Petrochemicals company Rain Industries announced Q3FY22 results: Net Revenue of Rs 39.66 billion during Q4 CY21 was an increase of 51.4% as compared to Rs 26.20 billion during Q4 CY20. During Q4 CY21, Adjusted EBITDA was Rs 5,410 million, an increase of Rs 604 million as compared to Adjusted EBITDA of Rs 4,806 million achieved during Q4 CY20. The Adjusted Profit After Tax during Q4 CY21 was Rs 0.94 billion as compared to Adjusted Profit After Tax of Rs 1.16 billion during Q4 CY20. The Company achieved an Adjusted Earnings per Share of Rs 2.81 during Q4 CY21 as compared to Adjusted Earnings per Share of Rs 3.44 during Q4 CY20. Result PDF
Financial Highlights: Revenue from Operations was Rs. 38.49 billion and Adjusted EBITDA was Rs. 6.54 billion. Adjusted Net Profit After Tax was Rs. 2.05 billion and Adjusted EPS was Rs. 6.09. Net Revenue of Rs. 37.91 billion during Q3 CY21 was an increase of 48.6% as compared to Rs. 25.52 billion during Q3 CY20. Adjusted EBITDA was Rs. 6,543 million, an increase of Rs. 1,378 million as compared to Adjusted EBITDA of Rs. 5,165 million achieved during Q3 CY20. Finance costs were Rs. 1.17 billion during Q3 CY21 as compared to Rs. 1.23 billion during Q3 CY20. The decrease was mainly on account of a reduction in working capital loan during the current quarter. The Company recorded an income tax expense of Rs. 1.06 billion for Q3 CY21 as compared to Rs. 0.61 billion for Q3 CY20. The effective tax rate for the quarter is in line with the group tax rates at various geographies. The Adjusted Profit After Tax during Q3 CY21 was Rs. 2.05 billion as compared to Adjusted Profit After Tax of Rs. 1.30 billion during Q3 CY20. The Company achieved an Adjusted Earnings per Share of Rs. 6.09 during Q3 CY21 as compared to Adjusted Earnings per Share of Rs. 3.86 during Q3 CY20 Result PDF