Rain Industries reports mixed year-end, strategic shift underway

Rain Industries Limited reported its audited financial results for the year ended December 31, 2024, revealing a mixed performance across its segments. Revenue from operations stood at ₹153.74 billion with Adjusted EBITDA reaching ₹14.98 billion. The company faced challenges in its Cement segment due to industry consolidation, and managed mixed results in its carbon and Advanced Materials segments, due to industry realignments. For the fourth quarter, the company experienced a net loss after tax of ₹1.21 billion with adjusted loss per share reaching ₹3.60. These results reflect the company's adaptation to evolving market dynamics, including increasing competition, supply chain volatility, and raw material price fluctuations particularly affecting Green Petroleum Coke (GPC). The Board has approved the appointment of DVM & Associates LLP as the Secretarial Auditors for a five-year term, subject to shareholder approval. Looking ahead, Rain Industries is focused on optimizing its operations, re-establishing normalized operating margins, capitalizing on favorable trends in the aluminium and chemical industries, expanding its raw materials, and capitalizing on renewable sources. A strategic plan to reduce costs and a functional shift in Chinese markets signal a positive outlook. With its earnings presentation released, the company expects to continue on its core competencies and is on track to repay its debt, with a better outlook coming in FY25.