Rain Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 04, 2023 at 10:26 am EDT
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Rain Industries Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was INR 46,271.47 million compared to INR 55,405.48 million a year ago. Revenue was INR 46,604.66 million compared to INR 55,631.06 million a year ago. Net income was INR 1,656.45 million compared to INR 6,684.64 million a year ago. Basic earnings per share from continuing operations was INR 4.93 compared to INR 19.87 a year ago.
For the six months, sales was INR 98,806.41 million compared to INR 99,770.87 million a year ago. Revenue was INR 99,387.59 million compared to INR 100,165.83 million a year ago. Net income was INR 2,710.17 million compared to INR 9,459.01 million a year ago. Basic earnings per share from continuing operations was INR 8.06 compared to INR 28.12 a year ago.
Rain Industries Limited is an India-based company that is engaged in the business of manufacture and sale of carbon, advanced materials and cement. Its segments include Carbon, Advanced Materials and Cement. The Carbon segment consists of Calcined Petroleum Coke, Coal Tar Pitch, Green Petroleum Coke, and other derivates of coal distillation, including creosote oil, naphthalene, carbon black oil, and other basic aromatic oils. The Advanced Materials segment includes the downstream operations of coal tar distillation and consists of engineered products, petrochemical intermediaries, naphthalene derivatives and resins. The Cement segment includes Ordinary Portland Cement (OPC) and Portland Pozzolana Cement. Its range of products serves as raw materials for a range of industries, such as aluminum, carbon black, refractory, specialty chemicals, coatings and construction. The Company's subsidiaries include Rain Cements Limited, Renuka Cement Limited, and Rain Carbon Inc.
RAIN INDUSTRIES LIMITED 
