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Rhi Magnesita Q2 net at Rs43.10cr up 32.41% yoy on higher inventory efficiency gains

Rhi Magnesita reported 24.45% higher total revenues for the Sep-21 quarter on consolidated basis at Rs432.58cr

November 14, 2021 1:13 IST | India Infoline News Service
Orient Refractories
Rhi Magnesita reported 24.45% higher total revenues for the Sep-21 quarter on consolidated basis at Rs432.58cr. The revenues were up by 0.77% on sequential basis compared to Rs429.26cr in Jun-21 quarter.

Half yearly sales ended Sep-21 were up 48.9% at Rs862cr. Net cash inflow from operating activities slipped into the negative due to a sharp spike in inventories. Rhi Magnesita was formerly known as Orient Refractories.

On a yoy basis, the net profits at Rs43.10 in the Sep-21 quarter was up 32.41% on a yoy basis. The rise in profits was driven by higher sales but also higher efficiency gains in the quarter.  

On a sequential basis, the profits were lower by -13.77% in Jun-21 quarter.

Net margins stood at 9.96% in the Sep-21 quarter compared to 9.36% in the Sep-20 quarter and 11.64% in the sequential Jun-21 quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Rhi Magnesita
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 432.58 ₹ 347.58 24.45% ₹ 429.26 0.77%
Net Profit (Rs cr) ₹ 43.10 ₹ 32.55 32.41% ₹ 49.98 -13.77%
Diluted EPS (Rs) ₹ 2.68 ₹ 2.02 ₹ 3.10
Net Margins 9.96% 9.36% 11.64%

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The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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