Rain Industries Q3 2026: Revenue Jumps 23% to ₹5,486 Crore, EBITDA Soars 32%
Rain Industries reported Q3 2026 unaudited results with revenue up 23% to ₹5,486 crore and adjusted EBITDA up 32% to ₹857 crore. Adjusted PAT stood at ₹204 crore, with EPS at ₹6.05. Total liquidity is US$345 million. The company plans to focus on cost optimization and balance sheet strengthening.
The substantial increase in revenue and EBITDA, coupled with positive segment performance and a clear strategic outlook, suggests a significant positive impact on investor confidence and the company's market standing.
The company reported significant year-on-year growth in revenue and EBITDA, indicating strong operational performance and market demand. The outlook also suggests a focus on strengthening financial position and resilience.
Rain Industries Limited has announced its unaudited financial results for the third quarter ended September 30, 2026. The company reported a significant increase in its top-line and bottom-line figures.
Revenue from operations for Q3 2026 stood at ₹5,486 crore (₹54.86 billion), marking a substantial 23% rise compared to ₹4,435 crore (₹44.35 billion) in Q3 2025. Adjusted EBITDA also demonstrated strong growth, increasing by 32% to ₹857 crore (₹8.57 billion) from ₹648 crore (₹6.48 billion) in the same period last year. The adjusted profit after tax (PAT) for the quarter was ₹204 crore (₹2.04 billion), with adjusted earnings per share (EPS) at ₹6.05.
The company highlighted strong performance across its segments. The Carbon segment's revenue increased by 22% and adjusted EBITDA by 38%, driven by higher realisations and favorable foreign exchange movements. The Advanced Materials segment saw a 28% revenue increase and a 42% rise in adjusted EBITDA, attributed to supply-driven price increases and improved demand. The Cement segment reported a 12% revenue increase, though adjusted EBITDA declined due to sharp increases in energy and freight costs. The Telangana expansion project for the cement segment remains on hold.
Rain Industries maintained a healthy balance sheet and liquidity position, with total liquidity at US$345 million, comprising US$165 million in cash and US$180 million in undrawn facilities. Capital expenditure for the nine months ended September 2026 was US$46 million. The company has a debt maturity runway extending to October 2028 with no significant term maturities until then. Net cash inflows from operating activities increased by ₹533 crore (₹5.33 billion) compared to the prior year.
Looking ahead, the company plans to navigate near-term uncertainties by prudently managing geopolitical risks and European riverway water levels. It will focus on planned maintenance, building long-term resilience through supply-chain investments, and advancing battery-anode and energy-storage materials. Rain Industries aims to strengthen margins and its balance sheet through cost optimization and operational discipline, and plans to reduce interest costs by evaluating refinancing of High Yield Bonds around March 2027.
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