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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
28 announcements match the current filters (relevance ≥ 5).
RHIM to Merge Subsidiaries Intermetal and Ashwath Technologies to Simplify Corporate Structure
RHI Magnesita India Limited (RHIM) has approved the merger of its wholly-owned subsidiary, Intermetal Engineers (India) Private Limited, into Ashwath Technologies Private Limited. Intermetal reported a turnover of Rs. 547.44 Lakh, while Ashwath reported Rs. 1,737.68 Lakh for the year ended 2026. This internal restructuring aims to eliminate a holding company layer, as Ashwath was previously a subsidiary of Intermetal. Post-merger, Ashwath will become a direct 100% subsidiary of RHIM, streamlining management and reducing operational costs.
Key Highlights
Merger of Intermetal Engineers (Turnover: Rs. 547.44 Lakh) into Ashwath Technologies (Turnover: Rs. 1,737.68 Lakh)
The appointed date for the scheme of amalgamation is set as April 1, 2026
RHIM will receive 10,000 equity shares of Ashwath Technologies as part of the share exchange ratio
Restructuring eliminates one layer of subsidiaries, making Ashwath a direct 100% subsidiary of RHIM
Aims to reduce duplication of administrative, legal, and compliance costs across the group
👀 What to Watch
This is a routine internal restructuring to improve operational efficiency and has no impact on consolidated financials. Investors should view this as a positive step toward corporate simplification and cost management.
RHIM Subsidiary to Sell Bhilai Plant Land and Machinery Following 2024 Closure
RHI Magnesita India's wholly-owned subsidiary, RHIMIRL, has received board approval to sell its industrial land and fixed machinery at the Bhilai plant in Chhattisgarh. This facility had previously ceased operations on May 31, 2024, as part of a prior strategic decision. The sale represents a monetization of idle assets following the plant's closure two years ago. While the transaction value is not yet disclosed, the move aims to streamline the subsidiary's balance sheet.
Key Highlights
Board of RHIMIRL approved the sale of industrial land and fixed machinery on May 20, 2026.
The Bhilai manufacturing facility had been officially closed since May 31, 2024.
RHIMIRL is a 100% wholly-owned subsidiary of RHI Magnesita India Limited.
The transaction involves the disposal of both land and fixed plant assets at the Chhattisgarh site.
👀 What to Watch
Monitor for further disclosures regarding the sale consideration and the impact on the company's cash reserves. This is a routine monetization of non-operational assets and does not affect current production capacity.
RHIM Seeks Shareholder Approval for Material Related Party Transactions for FY 2026-29
RHI Magnesita India (RHIM) has issued a postal ballot notice to obtain shareholder approval for material related party transactions with its fellow subsidiary, RHI Magnesita GmbH. The proposed transactions span a three-year period from FY 2026-27 to FY 2028-29 and are essential for the company's operational requirements. The scope includes the sale of products, purchase of raw materials and machinery, and various inter-company services such as R&D and IT support. Shareholders can cast their votes electronically between May 23, 2026, and June 21, 2026.
Key Highlights
Seeking approval for material RPTs with RHI Magnesita GmbH for three financial years (2026-27 to 2028-29)
Transactions involve purchase of raw materials, spares, and plant machinery to meet business requirements
Includes rendering and availing inter-company services like R&D, IT cross-charges, and business support
The e-voting period is scheduled from May 23, 2026, to June 21, 2026, with results by June 23, 2026
All transactions are stated to be conducted on an arm's length basis and in the ordinary course of business
👀 What to Watch
Investors should monitor the voting results to ensure continued operational support from the parent group. While these are routine for MNCs, check the specific transaction limits in the full notice to ensure they align with the company's growth scale.
RHIM Q3 FY26: Record ₹1,092 Cr Revenue and Shift to Net Cash Position
RHI Magnesita India reported its highest-ever quarterly revenue of INR 1,092 crores, an 8% YoY increase driven by strong project orders and 4PRO solutions. EBITDA margins improved significantly to 13.7% from 10.7% in the previous quarter, aided by a better product mix and performance-linked bonuses. A major financial milestone was achieved as the company moved from a net debt of INR 200 crores to a net cash position of INR 35 crores. Operating cash flow reached a record INR 289 crores, reflecting disciplined working capital management and improved collections.
Key Highlights
Highest ever quarterly revenue of INR 1,092 crores, up 5.5% QoQ and 8% YoY
EBITDA margins expanded to 13.7% with average realization rising to INR 80,410 per MT
Achieved net cash position of INR 35 crores, improving from INR 200 crores net debt in Q2
Record operating cash flow of INR 289 crores, a 627% sequential increase
Consolidated capacity utilization stood at 64%, leaving room for volume growth
👀 What to Watch
Investors should note the significant balance sheet strengthening and margin recovery as a sign of operational resilience. The company's transition to a net cash position provides ample room for future growth investments without over-leveraging.
RHIM Q3 FY26: Record Revenue of ₹1,092 Cr; EBITDA Jumps 36% QoQ with Negative Net Debt
RHI Magnesita India (RHIM) reported a strong Q3 FY26 with record revenues of ₹1,092 crore, a 5.5% QoQ growth. Adjusted EBITDA surged 36% QoQ to ₹150 crore, with margins expanding to 13.7% driven by pricing discipline and operational excellence. Crucially, the company achieved a negative Net Debt/EBITDA ratio of -0.1x for the first time post-acquisition, signaling a very strong balance sheet. Operating cash flow witnessed a massive 627% QoQ increase to ₹289 crore due to disciplined working capital management.
