Rain Industries Ltd's Q3FY25 Quarter Results
- 26 Feb 2025
Result Summary
- Rain Industries Ltd reported a 8.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 11.1%.
- Its expenses for the quarter were down by 8.4% QoQ and 26.4% YoY.
- The net profit decreased 13.7% QoQ and decreased 87.6% YoY.
- The earnings per share (EPS) of Rain Industries Ltd declined at 4.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3710.06 | 4033.14 | 4172.48 | -8.0% | -11.1% |
Total Expenses | 3794.36 | 4140.82 | 5153.03 | -8.4% | -26.4% |
Profit Before Tax | -84.30 | -107.69 | -980.55 | -21.7% | -91.4% |
Tax | 51.78 | 47.25 | 99.50 | 9.6% | -48.0% |
Profit After Tax | -133.69 | -154.94 | -1078.87 | -13.7% | -87.6% |
Earnings Per Share | -4.80 | -5.30 | -33.30 | -9.4% | -85.6% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Rain Industries Ltd is a diversified conglomerate operating primarily in the chemicals, cement, and carbon products sectors. The company is known for its manufacturing and trading activities in carbon and chemical products, as well as its significant presence in the cement industry. Headquartered in India, Rain Industries serves both domestic and international markets, leveraging its integrated operations to deliver a wide range of products. The company has made strategic investments to bolster its production capacity and enhance its technological capabilities. While specific recent developments are not detailed in the provided data, Rain Industries continues to focus on optimizing its operations and expanding its market reach.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), Rain Industries reported a total income of ₹3710.06 crores. This represents a decrease of 8.0% compared to the previous quarter (Q2FY25) where the total income was ₹4033.14 crores. Additionally, there was an 11.1% decline when compared to the same quarter of the previous fiscal year (Q3FY24), which recorded a total income of ₹4172.48 crores. These figures highlight a downward trend in revenue generation over both the short and long term, as indicated by the quarter-over-quarter (QoQ) and year-over-year (YoY) percentages.
Profitability
Rain Industries experienced a negative profitability trend in Q3FY25. The company reported a loss before tax of ₹84.30 crores, which is an improvement from a higher loss of ₹107.69 crores in Q2FY25, marking a 21.7% QoQ reduction in losses. A significant improvement is noted when compared to Q3FY24, where the loss before tax was a substantial ₹980.55 crores, reflecting a 91.4% YoY decrease in losses. The tax expense for Q3FY25 was ₹51.78 crores, showing a 9.6% increase from the previous quarter's tax expense of ₹47.25 crores, but a 48.0% decrease from Q3FY24's tax of ₹99.50 crores. The profit after tax in Q3FY25 was a negative ₹133.69 crores, which is a reduction in loss by 13.7% QoQ compared to a loss of ₹154.94 crores in Q2FY25 and a remarkable 87.6% YoY reduction from a loss of ₹1078.87 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was a negative ₹4.80, improving from a negative ₹5.30 in Q2FY25 and a negative ₹33.30 in Q3FY24, translating to a 9.4% QoQ and 85.6% YoY improvement.
Operating Metrics
The total expenses for Rain Industries in Q3FY25 were ₹3794.36 crores, which marks an 8.4% decrease from ₹4140.82 crores in Q2FY25. When compared to Q3FY24, there is a significant reduction of 26.4% from ₹5153.03 crores. Despite the decrease in total income, the reduction in expenses has been pivotal in narrowing the company's losses. These operational metrics suggest efforts to control costs, which have contributed to the reduced loss margins seen in the profitability data. Rain Industries has been able to achieve a more favorable financial position compared to the previous fiscal year, as evidenced by the substantial YoY improvements across various metrics.
