Petrochemicals company Rain Industries announced Q3CY23 results:<br><br>Financial Performance:<br>- Net Revenue for Q3CY23 was Rs 41.60 billion, a decrease of ~25.5% compared to Q3CY22.<br>- Adjusted EBITDA for Q3CY23 was Rs 3.76 billion, a decrease of Rs 6.02 billion compared to Q3CY22.<br>- Adjusted Net Profit After Tax for Q3CY23 was Rs (0.57) billion, a decrease compared to Rs 4.60 billion in Q3CY22.<br>- Adjusted EPS for Q3CY23 was Rs (1.69), a decrease compared to Rs 13.68 in Q3CY22.<br>- As of September 30, 2023, the company had a Gross Debt of USD 1,080 million and a Net Debt of USD 758 million.<br>- The company has liquidity of USD 502 million as of September 30, 2023, to meet its commitments.<br><br>Segment Performance:<br>Carbon:<br>- Sales volumes for Q3CY23 were 545 thousand metric tonnes, a decrease of 7.6% compared to Q3CY22.<br>- Revenue from the Carbon segment decreased by 29.3% in Q3CY23 compared to Q3CY22.<br><br>Advanced Materials:<br>- Sales volumes for Q3CY23 were 68 thousand metric tonnes, a decrease of 15.0% compared to Q3CY22.<br>- Revenue from the Advanced Materials segment decreased by 17.2% in Q3CY23 compared to Q3CY22.<br><br>Cement:<br>- Sales volumes for Q3CY23 decreased by 0.4% compared to Q3CY22.<br>- Revenue from the Cement segment decreased by 5.1% in Q3CY23 compared to Q3CY22.<br><br><br><br><br><br>Result PDF