Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 2026 Earnings Presentation
18 slides from Rain Industries's earnings presentation, Nov 6, 2026
Slide 1: Earnings Presentation – Q3 2026
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 2026 A leading vertically integrated global producer of carbon, cement and advanced Investor Relations Contact: materials. RAIN converts by-products of oil refining and steel production into high-value carbon-based products for the aluminium, graphi
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including our statements addressing our expectations for segment volumes a
Slide 3: Safety Performance
Safety Performance Safety is the cornerstone of our culture o 9M 2026 TRIR of 0.22 is in line with leading 0.24 chemical and industrial benchmarks. o Objective: return to a year-end TRIR at or below 0.22 0.15 by the end of 2026. o Several facilities reached record days without a recordable incident.
Slide 4: Key Highlights – Q3 2026
Key Highlights – Q3 2026 E ARNI NG S P E RFO RMANCE — Q 3 2 0 2 6 ADJUSTED EPS REVENUE FROM ADJUSTED EBITDA ADJUSTED PAT OPERATIONS ₹54.86 Billion ₹8.57 Billion ₹2.04 Billion ₹6.05 ▲ 32% vs Q3’25 Net profit after tax Earnings per share ▲ 23% vs Q3’25 (not annualised) BAL ANCE S HE E T & LI Q UI DI T
Slide 5: Aluminium Market Update
Aluminium Market Update Not to Scale Primary Aluminium Production Growth - in Thousand Tonnes 29,636 30,340 29,240 31,564 43,109 43,671 44,650 44,955 2024 2025 2026 (F) 2027 (F) China Rest of World LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$) per MT) 2 4 LME QUOTE (000 US$ per MT)
Slide 6: Price Trend of Key Products and Natural Gas
Price Trend of Key Products and Natural Gas 1,338 1,376 Not to Scale 1,239 1,075 1,026 916 882 864 851 Benzene prices 704 738 635 709 663 625 612 610 678 853 685 843 declined during Q3 559 562 505 600 582 498 480 460 498 455 450 435 440 411 349 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25
Slide 7: Consolidated Revenue and EBITDA Q3 2026
Consolidated Revenue and EBITDA Q3 2026 (₹ in Billions) ₹ 2.45 ₹ 0.33 ₹ 54.24 ₹ 7.11 ₹ 0.37 ₹ 44.35 ₹ 2.03 ₹ 8.57 -₹ 0.31 ₹ 6.48 Q3 CY25 Carbon Advanced Cement Q3 CY26 Q3 CY25 Carbon Advanced Cement Q3 CY26 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts n
Slide 8: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 2,593 124.98 Q3 2026 vs Q3 2025 ▪ Revenue increased 22%, driven by 19.97 o Higher realisations in Calcination and Distillation, supported by US Dollar and Euro appreciation against the Indian Rupee. o Partly offset by lower Calcination volum
Slide 9: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 Q3 2026 vs Q3 2025 31.62 ▪ Revenue increased 28%, driven by 270 2.20 o Supply-driven price increases, supported by Euro appreciation of approximately 7.8% against the Indian Rupee. 1.68 o Higher Chemical Intermediates volumes, re
Slide 10: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q3 CY26 Q2 CY26 Q3 CY25 CY 2025 Q3 2026 vs Q3 2025 ▪ Revenue increased 12% driven by 11.31 o Higher volumes across regions, 2,575 despite heightened competition in South India following acquisitions by 0.57 pan-India players. ▪ Adjusted EBITDA declined due to o Sharp incre
Slide 11: Debt Profile and Summary of Cash Flows
Debt Profile and Summary of Cash Flows (₹ in millions) US$ in Millions Sep. 2026 Dec. 2025 Particulars 9M 2026 9M 2025 Euro-denominated Senior Secured Term Loan Operating Activities 14,927 9,597 316 365 (due by October 2028) # Investing Activities (735) (1,055) USD-denominated Senior Secured Notes (
Slide 12: Business Outlook
Business Outlook ▪ Navigate near-term uncertainty: Manage geopolitical risks and low water levels on European riverways prudently. ▪ Manage planned maintenance: Annual outages at several sites will temporarily reduce production while ensuring reliable operations. ▪ Build long-term resilience: Levera
Slide 13: Thank You
Thank You RIO
Slide 14: Appendix
Appendix
Slide 15: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss ₹ in Millions Particulars Q3 2026 Q2 2026 Q3 2025 CY 2025 Net Revenue 54,241 51,402 44,348 167,911 Other Operating Income 618 270 409 1,547 Revenue from Operations 54,859 51,672 44,757 169,458 Reported EBITDA 8,630 9,683 6,363 21,854 Adjusted EBIT
Slide 16: Reconciliation of Profit Before Tax to Reported EBITDA
Non - GAAP Measurement Reconciliation of Profit Before Tax to Reported EBITDA ₹ in Millions Particulars Q3 2026 Q2 2026 Q3 2025 CY 2025 Profit Before Tax 3,580 5,010 1,913 4,345 Depreciation and amortisation expense 2,541 2,447 2,357 9,218 Finance costs 2,662 2,514 2,373 9,217 Interest income (153)
Slide 17: Reconciliation of Adjusted EBITDA and PAT
Reconciliation of Adjusted EBITDA and PAT ₹ in Millions Particulars Q3 2026 EBITDA PAT A. Reported 8,630 2,107 B. Adjustments/Exceptional items: • Expenses towards non-recurring items (45) (45) • Foreign exchange loss/(gain) on inter-company debt note (19) (19) • Tax impact on above adjustments - (8
Slide 18: RAIN – Key Business Strengths
RAIN – Key Business Strengths ▪ Three business segments (Carbon, Advanced Materials and Cement) ▪ Global presence with 2.4 million tonnes p.a. calcination capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.5 million tonnes p.a. advanced materials capacity and 4.0 million tonnes p.a.