Rain Industries Limited retains its 'IND A/Stable' credit rating from India Ratings for a INR 1,700 million term loan. Despite a 15% revenue decline to INR 153,744.00 million and EBITDA margin contraction to 8.18%, the company's outlook remains stable. Increased green petroleum coke import quota is expected to boost capacity utilization to 85%-90%. The carbon segment contributes 70% to revenue and 83% to EBITDA. Net leverage increased to 5.43x but is anticipated to normalize below 4.0x. India Ratings projects a stable ROCE of 7%-8% in coming years.
08May 25
Rain Industries Reports Mixed Q4 2023 Results: EBITDA Up, Net Loss Narrows
Rain Industries' Q4 2023 financial results show improvement in some areas but ongoing challenges in others. EBITDA increased by 11.1% to ₹3.80 billion, with EBITDA margin expanding to 10.10%. Revenue grew modestly by 2.5% to ₹37.60 billion. However, the company still reported a net loss of ₹1.40 billion, though slightly improved from the previous year's ₹1.46 billion loss.
27Feb 25
Rain Industries Reports Improved Q3 Performance Despite Continued Losses
Rain Industries reported a consolidated net loss of ₹161 crore for Q3, improving from a ₹1,120 crore loss in Q3 2022. Revenue decreased to ₹3,676 crore from ₹4,100 crore year-over-year. Operating profit recovered to ₹346 crore from a loss of ₹611.8 crore last year. EBITDA improved to ₹382.7 crore from negative ₹538.7 crore. Operating Profit Margin rose to 9.41% from -14.92%. Despite ongoing challenges, the company's financial metrics show significant year-over-year improvements, indicating effective cost management and operational efficiency measures.
Rain Industries Limited announced its Q4 and full-year 2024 financial results, showing resilience despite market volatility. Q4 revenue decreased 10.4% YoY to ₹36.76 billion, but net loss improved to ₹1.61 billion from ₹11.19 billion in Q4 2023. Adjusted EBITDA for Q4 increased 40.3% to ₹3.90 billion. Full-year 2024 revenue fell 15.3% to ₹153.74 billion, with a net loss of ₹4.50 billion. The Carbon segment saw improved volumes, Advanced Materials segment revenue grew 7.2%, while the Cement segment faced challenges. The company implemented cost efficiency measures and refinanced its debt to navigate market uncertainties.