H1 FY27: record revenue, EBITDA and PAT; expansion to 5,34,000 MTPA on track
H1 FY27: revenue ₹180 Cr (+47%), EBITDA ₹54 Cr (+55%), PAT ₹41 Cr (+61%) YoY.
By ScoutQuest · · 2 min read
- H1 FY27 Revenue
- ₹180 Cr (+47%)
- H1 FY27 EBITDA / PAT
- EBITDA ₹54 Cr (+55%), PAT ₹41 Cr (+61%)
- Capacity Utilisation & Expansion
- 95%; brownfield expansion from 4,14,000 MTPA to 5,34,000 MTPA, operational in Q3FY27
Results at a glance
- H1 FY27 (consolidated, year-on-year): revenue ₹180 Cr, up 47%; EBITDA ₹54 Cr, up 55%; PAT ₹41 Cr, up 61%.
- Q2 FY27 (consolidated, year-on-year): revenue ₹93 Cr, up 46%; EBITDA ₹28 Cr, up 47%; PAT ₹22 Cr, up 56%.
- The company describes this as another quarter of highest-ever volume, revenue, EBITDA and PAT.
- H1 EBITDA and PAT grew 55% and 61% respectively, ahead of revenue growth; the company attributes this to a higher contribution from value added products.
Operations and expansion
- Capacity utilisation was 95% on a consolidated basis.
- Annualised ROCE of 39% and ROE of 29% in H1 FY27.
- Brownfield expansion is on track: new capacity will be operational in Q3FY27, with capacity increasing from 4,14,000 MTPA to 5,34,000 MTPA.
- The foundry business is growing steadily as the company widens its global distribution network.
- Tundish FerroShield, described as the company's latest R&D innovation, is seeing increasing adoption across the existing customer base, allowing it to expand its share of customers' refractory spend through cross-selling, with no incremental customer acquisition costs.
What management says
- Existing customers are scaling up, new customers are converting post-trials, and Tundish FerroShield is emerging as an additional growth driver.
- The TRLK JV in East India marks the first step towards replicating the customer proximity-led model across key steel clusters, supporting the 1 Mn MTPA capacity target.
- The draft National Steel Policy targets 604 Mn MT of steel capacity by 2047, nearly 3x current levels.
- The shift towards green steel supports the induction furnace route, creating a growing customer base as new induction furnace capacity is added.
About the company
Raghav Productivity Enhancers Limited was incorporated in 2009 and is headquartered in Jaipur. It is described as the world's largest manufacturer of silica ramming mass, operating fully automated manufacturing facilities using its patented technology in Newai, Rajasthan, with a combined installed capacity of 414,000 MTPA, expanding to 534,000 MTPA. The company exports to over 39 countries and serves 28 states across India. Silica ramming mass is a refractory material used in induction furnace based steel plants, foundries and casting units.
Also from Raghav Productivity Enhancers
Board approves Un-Audited Financial Results for the quarter and half year ended 30 September, 2026
16 Oct 2026
Board meeting on 16 October 2026 to consider unaudited Q2/H1 results
9 Oct 2026
White Oak Capital Management to visit Raghav's Newai plant on 30 September 2026
27 Sep 2026
More numbers
- H1 FY27 revenue₹180 Cr
- H1 FY27 EBITDA₹54 Cr
- H1 FY27 PAT₹41 Cr
- Q2 FY27 revenue₹93 Cr
- Q2 FY27 PAT₹22 Cr
- Capacity utilisation (consolidated)95%
- H1 FY27 ROE29%
- Capacity after expansion (from 4,14,000 MTPA)5,34,000 MTPA
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