Petrochemicals company Rain Industries announced Q1CY25 results Net Revenue of Rs 37.46 billion during Q1CY25 was an increase of ~2.4% as compared to Rs 36.57 billion during Q1CY24. Adjusted EBITDA was Rs 4,342 million, as compared to Rs 3,258 million in Q1CY24, resulting in an increase of Rs 1,084 million. Adjusted Net Loss After Tax was Rs 0.98 billion vs Rs 1.62 billion in Q1CY24 Adjusted Loss per share was Rs 2.91 vs Rs 4.81 in Q1CY24 Finance costs were Rs 2.24 billion during Q1CY25 as compared to Rs 2.35 billion in Q1CY24. The decrease was primarily on repayment of EUR 32.9 million Euro denominated Term Loan, reduction of EURIBOR offset by increase in the working capital borrowings coupled with appreciation of US Dollar and Euro against Indian Rupee compared to Q1CY24. Result PDF
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
Petrochemicals company Rain Industries announced Q2CY24 results: Revenue from Operations was Rs 40.94 billion vs Rs 46.27 billion in Q2CY23 Adjusted EBITDA was Rs 4.90 billion vs Rs 6.75 billion in Q2CY23 Adjusted Net Profit After Tax was Rs 0.07 billion vs Rs 1.91 billion in Q2CY23 Adjusted Earnings per share was Rs 0.21 vs Rs 5.67 in Q2CY23 Result PDF
Petrochemicals company Rain Industries announced Q1CY24 results: Revenue from Operations was Rs 36.70 billion vs Rs 52.54 billion in Q1CY23 Adjusted EBITDA was Rs 3.26 billion vs Rs 6.85 billion in Q1CY23 Adjusted Net Loss After Tax was Rs (1.62) billion vs Net Profit After Tax of Rs 2.15 billion in Q1CY23 Adjusted Loss per share was Rs (4.81) vs Earning per share of Rs 6.38 in Q1CY23 Carbon sales volumes during Q1CY24 were 511 thousand metric tonnes, a decrease of 18.4% as compared to 626 thousand metric tonnes in Q1CY23. Carbon segment Adjusted EBITDA decreased by Rs 3,815 million, as compared to Q1CY23 Advanced Materials sales volumes during Q1CY24 were 69 thousand metric tonnes, an increase of 13.1% as compared to 61 thousand metric tonnes in Q1CY23. Advanced Materials segment Adjusted EBITDA increased by Rs 296 million as compared to Q1CY23. Cement revenue decreased by 2.7% during Q1CY24 as compared to Q1CY23 due to decrease in realisations by 5.0% offset by increase in volumes by 2.4%. Cement segment Adjusted EBITDA decreased by Rs 69 million due to decreased realisations coupled with marginal increase in operating costs. Finance costs were Rs 2.35 billion during Q1CY24 as compared to Rs 1.63 billion in Q1CY23. The Company recorded an income tax expense of Rs 0.83 billion for Q1CY24 as compared to Rs 0.61 billion for Q1CY23. Result PDF
Petrochemicals company Rain Industries announced Q3CY23 results: Financial Performance: - Net Revenue for Q3CY23 was Rs 41.60 billion, a decrease of ~25.5% compared to Q3CY22. - Adjusted EBITDA for Q3CY23 was Rs 3.76 billion, a decrease of Rs 6.02 billion compared to Q3CY22. - Adjusted Net Profit After Tax for Q3CY23 was Rs (0.57) billion, a decrease compared to Rs 4.60 billion in Q3CY22. - Adjusted EPS for Q3CY23 was Rs (1.69), a decrease compared to Rs 13.68 in Q3CY22. - As of September 30, 2023, the company had a Gross Debt of USD 1,080 million and a Net Debt of USD 758 million. - The company has liquidity of USD 502 million as of September 30, 2023, to meet its commitments. Segment Performance: Carbon: - Sales volumes for Q3CY23 were 545 thousand metric tonnes, a decrease of 7.6% compared to Q3CY22. - Revenue from the Carbon segment decreased by 29.3% in Q3CY23 compared to Q3CY22. Advanced Materials: - Sales volumes for Q3CY23 were 68 thousand metric tonnes, a decrease of 15.0% compared to Q3CY22. - Revenue from the Advanced Materials segment decreased by 17.2% in Q3CY23 compared to Q3CY22. Cement: - Sales volumes for Q3CY23 decreased by 0.4% compared to Q3CY22. - Revenue from the Cement segment decreased by 5.1% in Q3CY23 compared to Q3CY22. Result PDF