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Rain Industries Ltd Q1FY24; 71% fall in Profits

Rain Industries Limited (RAIN) is a leading vertically integrated producer of carbon, cement and Advanced materials products. Headquartered in India, RAIN has manufacturing facilities in eight countries across three continents.

Financial Results:

Rain Industries Ltd reported Revenues for Q1FY24 of ₹4,627.00 Crores down from ₹5,541.00 Crore year on year, a fall of 16.5%.

Total Expenses for Q1FY24 of ₹4,347.00 Crores down from ₹4,661.00 Crores year on year, a fall of 6.74%.

Consolidated Net Profit of ₹207.00 Crores down 70.76% from ₹708.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.92, down 75.24% from ₹19.87 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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