Rain Industries Limited has informed the Exchange regarding Board meeting held on May 08, 2025 for approval of Un-audited Financial Results for the First Quarter ended March 31, 2025
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Rain Industries' board approved unaudited financial results for Q1 2025 (quarter ended March 31, 2025) along with the limited review report from S.R. Batliboi & Associates LLP. On a standalone basis, revenue from operations rose to INR 369.86 million (up about 37% from INR 270.63 million in Q1 2024), but the company posted a small net loss of INR 26.60 million, marginally better than the INR 34.01 million loss a year ago. On a consolidated basis, revenue was largely flat at INR 37,680.16 million versus INR 36,702.36 million in Q1 2024, while net loss narrowed to INR 1,151.04 million from INR 1,164.43 million. The Carbon segment performed strongly (segment result of INR 4,125.98 million vs INR 2,315.16 million), but Advanced Materials swung to a loss and Cement also weakened. The auditor flagged an 'Emphasis of Matter' regarding sanctions-related uncertainties at the Cyprus-based step-down subsidiary (Severtar Holding Limited) and its Russian operations.
Continued quarterly net losses on a consolidated basis remain a concern, though the loss is narrowing and the Carbon business is improving. Investors should watch the Russia-related compliance/sanctions risk highlighted by auditors and the weakness in the Advanced Materials segment, which dragged overall results.