Summary

Raghav Productivity Enhancers Ltd., the world’s largest manufacturer of Silica Ramming Mass, announced its result for the nine-month period and quarter ended 31 December, 2025. The company recorded 25% sales growth, driven by a 26% increase in volumes. The PAT per MT continues to improve, driven by product mix, cost optimization initiatives, and higher realization on account of increasing exports. The company continues to deliver 30% ROCE and 25% ROE, with scope of further expansion on optimization of capacity utilization.

Key Highlights

1. 1

   Recorded 25% sales growth, driven by ~26% increase in volumes

2. 2

   PAT per MT continue to improve, driven by our product mix, cost optimization initiatives, and higher realization on account of increasing exports

3. 3

   Capacity utilization was 80% on a consolidated basis

4. 4

   The company continues to deliver 30% ROCE and 25% ROE, with scope of further expansion on optimization of capacity utilization

5. 5

   Despite a pertinent slowdown in our end user industry (Steel & Foundry), company delivered consistent performance

6. 6

   Export sales volumes grew ~15%, reinforcing our position as the global leader

7. 7

   Share of Eastern Markets and Southern Markets now contribute more than 50% of total domestic sales volume

8. 8

   Serviced a total of 283 customers, contribution from the top 20 customers stood at 46%, indicating a balanced and diversified customer base