You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

Rain Ind rises after strong Q1 performance

Capital Market 

Rain Industries gained 2.74% to Rs 184 after the company's consolidated net profit jumped 103% to Rs 231.13 crore on 3.8% rise in revenue from operations to Rs 3007.73 crore in Q1 March 2021 over Q1 March 2020.

On the segmental front, revenue from carbon was Rs 2140.16 crore (up 3.7% YoY), revenue from advanced materials was Rs 716.66 crore (down 10.4% YoY) and revenue from cement was Rs 334.94 crore (up 37.2% YoY) in the first quarter.

Profit before tax in Q1 March 2021 stood at Rs 314.21 crore, up 94.7% from Rs 161.42 crore in Q1 March 2020.

Rain Industries is a vertically integrated global producer of a diversified portfolio of products that are essential raw materials. It operates in three business segments: Carbon, Advanced Materials and Cement.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 29 2021. 15:09 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU