year growth of 49% and 39% respectively. Our rigorous cost optimisation initiatives have led to outstanding year-on-year margin improvements this quarter. As we expand our strong presence in iron-making, pellet, and DRI, we are poised to continue leveraging our extensive market reach, diverse product portfolio, and exceptional expertise in Total Refractory Management and Services."

Related Stories

Gears, Motors & Drives
Danfoss India unveils New Gen Intelligent drives - iC2 and iC7

Danfoss India unveils New Gen Intelligent drives - iC2 and iC7

iC2 is an all-round drive that can improve efficiency by 40% and supports IM, IPM, and SPM motors.

Read more
Auto & Auto Components
CMS to manufacture Zbee e-3Ws  in Pune; eyes global expansion

CMS to manufacture Zbee e-3Ws in Pune; eyes global expansion

The company intends to manufacture the Zbee in India for global export.

Read more
Policy Regulation
FICCI president asks Modi govt to focus on 'Making in India for the world'

FICCI president asks Modi govt to focus on 'Making in India for the world'

The imperative to establish India as a premier manufacturing hub by reducing costs, enhancing ease of doing business reforms, and positioning the nation as a destination for high-quality products.

Read more

Related Products

Heavy Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of heavy industrial ovens.


Read more

Request a Quote

High Quality Industrial Ovens

INDUSTRIAL SUPPLIES

Hansa Enterprises offers a wide range of high quality industrial ovens. Read more

Request a Quote

Hydro Extractor

INDUSTRIAL SUPPLIES

Guruson International offers a wide range of cone hydro extractor. Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back