Rain Industries stated a combined net profit of Rs 89.52 crore in Q4CY22 against a net loss of Rs 96.96 crore posted in Q4CY21. Revenue from tasks soared 35.54% to Rs 5,456.81 crore in the quarter ending December 31, 2022, from Rs 4,026.05 crore noted in the last fiscal.

Accustomed EBITDA for Q4CY22 stood at Rs 689.5 crore, up 27.45% beside Rs 541 crore stated in Q4CY21. Adjusted EBITDA margin abridged to 12.6% in Q4CY22 as associated with 13.4% in Q4CY21.

On the segmental front, the company’s income from the Carbon segment was at Rs 4,232.8 crore, recording a growth of 48.12% in Q4CY22 over Q4CY21. Carbon sales volumes during Q4CY22 were 6.17 lakh metric tons, a fall of 2.06% besides 6.3 lakh metric tons in Q4CY21, led by lower outputs because of longer upkeep schedules.

Income from the Advanced Materials segment mounted at Rs 767.9 crore, down 2.55% in Q4CY22 compared to Q4CY21. The revenue was impacted due to lower volumes. Advanced Materials sales capacities during Q4 CY22 were 56,000 metric tons, down 34.12% from 85,000 metric tons in Q4CY21. The volume decrease was focused on lower production amid maintenance shutdowns, the conclusion of the aromatic chemicals business, and lower total demand. The Cement profits soared 28.16% yearly to Rs 410.5 crore in Q4CY22 on the back of a 26.09% increase in sales volumes and around a 2% rise in realisations.

As of December 2022, the company made a gross debt of $1,181 million (working capital debt of $152 million), cash equivalents of $217 million (restricted cash), unamortised late finance cost of $6 million and net debt of $958 million.

The company’s net profit yearly poured 147.97% to Rs 1,438.65 crore on 44.64% to Rs 21,011 crore in CY22 over CY21. Rain Industries shares were down 0.23% to Rs 151.15 on the BSE.