Rain Industries Q2 2026 Revenue Surges 17% to ₹51.67 Bn, EBITDA Jumps 61%
Rain Industries reported Q2 2026 revenue of ₹51.67 Bn, up 17% YoY. Adjusted EBITDA surged 61% to ₹9.94 Bn. Adjusted PAT was ₹3.17 Bn, and Adjusted EPS stood at ₹9.43. The company maintains a cautious outlook for Q3 due to market volatility.
The substantial increase in revenue and EBITDA, along with improved financial metrics like Net Debt to EBITDA, has a significant positive impact on the company's financial health and investor perception.
The company reported significant year-over-year growth in revenue and EBITDA, indicating strong operational performance and improved profitability.
Rain Industries Limited has announced its unaudited financial results for the second quarter and half year ended June 30, 2026.
The company reported a significant increase in its top line, with Revenue from Operations reaching ₹51.67 billion, a 17% rise compared to the second quarter of 2025. Adjusted EBITDA also saw a substantial jump of 61% to ₹9.94 billion.
Adjusted Profit After Tax (PAT) for the quarter stood at ₹3.17 billion, with Adjusted Earnings Per Share (EPS) at ₹9.43 (not annualized).
The company highlighted strong performance across its segments. Revenue from Operations for the consolidated entity increased by 17% to ₹51.67 billion in Q2 2026 compared to ₹43.35 billion in Q2 2025. Adjusted EBITDA grew by 61% to ₹9.94 billion from ₹6.17 billion in the same period.
The Carbon segment's revenue increased due to higher prices supported by the appreciation of the Euro and USD against the Indian Rupee, although volumes saw a slight decrease. The Advanced Materials segment also experienced revenue growth driven by pricing increases and higher volumes in Engineered Products, with EBITDA boosted by higher margins and cost-saving initiatives. However, the Cement segment saw a revenue decrease due to lower volumes and net sales price realizations, coupled with increased operating costs affecting EBITDA.
On the balance sheet, the company reported Total Liquidity of US$313 million, comprising US$172 million in cash and US$141 million in undrawn facilities. Capital Expenditure for the six months ended June 2026 was US$26 million. The company has a debt maturity runway until October 2028, with no significant term maturities until then. Net Debt to EBITDA improved to 2.77 from 3.21 in the previous period.
The company's outlook remains cautious for Q3 2026 due to geopolitical, logistics, and commodity market volatility. However, strategic priorities focus on stable margins, cost optimization, cash generation, and lower finance costs, leveraging its global footprint and flexible supply chains for resilience.
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