Petrochemicals company Rain Industries announced Q3CY24 results Revenue from Operations was Rs 39.34 billion vs Rs 41.60 billion in Q3CY23. Adjusted EBITDA was Rs 2.92 billion vs Rs 3.76 billion in Q3CY23. Adjusted Net Loss After Tax was Rs 1.66 billion vs Rs 0.57 billion in Q3CY23. Adjusted Loss per share was Rs 4.94 vs Rs 1.69 in Q3CY23. Finance costs were Rs 2.34 billion during Q3CY24 as compared to Rs 2.42 billion in Q3CY23. The decrease was primarily on account of lower average working capital borrowings partially offset by appreciation of US Dollar and Euro against Indian Rupee compared to Q3CY23. The Company recorded an income tax expense of Rs 0.47 billion for Q3CY24 as compared to Rs 0.46 billion for Q3CY23. The effective tax rate (“ETR”) was higher than normal range due to non-recognition of deferred tax assets in Germany and US on tax attributes. Result PDF