Key Highlights
Revenue reached a record ₹1,092 crore, up 5.5% QoQ and 12% for the 9-month period ended Dec 2025.
Adjusted EBITDA grew 36% QoQ to ₹150 crore, with margins improving from 10.7% to 13.7%.
Achieved negative leverage (Net Debt/EBITDA of -0.1x) and a 627% surge in operating cash flow to ₹289 crore.
Secured strategic 4PRO contracts and OEM orders in iron-making, maintaining a dominant 30% market share in India.
Reported record-setting performance at SAIL Rourkela with 210 heats on a single steel ladle using RHIM products.
👀 What to Watch
Investors should note the significant margin recovery and the transition to a net-cash position as indicators of high operational efficiency. The company's focus on high-margin 4PRO contracts and localization makes it a strong play on the Indian steel and cement infrastructure cycle.
RHIM Q3 FY26 Results: PAT Surges 61% QoQ to ₹62 Cr, Achieves Negative Net Debt
RHI Magnesita India reported a strong sequential performance for Q3 FY26, with Revenue from operations growing 5.5% to ₹1,092 crore. Profit After Tax (PAT) saw a significant jump of 61% QoQ to ₹62 crore, while Adjusted EBITDA rose 36% to ₹150 crore. A major milestone was achieved as the company reached a negative Net Debt/EBITDA ratio of -0.1x for the first time since its recent acquisitions. Despite a 4% dip in shipment volumes, strategic wins in iron making and flow control segments through 4PRO contracts drove the financial improvement.
Key Highlights
Revenue from operations increased by 5.5% QoQ to ₹1,092 crore
Adjusted EBITDA grew by 36% QoQ to ₹150 crore, reflecting improved operational efficiency
PAT surged 61% QoQ to ₹62 crore despite a 4% decline in shipment volumes to 136 KT
Successfully achieved a negative Net Debt/EBITDA ratio of -0.1x for the first time post-acquisition
Growth driven by strategic 4PRO contracts in iron making and flow control segments
👀 What to Watch
Investors should take note of the significant margin improvement and successful deleveraging as signs of strong operational execution. While the outlook remains cautiously optimistic due to market capacity issues, the company's shift to negative net debt strengthens its balance sheet for future growth.
RHIM Q3 FY26 Standalone PAT Jumps 67% QoQ to ₹68.9 Cr; Revenue Up 17% YoY
RHI Magnesita India reported a strong sequential recovery in Q3 FY26, with standalone revenue reaching ₹903.5 crore, a 16.7% increase year-on-year. Net profit for the quarter stood at ₹68.9 crore, marking a significant 66.8% growth compared to the previous quarter. While 9-month PAT is down 16% YoY at ₹156.7 crore due to higher operating costs earlier in the year, the current quarter shows improved margins with PBT rising to ₹92.2 crore. The company also successfully integrated Ashwath Technologies through its subsidiary during this period.
Key Highlights
Standalone Revenue from operations grew 16.7% YoY to ₹90,347.99 lakhs in Q3 FY26.
Net Profit (PAT) increased 66.8% sequentially to ₹6,889.98 lakhs from ₹4,129.34 lakhs in Q2.
9-month revenue stands at ₹2,570.87 crore, representing a 20.3% growth compared to the previous year.
Profit Before Tax (PBT) for the quarter rose to ₹9,221.42 lakhs, up from ₹5,559.86 lakhs in the preceding quarter.
Completed investment of ₹24,971 lakhs in subsidiary IEIPL to finance the acquisition of Ashwath Technologies.
👀 What to Watch
Investors should take note of the sharp sequential recovery in margins and profitability, which suggests that the company is effectively managing input costs. The stock remains a strong long-term play in the industrial refractory space given its recent acquisitions and market leadership.
RHIM Q3 FY26 Standalone PAT Rises 22.6% YoY to ₹68.9 Cr; Revenue Up 16.7%
RHI Magnesita India (RHIM) reported a strong quarterly performance for Q3 FY26, with standalone revenue growing 16.7% YoY to ₹903.48 crore. Standalone Profit After Tax (PAT) saw a significant jump of 22.6% YoY to ₹68.90 crore, up from ₹56.17 crore in the same period last year. While the quarterly results show robust growth, the nine-month PAT of ₹156.73 crore remains lower than the previous year's ₹186.61 crore due to higher cumulative expenses. The company also completed the strategic acquisition of Ashwath Technologies through its subsidiary during this period.
Key Highlights
Standalone Revenue for Q3 FY26 increased to ₹903.48 crore from ₹774.31 crore in Q3 FY25.
Standalone Net Profit for the quarter grew 22.6% YoY to ₹68.90 crore.
Quarterly Earnings Per Share (EPS) rose to ₹3.34 from ₹2.72 in the previous year's corresponding quarter.
Invested ₹24.97 crore in subsidiary IEIPL to facilitate the acquisition of Ashwath Technologies.
Nine-month standalone revenue reached ₹2,570.88 crore, representing a 20.3% growth over the previous year's nine-month period.
👀 What to Watch
Investors should take note of the strong quarterly recovery in margins and revenue growth. The stock remains a key play in the refractory segment, though the decline in nine-month cumulative profits warrants a close watch on full-year cost management.
