New Delhi, February 13 RHI Magnesita posted over a 29 per cent increase in consolidated net profit to Rs 61.55 crore for the December quarter, driven by revenue growth.
The company had reported a net profit of Rs 47.53 crore in the October-December period of the preceding 2023-24 financial year, it said in an exchange filing.
The company's total income increased to Rs 1,093.56 crore from Rs 1,017.48 crore a year ago.
On a quarter-on-quarter basis, the net profit was 61 per cent higher than Rs 38.34 crore in the September quarter.
The company's MD & CEO, Parmod Sagar, said, "We have been able to deliver positive numbers both on a quarter-on-quarter and year-on-year basis. We aim to maintain this momentum in the coming quarters."
RHI Magnesita India is the leading manufacturer and supplier of high-grade refractory products, systems, and solutions, which are critical for high-temperature processes exceeding 1,200 degrees Celsius in a wide range of industries, including steel, cement, non-ferrous metals, and glass.