Rain Industries Q1 2025: Adjusted EBITDA at 4.34 Billion Rupees, Despite Raw Material Challenges

Rain Industries Limited concluded the first quarter of 2025 with an Adjusted EBITDA of 4.34 billion Rupees, an improvement from Q4 2024 and exceeding last year's quarterly performance. However, the company acknowledges that it has not yet reached its normalized quarterly EBITDA target due to persistent challenges with raw material costs and market competition. The Carbon segment's Calcination business saw a significant surge in China's green petroleum coke market, providing some relief for the company. The first cargos of U.S.-produced CPC have also been introduced in India.