RHI Magnesita India Limited recorded its highest quarterly EBITDA margin of 18% in Q1 FY 2024-25 since its recent acquisitions. The company posted a 16% increase in EBITDA compared to the same period last year.
Parmod Sagar, MD and CEO of RHI Magnesita India Ltd., underscored the company’s resilience in maintaining robust margins despite market pressures such as cheaper imports and rising costs of raw materials and freight.
He pointed to the company’s strategic initiatives, including expanding its market share in iron-making and flow control, enhancing operational efficiency, and leveraging synergies from recent acquisitions.
RHI Magnesita India remains committed to contributing to India’s GDP growth, acknowledging the critical role the refractory industry will play in the nation’s strategic development.
As reported by manufacturingtodayindia.com, the company is also focused on advancing decarbonization through recycling and improving safety standards across its operations.
