Rain Industries Limited — Updates, 06-11-2024: Press Release

RAIN Industries Limited reported a decrease in revenue and increased losses in its Q3 results, with revenue at ₹39.34 billion compared to ₹41.60 billion in Q3 2023. Adjusted EBITDA fell to ₹2.92 billion from ₹3.76 billion year-over-year. The adjusted net loss after tax reached ₹1.66 billion, with a loss per share of ₹4.94, up from ₹1.69 in the prior year, mainly due to reduced margins in carbon and cement segments amidst lower commodity prices.