Rain Industries Q3 2026 Revenue Up 23% to ₹5,486 Crore, Adj. EBITDA Jumps 32%
Rain Industries reported Q3 2026 revenue of ₹5,486 crore (up 23% YoY) and Adjusted EBITDA of ₹857 crore (up 32% YoY). Profit after tax rose 77% to ₹204 crore. The company continues to navigate challenging operating conditions, with improvements driven by higher sales prices and cost control. Cement volumes grew 11%, but margins were impacted by costs.
The announcement details substantial financial growth (revenue, EBITDA, profit) and provides insights into the company's operational performance and strategic outlook across its key segments. This information is material for investors and stakeholders.
The company reported significant year-on-year increases in revenue, adjusted EBITDA, and profit after tax, indicating strong financial performance despite challenging market conditions. Positive commentary on operational improvements and financial flexibility also contributes to the positive sentiment.
Rain Industries Limited announced its un-audited financial results for the third quarter ended September 30, 2026. The company reported an increase in revenue from operations to ₹5,486 crore, a 23 percent improvement compared to the same quarter last year. This growth was primarily driven by higher sales prices across various products, partially offset by lower volumes.
Adjusted EBITDA saw a significant rise of 32 percent year-on-year, reaching ₹857 crore. This was supported by steady performance and effective cost control in the Carbon and Advanced Materials segments, despite their combined lower sales volumes. Adjusted profit after tax for the quarter was ₹204 crore, or ₹6.05 per share, marking a 77 percent increase compared to the third quarter of the previous year.
For the first nine months of 2026, Adjusted EBITDA reached ₹2,565 crore, approximately 51 percent higher than the ₹1,699 crore reported for the same period in 2025. The company highlighted that its performance is benefiting from the earnings power of its integrated model and the operational and balance sheet actions undertaken.
Despite challenging operating conditions, including geopolitical developments, climate-related issues affecting energy and logistics, and raw material price volatility, Rain Industries demonstrated resilience. The company's investments in flexible, multi-modal logistics infrastructure proved valuable in navigating these complexities. The Cement segment saw a 11 percent increase in volumes to 670 thousand tons, driven by the re-launch of the Priya Cement brand. However, operating margins were impacted by elevated energy and freight costs. Consequently, the company is deferring its proposed Cement expansion project in Telangana.
Financially, the company ended the quarter with cash of $165 million and $180 million undrawn on its revolving credit facility, providing total liquidity of $345 million. Gross debt stood at $1.024 billion, with a net debt-to-EBITDA ratio improving to 2.53 times. Management remains focused on margin recovery, cost and raw material optimization, operational discipline, and working capital normalization, while also exploring debt refinancing opportunities.
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