Questions across 7 calls

Parmod Sagar

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RHI MAGNESITA INDIA LIMITED

RHI MAGNESITA INDIA LIMITED CC-Jun26.pdf · 2026-05-30

Coke oven is always a project, but there is not any capex required. This is a normal production process, and we received a 30,000 plus tonne order, it's a huge tonnage. And with the mines now transferred into our name and earlier, we were buying from the market at almost double the price of our mining cost. So, with this order in place, mining in our name, we will not only absorb our fixed cost, we will have better margins also because of our own mining. And after 18 months, we believe there are 4 or 5 more coke ovens coming up, and we are very sure we will continue getting those projects, and this will at least continue for the next 3- 4 years' time when it comes to coke oven.

This order is for 2 coke oven batteries. And 5 more coke oven batteries are coming up in next 2, 3 years' time. So, we believe that we will get at least 2 more out of the 5, very conservative approach. So, after the next 18 months, we will be able to continue at this high level of production with the fixed cost absorption and with our own mining providing better margins.

RHI MAGNESITA INDIA LIMITED CC-Feb26.pdf · 2026-02-16

When Azim said one-time bonus, it doesn't mean it i s one time. During the last quarter, we did some ladle and converter lining. And over a period of time, it starts to realize as bonus because there's a guarantee cla use and when you are overachieving that guarantee, then you are getting bonus. So that we got in this quarter, and we assume that it will continue in nex t quarter as well. Because whatever we supply to the steel industry on guarant ee basis, it is yielding results in terms of bonus.

Yes. So our target is to take it beyond 20% in comi ng year. It will be a gradual process. You cannot jump from 19% to 25% or so. You need to see the products where you can increase without impacting any qualit y or performance. We are not compromising. We are using recycled material af ter thorough processing as raw material, not just taking out a used material a nd crushing and putting it in some place. It will be gradual, but still we are do ing reasonably well.

RHI MAGNESITA INDIA LIMITED CC-Jun25.pdf · 2025-08-11

Yes. So basically, the market is still very commoditized, and it is not easy to get price increases in commoditized market. We have some 4 PRO solutions as me and Azim was also talking about this full solution business where we add value to the customer in those areas, we are getting price increases where we are also adding value to the customer and the business is not that much commoditized? So if you talk about Q2 and Q3, I would not be able to give you the number, but I can say it will be upswing. It will not be hockey stick, but it will be upswing quarter -by-quarter. Our intention is this full year, if we could manage to the last year's EBITDA, that will be ultimate satisfaction to us. Hopefully, I'm clear to give you the answer.

That's what I'm saying. I cannot give you the margin percentage. I'm saying it will be upside. By September, this high-cost inventory should be consumed. And Q3 will see,Q2 will also, I assume from Q1, there will be some uptick on Q2 and Q3 will still be better. That's what I can say.

RHI MAGNESITA INDIA LIMITED CC-Dec24.pdf · 2025-02-12

Rajeshji, thank you for your question, and thanks for your compliments. Yes, the situation, as you rightly said, is very volatile, very challenging atmosphere. As a matter of fact, we have not been able to get price increases from most of the customers. An d I'm sorry to say even our peers, our competition, nobody is seriously pushing for price increases. I don't know why. So, we are leading from the front because we are the leader in the market. So, we are reaching out to our customers wholeheartedly to get price increases. But every time we're getting the answer, nobody else is asking for the price increase. So, this put u s in a spot, but we will keep on pushing for price increases and I hope we will get some success as well.

As of now, no.

RHI MAGNESITA INDIA LIMITED CC-Sep24.pdf · 2024-11-08

Thank you very much, Jonas, for your question and Happy Diwali to you and your family as well. As you rightly said, yes, we are growing rapidly at a good pace in iron making, pellet, DRI business and it is still a small business if we talk in totality and it is about 6% growth, okay? And there is also a good volume in cement, which also has a lower realization. So, this has impacted when we talk about realization -- per ton realization or revenue at large, because the selling price is low in this high alumina cement. And what was the second question?

This is -- which is one-time impact, I would say. There's a change of incoterm and we have a lot of material in the pipeline, I would say, but it doesn't have any long -term material impact. Do you want add anything?

RHI MAGNESITA INDIA LIMITED CC-Jun24.pdf · 2024-08-14

Okay. So, first of all, thank you very much for your congratulatory message and your best wishes. I can assure you and all investors, the shareholders that I will try my best to fulfill your aspiration and justify the faith embedded on me by the management and with the investment committee . Thank you very much. And about this three blast furnace contracts and five tap hole clay new customers. We already got the orders, and the execution should start by beginning of October of these orders, a nd maybe it will take three to five months to complete these contracts. So, it will start in last quarter of this year and end up in a 1st Quarter of next calendar year. About pellet plant, yes we got a big order and we are also in talk with the two, three more customers. We are going to build a team for this project. And probably it will start mid of October. The size of this blast furnace iron making market, I would say, including tap hole clay and coke oven, etc., is about €220 million, and which is about Rs.2000 crores and about pellets, it is about €25 million.

I would not say initial discussion, nothing is cracked, but we are in some cases, in a very advanced stage of discussion. And there are quite a bit of projects that are coming up in next two to three years time, and we already have good business opportunities in the pipeline for this coke oven stoves, but it is not through OEM, we are in talk with OEM. It will take some time, but it is in advance stage.

RHI MAGNESITA INDIA LIMITED CC-Sep23.pdf · 2023-11-09

Okay, so we expect that in the coming quarters, the volume growth should go up in RHIMIR plant more than 10%, double digit. But it also depends upon how the market is behaving, the cement plant, the steel plant, etcetera. As of now, the outlook is good. Looks like we will continue that trajectory of growth. Still, with a pinch of salt, we are considering double digit growth in this plant. And margin-wise, I would still say we have done exceptionally well in last quarter. From single digit in first quarter we reached to double digit and now it is above 30%. So our IR plant, I would say it is the optimal level. We will continue in this level in the coming years.

Not really. As of now, there is nothing changed, not in board, not in management. And it is totally unlikely that it will have any impact in the short term.