RHI Magnesita India Reports Mixed Q4 Results Amid Rising Interest Expenses
RHI Magnesita India has announced its financial results for the quarter ending December 2024, showcasing the highest net sales in five quarters at Rs 1,010.70 crore. However, the company faced challenges with increased interest expenses and declines in both profit before tax and profit after tax compared to previous quarters.
RHI Magnesita India has recently reported its financial results for the quarter ending December 2024, revealing a mixed performance within the refractories industry. The company achieved net sales of Rs 1,010.70 crore, marking the highest quarterly sales in the last five quarters, indicating a positive near-term sales trend.However, the financial results also highlight some challenges. The interest expense for the quarter reached Rs 12.84 crore, reflecting a significant quarter-on-quarter growth of 31.15%, which suggests an increase in borrowings. Additionally, the profit before tax (PBT) was recorded at Rs 57.52 crore, showing a decline of 19.3% compared to the average PBT of the previous four quarters. Similarly, the profit after tax (PAT) stood at Rs 47.54 crore, down 15.9% from the average PAT of the preceding quarters.
These developments have led to an adjustment in the evaluation of RHI Magnesita, with the score reflecting a shift from -2 to -5 over the last three months.
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