On a consolidated front, Rain Industries reported a net profit of Rs 114.80 crore in Q4 December 2019 as against a net loss of Rs 139.20 crore posted in Q4 December 2018.
Net sales declined 17.82% to Rs 2830.41 crore in Q4 December 2019 over Q4 December 2018. Profit before tax stood at Rs 149.2 crore in Q4 December 2019 as against a pre tax loss of Rs 149.4 crore in Q4 December 2018. The company announced Q4 numbers during market hours today, 28 February 2020.Consolidated EBITDA jumped 81.55% to Rs 453.50 crore in Q4 December 2019 from Rs 249.80 crore in Q4 December 2018. EBITDA margin jumped to 16% in Q4 December 2019 from 7.3% posted in Q4 December 2018. Rise in EBITDA was on the back of exhausting of high-value raw materials during the previous quarter.
Meanwhile, the company has declared a dividend of Re 1 per equity share.
Shares of Rain Industries fell 0.24% to end at Rs 103.25. The scrip traded in the range of Rs 98.9 and Rs 106.65 on BSE.
Rain Industries is engaged in the business of manufacture and sale of carbon products, chemicals and cement.
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