RHI Magnesita Q2 net profit jumps 62 pc to over Rs 62 cr
Rhi Magnesita India moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
RHI Magnesita has reported a remarkable surge in net profit, soaring to Rs 62.09 crore for the September quarter. The consolidated revenues experienced a modest increase, hitting Rs 1,038.26 crore this period. Additionally, overall expenses decreased to Rs 953.06 crore compared to the last year.
The analysis
Rhi Magnesita India reported Rs 62 cr, Rs 62.09 crore and Rs 1,038.26 crore, with movement of 30% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.3% on the day at ₹365.10, and has returned -6.8% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The capital goods & engineering sector has moved -7.7% over the same period, so Rhi Magnesita India is running 0.9 points ahead of its peers.
For Rhi Magnesita India, the question is how much of this is already reflected in the price and how much re-rates the capital goods & engineering peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: Rhi Magnesita India (RHIM), in Capital Goods & Engineering.
- Over three months: Rhi Magnesita India -6.8% against Capital Goods & Engineering -7.7% (0.9 points ahead).
- At least 25% below the 52-week high: Rhi Magnesita India (26%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Rhi Magnesita IndiaRHIM · Capital Goods & Engineering | ₹365.10 | +0.3% | -1.6% | -6.8% | -25.8% | 0.9× | — |
Capital Goods & Engineering
1M -5.4% · 3M -7.7%
Rhi Magnesita India
Prices as of 13 Nov 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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