Rain Industries Limited has informed the Exchange about Management Presentation on Un-Audited Financial Results of the Company (Standalone, Consolidated and Segment) for the First Quarter ended March 31, 2026 .
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Rain Industries reported Q1 FY2026 consolidated revenue of ₹45.21 billion, up 20% YoY, and adjusted EBITDA of ₹7.15 billion, up 65% YoY, marking a return to normalized quarterly earnings after structural cost actions in 2025. The Carbon segment drove most of the outperformance with ₹33.52 billion in revenue (+22.6% YoY) and ₹2.35 billion EBITDA uplift from higher volumes, better pricing, and favourable FX (Euro +17.5%, USD +5.5% against INR). Advanced Materials contributed ₹8.63 billion in revenue (+19.2% YoY), while the Cement segment saw a 4.9% revenue decline due to heightened competition in South India. Geopolitical disruptions in the Middle East have tightened global aluminium supply, with ~4.6% of global smelting capacity offline, which the company says is supportive for its key inputs (CPC and CTP). Net debt/EBITDA improved to 2.85x with USD 362 million in liquidity, and the next significant debt maturity is October 2028. Management flagged cautious optimism while noting sustained high aluminium prices could weigh on downstream demand over time.
Strong Q1 recovery driven by Carbon segment and cost actions signals the company's turnaround is gaining traction. However, geopolitical uncertainty, cement sector headwinds, and ongoing FX volatility warrant a cautious stance. The robust EBITDA growth and improving balance sheet are positives for shareholders.