Smallcap Company Reports 157 Per Cent EBITDA Growth Despite Revenue Decline
The company’s revenue declined 10 per cent year-on-year (YoY) to Rs 3,675.7 crore, compared to Rs 4,100.6 crore in Q4 CY23.
Rain Industries Ltd has reported a significant turnaround in its financial performance for Q4 CY24, with a sharp improvement in EBITDA and net profit, despite a decline in revenue.
Financial Performance
The company’s revenue declined 10 per cent year-on-year (YoY) to Rs 3,675.7 crore, compared to Rs 4,100.6 crore in Q4 CY23. However, EBITDA surged 157 per cent YoY to Rs 346 crore, a significant recovery from a negative Rs 612 crore in the previous year’s quarter.
Despite posting a net loss of Rs 133.6 crore, the company reduced its losses by 88 per cent YoY, compared to Rs 1,07.9 crore loss in Q4 CY23. The EPS improved 86 per cent YoY, reaching Rs -4.80, compared to Rs -33.26 in the previous year’s quarter.
Stock Performance
Rain Industries’ stock has seen a 31.34 per cent decline over the past year, underperforming the Nifty’s 0.86 per cent gain in the same period. The company currently has a market capitalization of Rs 4,230 crore.
About the Company
Rain Industries Ltd is a leading vertically integrated manufacturer of carbon, cement, and advanced materials. The company specializes in converting by-products of the oil and steel industries into high-value carbon-based materials used in various manufacturing applications.
The company operates 16 manufacturing facilities across North America, Europe, and Asia, supporting its three business segments. Its manufacturing capacity includes:
- Calcined petroleum coke: 2.4 MTPA
- Coal tar distillation: 1.3 MTPA
- Advanced materials production: 0.6 MTPA
- Cement production: 3.5 MTPA
Disclaimer: This article is for informational purposes only and not an investment advice.