Rain Industries nine-month profit rises to Rs 742.13 crore

Rain Industries Limited reported consolidated net profit of Rs 742.13 crore for the nine months ended September 30, 2026, compared with Rs 98.22 crore a year earlier, as revenue from operations rose to Rs 1,517.38 crore. However, September-quarter profit declined to Rs 243.28 crore from Rs 340.99 crore in the preceding June quarter.

How did Rain Industries perform in the nine months ended September 2026?

Rain Industries increased revenue from operations by Rs 252.87 crore year on year to Rs 1,517.38 crore in the nine months ended September 30, 2026, from Rs 1,264.51 crore in the corresponding 2025 period. Including other income, total income rose to Rs 1,528.86 crore from Rs 1,273.30 crore, while total expenses increased to Rs 1,417.37 crore from Rs 1,236.64 crore.

Rain Industries reported profit before tax of Rs 1,114.86 crore, compared with Rs 368.97 crore a year earlier, and net profit of Rs 742.13 crore, against Rs 98.22 crore. Total tax expense was Rs 372.73 crore, up from Rs 270.76 crore, while the prior-year period included a profit before tax of Rs 368.97 crore.

Profit attributable to Rain Industries’ owners was Rs 628.30 crore in the nine-month period, compared with Rs 29.02 crore in the previous corresponding period. Non-controlling interests accounted for Rs 113.83 crore of net profit, against Rs 69.20 crore, and basic and diluted earnings per share, not annualised, were Rs 18.68 compared with Rs 0.86.

Why did Rain Industries’ September-quarter profit fall from June?

Rain Industries’ September-quarter net profit fell to Rs 243.28 crore from Rs 340.99 crore in June 2026 because profit before tax declined to Rs 358.02 crore from Rs 501.07 crore, despite higher revenue. Revenue from operations rose by Rs 31.87 crore sequentially to Rs 548.59 crore in the quarter ended September 30, 2026, from Rs 516.72 crore in the June quarter.

Total expenses increased to Rs 516.35 crore in the September quarter from Rs 469.91 crore in June, exceeding the Rs 32.14 crore increase in total income. Profit before share of associate and tax was Rs 358.02 crore, compared with Rs 501.07 crore, while net tax expense declined to Rs 114.74 crore from Rs 160.08 crore.

Rain Industries’ segment operating profit declined in each of its Carbon and Advanced Materials businesses during the sequential comparison. Carbon’s segment result was Rs 733.11 crore in the September quarter, compared with Rs 773.25 crore in June, while Advanced Materials declined to Rs 132.32 crore from Rs 160.59 crore and Cement moved to a Rs 17.58 crore operating loss from a Rs 5.99 crore profit.

Which Rain Industries segments supported nine-month growth?

Rain Industries’ Carbon and Advanced Materials segments supported the nine-month increase, while Cement recorded an operating loss. Carbon revenue rose to Rs 1,179.15 crore from Rs 975.98 crore and its segment result increased to Rs 212.65 crore from Rs 150.49 crore in the year-on-year comparison.

Advanced Materials revenue increased to Rs 345.39 crore from Rs 275.35 crore over the same nine-month periods. Its segment result was Rs 35.68 crore, compared with Rs 13.14 crore in the prior-year period, whereas Cement revenue declined to Rs 87.95 crore from Rs 88.99 crore and its segment result turned to a Rs 1.27 crore loss from a Rs 4.82 crore profit.

Rain Industries defines segment result as operating profit before depreciation and amortisation, finance costs, interest income, share of associate profit, unallocable income or expense, and income taxes. On that basis, total segment result was Rs 247.06 crore for the nine months ended September 2026, compared with Rs 168.46 crore a year earlier.

In the September 2026 quarter, Carbon generated Rs 424.28 crore of segment revenue and Rs 73.31 crore of segment result. Advanced Materials contributed Rs 128.10 crore of revenue and Rs 13.23 crore of segment result, while Cement generated Rs 30.89 crore of revenue and reported a Rs 1.76 crore segment loss.

What costs, review matters and dividend did Rain Industries disclose?

Rain Industries recorded higher nine-month expenses as sales increased, including material costs of Rs 851.70 crore, employee-benefit expense of Rs 121.21 crore and other expenses of Rs 326.19 crore. In the corresponding 2025 period, those costs were Rs 719.39 crore, Rs 96.93 crore and Rs 280.99 crore, respectively.

Finance costs rose to Rs 75.59 crore from Rs 68.99 crore and depreciation and amortisation increased to Rs 74.74 crore from Rs 66.79 crore. The group reported a Rs 3.27 crore foreign-currency gain in the nine months, compared with a Rs 4.81 crore foreign-currency loss in the prior-year period.

Other comprehensive income, or OCI, was Rs 25.20 crore for the nine-month period, down from Rs 64.03 crore a year earlier. OCI included exchange differences from translating foreign operations and items relating to net investment in foreign operations, resulting in total comprehensive income of Rs 994.15 crore, compared with Rs 738.47 crore.

The board approved the unaudited consolidated results on November 6, 2026, after the audit committee reviewed and recommended them on November 5, 2026. The statutory auditor issued an unmodified limited-review conclusion, while drawing attention to regulatory and sanctions-related uncertainties involving Severtar Holding Limited.

Rain Industries’ board also declared a second interim dividend of 25%, or Rs 0.50 per equity share with a Rs 2 face value, aggregating to Rs 1.68 crore. The announcement did not state a record date for the dividend.

Conclusion

Rain Industries’ nine-month figures show higher revenue and operating profit from Carbon and Advanced Materials alongside a substantial increase in consolidated net profit to Rs 742.13 crore. The September-quarter comparison presents a different movement, as a sequential decline in segment results and a Cement loss coincided with profit falling from the June-quarter level despite higher revenue.

Next, Rain Industries said it will continue to monitor compliance with applicable regulations and sanctions connected with Severtar Holding Limited. Management is also completing statutory and tax filings, statutory audits and other secretarial compliance requirements for the Cyprus entity, whose board is non-functional, while the transferred Severtar Holding LLC was registered in Kaliningrad in the quarter ended June 30, 2026.