Rain Industries Ltd. experienced a notable 9% decline in its share price on Monday, November 9, 2026, despite announcing robust financial results for the third quarter of calendar year 2026. The stock touched a low of Rs 159.30, down from its previous close of Rs 175.10.
Q3 2026 Financial Performance Highlights
The company reported a consolidated revenue from operations of Rs 5,485.9 crore for the September 2026 quarter, marking a significant 23% increase compared to Rs 4,475.7 crore in the same period last year. Consolidated profit attributable to the owners of the company nearly doubled, rising 99% year-over-year to Rs 210.66 crore, up from Rs 106 crore in Q3 CY25. Including non-controlling interests, the total consolidated net profit stood at Rs 243.28 crore, against Rs 130.32 crore a year earlier.
Adjusted EBITDA for Rain Industries also saw a healthy increase of 32% year-on-year, reaching Rs 856.6 crore from Rs 648.1 crore in the prior-year quarter. The adjusted EBITDA margin improved to 15.6% from 14.5% in Q3 CY25.
Segment-Specific Growth Drivers
The Carbon segment was a key contributor to the positive financial results, recording a 22% rise in revenue to Rs 4,242.8 crore, with adjusted EBITDA growing 38% to Rs 811 crore. This performance was attributed to higher realizations in calcination and distillation, favorable currency movements, and effective cost management. However, lower calcination volumes due to shipment timing partially offset these gains.
Similarly, the Advanced Materials segment reported a 28% increase in revenue, reaching Rs 1,281 crore. Its adjusted EBITDA surged 42% to Rs 220 crore. This improvement was driven by supply-driven price increases, stronger volumes in chemical intermediates, and enhanced cost and pricing management strategies.
Interim Dividend Declared
In addition to its financial update, Rain Industries' board declared a second interim dividend of Rs 0.50 per fully paid-up equity share, representing a 25% payout. The record date for determining eligible shareholders has been set for November 13, 2026, with the payment scheduled for December 1, 2026.