Rain Industries Limited (RAIN) Q2 FY27 Financial Results: PAT ₹1,200 Cr & Revenue ₹13,200 Cr

Rain Industries Limited reported Q1 FY2027 results for the quarter ended June 30, 2026, showing revenue of ₹1,300 crores, up 69.9% YoY, driven by strong carbon segment performance and improved product mix. The company highlighted margin resilience amid market volatility, with EBITDA impact partially offset by deferred shipments of 10,000–15,000 metric tonnes. Management emphasized strategic focus on Advanced Materials, including battery materials and green carbon products, with capacity expansion plans for CTP starting early 2028. Despite regulatory headwinds from Indian GPC import restrictions, operational improvements and deleveraging efforts are underway. Employee expenses rose 32% due to incentives and currency fluctuations, while working capital increased due to safety stock buildup amid Middle East logistics disruptions. Refinancing of second lien notes is under review to reduce costs and extend maturities, with no equity raise planned. The company targets a net-debt-to-EBITDA ratio of 3x over time and expects higher taxes due to improved profitability.